Joint cost allocable = 170000-3400 = $166,600
Product | Sales value at split-off point | Joint cost allocated | |
Product 1 | 85000 | 85000*166600/170000 | 83300 |
Product 2 | 85000 | 85000*166600/170000 | 83300 |
Total | 170000 | 166600 |
Please show the steps The following information relates to a joint production process for three products,...
The following information relates to a joint production process for three products, with a total joint production cost of $170,000. There are no separable processing costs for any of the three products. Sales Value Units at Product at Split-Off Split-Off $204,000 495 85,000 1, 155 51,000 1,650 $340,000 3,300 WNE Brief Exercise 7-17 [LO 7-6) What percentage of joint cost is allocated to each of the three products using the sales value at split-off method? Product Percent of Sales Value...
The following information relates to a joint production process for three products, with a total joint production cost of $100,000. There are no separable processing costs for any of the three products. Product Sales Value at Split-Off Units at Split-Off 1 $ 130,000 240 2 50,000 960 3 20,000 1,200 $ 200,000 2,400 Assume that the total sales value at the split-off point for product 1 is $50,000 instead of $130,000 and the sales value of product 3 is $2,000...
The following information relates to a joint production process for three products, with a total joint production cost of $100,000. There are no separable processing costs for any of the three products. Product Sales Value at Split-Off Units at Split-Off 1 $ 130,000 240 2 50,000 960 3 20,000 1,200 $ 200,000 2,400 Assume that the total sales value at the split-off point for product 1 is $50,000 instead of $130,000 and the sales value of product 3 is $2,000...
The following information relates to a joint production process for three products, with a total joint production cost of $135,000. There are no separable processing costs for any of the three products. Product Sales Value at Sales Split-Off $189,000 54,000 27,000 Units at Split-Off 260 780 1,560 2,600 3 $ 270,000 Assume that the total sales value at the split-off point for product 1 is $81,000 instead of $189,000 and the sales value of product 3 is $2,700 instead of...
The following information relates to a joint production process for three products, with a total joint production cost of $135,000. There are no separable processing costs for any of the three products. Product Nm Sales Value at Split-Off $189,000 54,000 27,000 $270,000 Units at Split-Off 260 780 1,560 2,600 Assume that the total sales value at the split-off point for product 1 is $81,000 instead of $189,000 and the sales value of product 3 is $2,700 instead of $27,000. Assume...
The following information relates to a joint production process for three products, with a total joint production cost of $100,000. There are no separable processing costs for any of the three products. Product Sales Value at Split-Off Units at Split-Off 1 $ 130,000 240 2 50,000 960 3 20,000 1,200 $ 200,000 2,400 Assume that the total sales value at the split-off point for product 1 is $50,000 instead of $130,000 and the sales value of product 3 is $2,000...
The following information relates to a joint production process for three products, with a total joint production cost of $155,000. There are no separable processing costs for any of the three products. Product/ Sales Value of split off Units at Split-Off 1 $ 217,000 450 2 46,500 1,050 3 46,500 1,500 $ 310,000 3,000 What percentage of joint cost is allocated to each of the three products using the sales value at split-off method? P1: %, P2: %, P3:...
The following information relates to a joint production process for three products, with a total joint production cost of $135,000. There are no separable processing costs for any of the three products. Product Sales Value at Split-Off $189,000 54,000 27,000 $270,000 Units at Split-Off 260 780 1,560 2,600 What percentage of joint cost is allocated to each of the three products using the physical units method? Product Percent of Sales Units 1 3
The following information relates to a joint production process for three products, with a total joint production cost of $100,000. There are no separable processing costs for any of the three products. Product Sales Value at Split-Off Units at Split-Off 1 $ 130,000 240 2 50,000 960 3 20,000 1,200 $ 200,000 2,400 What percentage of joint cost is allocated to each of the three products using the physical units method?
Required information [The following information applies to the questions displayed below.] The following information relates to a joint production process for three products, with a total joint production cost of $185,000. There are no separable processing costs for any of the three products. Sales Product Sales Value at Split-Off $203,500 92,500 74,000 $370,000 Units at Split-Off 540 1,080 1,980 3,600 What percentage of joint cost is allocated to each of the three products using the physical units method? Product Percent...