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The following questions relate to Kyle Company, which manufactures products KA KB, and KC from a ...
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a...
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $191,000. Additional Information follow Sales Value at Product Units Produced Sales Values Additional Costs 62.000 20,000 230,000 170,000 200,000 200,000 32,000 After the publication of recent scientific test results, the government has banned the sale of product KCF KC is produced, it must be disposed on an approved way that costs $1.000 for every 25.000 unts produced Required:...
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a...
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $189,000. Additional information follows. Units Product Produced 84,000 KB 60,000 KC 24,000 If Processed Further Sales Additional Values Costs $330,000 $54,000 270,000 42,000 240,000 30,000 Sales Value at Split-Off $ 240,000 210,000 150,000 KA Required: a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA...
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint...
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $198,000. Additional information follows. Units Product Produced KA 83,000 58,100 KC 24,900 If Processed Further Sales Value at Split-off Sales Values Additional Costs $272,000 $320,000 $54,000 238,000 280,000 42,000 170,000 220,000 33,000 KB Required A Required B Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product...
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a...
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $197,000. Additional information follows: If Processed Further Product Units Produced Sales Value at Split-Off Sales Values Additional Costs KA 83,000 $ 272,000 $ 320,000 $ 53,000 KB 58,100 238,000 260,000 43,000 KC 24,900 170,000 220,000 31,000 If Processed Further Product Units Produced Sales Value at Split-Off Sales Values Additional Costs KA 83,000 $ 272,000 $ 320,000 $ 53,000...
The following questions relate to Kyle Company, which manufactures products KA KB, and KC trom a...
The following questions relate to Kyle Company, which manufactures products KA KB, and KC trom a point process. Joint product costs were $189,000 Adsitional information Units Sales Value at 84,000 60,000 24,000 $ 240,000 210,000 150,000 $330,000 270,000 240,000 42,000 30,000 KC Required: a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA including $54,000 # processed tu intermediate calculations.) b. Assuming that joint product costs are...
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a...
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $197.000. Additional information follows. Units Sales Value at Product Produced Split-Off KA 82,500 $ 256,eee 57,750 224,000 24,750 160,000 If Processed Further Sales Additional Values Costs $350, eee $49, eee 290,00 44, 230,000 32,000 Required: a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA...
Ise 11-51 (Algo) Physical Quantities Method (LO 11-8) llowing questions relate to Kyle Company, which manufactures...
Ise 11-51 (Algo) Physical Quantities Method (LO 11-8) llowing questions relate to Kyle Company, which manufactures products KA, KB. $193,000. Additional information follows. If Processed further Sales Value at Split-Off $244, eee Units oduct Produced 84, see 59,15€ 25,350 Sales Values Additional Costs $350,000 $50, eee 270,eee 41,eee 239, eee 32, eee 213,500 152,589 quired: Assuming that joint product costs are allocated using the physical quantities (units duct KA (including $50.000 if processed further)? Assuming that joint product costs are...
Ise 11-51 (Algo) Physical Quantitles Method (LO 11-8) llowing questions relate to Kyle Company, which manufactures...
Ise 11-51 (Algo) Physical Quantitles Method (LO 11-8) llowing questions relate to Kyle Company, which manufactures products KA, KB. $193,000. Additional information follows If Processed Further Sales Value at Split-off $244,eee 213,see 152,see Units oduct Produced 84,5ee 59,15e 25,35e Additional Costs $50,eee 41, eee 32, еее Sales Values $35e, eee 27e, eee 23е, eeе qulred: Assuming that joint product costs are allocated using the physical quantities (units oduct KA (including $50.000 if processed further)? Assuming that joint product costs are...
Butterfly Corp. manufactures products M1 and M2 from a joint process, which also yields a by-product,...
Butterfly Corp. manufactures products M1 and M2 from a joint process, which also yields a by-product, B1. Butterfly accounts for the revenues from its by-product sales as other income. Additional information follows: M2 M1 22,500 Units produced Allocated joint costs Sales value at split- off B1 13,500 9,000 ? $280,000 $100,000 Total 45,000 $400,000 $800,000 $420,000 Required: Assuming that joint product costs are allocated using the net realizable value at split-off approach, what was the joint cost allocated to product...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $330,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product Selling Price Quarterly Output A $ 16.00 per pound 12,200 pounds B $ 10.00 per...
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $191,000. Additional Information follow Sales Value at Product Units Produced Sales Values Additional Costs 62.000 20,000 230,000 170,000 200,000 200,000 32,000 After the publication of recent scientific test results, the government has banned the sale of product KCF KC is produced, it must be disposed on an approved way that costs $1.000 for every 25.000 unts produced Required:...
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $189,000. Additional information follows. Units Product Produced 84,000 KB 60,000 KC 24,000 If Processed Further Sales Additional Values Costs $330,000 $54,000 270,000 42,000 240,000 30,000 Sales Value at Split-Off $ 240,000 210,000 150,000 KA Required: a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA...
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $198,000. Additional information follows. Units Product Produced KA 83,000 58,100 KC 24,900 If Processed Further Sales Value at Split-off Sales Values Additional Costs $272,000 $320,000 $54,000 238,000 280,000 42,000 170,000 220,000 33,000 KB Required A Required B Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product...
The following questions relate to Kyle Company, which manufactures products KA KB, and KC trom a point process. Joint product costs were $189,000 Adsitional information Units Sales Value at 84,000 60,000 24,000 $ 240,000 210,000 150,000 $330,000 270,000 240,000 42,000 30,000 KC Required: a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA including $54,000 # processed tu intermediate calculations.) b. Assuming that joint product costs are...
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $197.000. Additional information follows. Units Sales Value at Product Produced Split-Off KA 82,500 $ 256,eee 57,750 224,000 24,750 160,000 If Processed Further Sales Additional Values Costs $350, eee $49, eee 290,00 44, 230,000 32,000 Required: a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA...
Ise 11-51 (Algo) Physical Quantities Method (LO 11-8) llowing questions relate to Kyle Company, which manufactures products KA, KB. $193,000. Additional information follows. If Processed further Sales Value at Split-Off $244, eee Units oduct Produced 84, see 59,15€ 25,350 Sales Values Additional Costs $350,000 $50, eee 270,eee 41,eee 239, eee 32, eee 213,500 152,589 quired: Assuming that joint product costs are allocated using the physical quantities (units duct KA (including $50.000 if processed further)? Assuming that joint product costs are...
Ise 11-51 (Algo) Physical Quantitles Method (LO 11-8) llowing questions relate to Kyle Company, which manufactures products KA, KB. $193,000. Additional information follows If Processed Further Sales Value at Split-off $244,eee 213,see 152,see Units oduct Produced 84,5ee 59,15e 25,35e Additional Costs $50,eee 41, eee 32, еее Sales Values $35e, eee 27e, eee 23е, eeе qulred: Assuming that joint product costs are allocated using the physical quantities (units oduct KA (including $50.000 if processed further)? Assuming that joint product costs are...
Butterfly Corp. manufactures products M1 and M2 from a joint process, which also yields a by-product, B1. Butterfly accounts for the revenues from its by-product sales as other income. Additional information follows: M2 M1 22,500 Units produced Allocated joint costs Sales value at split- off B1 13,500 9,000 ? $280,000 $100,000 Total 45,000 $400,000 $800,000 $420,000 Required: Assuming that joint product costs are allocated using the net realizable value at split-off approach, what was the joint cost allocated to product...
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