Question

Walman Corp. manufactures products X, Y, and Z from a joint production process. Joint costs are...

Walman Corp. manufactures products X, Y, and Z from a joint production process. Joint costs are allocated to products based on relative sales value of the products at the split-off point. Additional information is as follows:

X Y Z Total
Units produced 17,000 13,000 9,000 39,000
Allocated joint costs $ 154,980 $ 126,000 $ 100,800 $ 381,780
Sales value at split-off ? 200,000 160,000 606,000
Additional costs for further processing 47,000 39,000 28,000 114,000
Sales value if processed further 423,000 224,000 180,000 827,000

Product X’s sales value at the split-off point is:

Multiple Choice

  • $212,000.

  • $41,000.

  • $246,000.

  • $151,500.

  • $139,000.

Please show work, thanks.

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Answer #1

Please find below table useful to compute desired results: -

End results would be as follows: -

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