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.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Please find below table useful to compute desired results: -

End results would be as follows: -

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The Herman Company uses a joint process to produce products W, X, Y and Z. Each...
The Herman Company uses a joint process to produce products W, X, Y and Z. Each product may be sold at its split-off point or processed further. Joint processing costs for a single batch of joint products are $32,500. Other relevant data are as follows: Product Sales Value at Split-Off Additional Costs of Processing Sales Value of Final Product W $7,500 $9,000 $ 22,500 X 13,500 7,500 20,000 Y 9,000 12,500 15,000 Z 6,500 5,500     12,500 $36,500 $34,500 $70,000...
Bowen Company makes two products from a joint production process. Each product may be sold at...
Bowen Company makes two products from a joint production process. Each product may be sold at the split-off point or processed further. Information concerning these products for last year appears below: Product X Product Y Allocated joint costs .................... $25,000 $17,000 Sales value after further processing ..... $47,000 $41,000 Sales value at the split-off point ....... $29,000 $23,000 Additional processing costs .............. $19,000 $15,000 Assume Bowen Company makes all the correct sell or process further decisions. Calculate the net income...
CMA, adapted) Berger Company manufactures products Delta, Kappa, and Omega from a joint process. Production, sales,...
CMA, adapted) Berger Company manufactures products Delta, Kappa, and Omega from a joint process. Production, sales, and cost data for July follow. ■ Problem 17–30 Joint Cost Allocation; Missing Data (LO 17-4) 1. Omega, joint cost allocation: $9,000 3. Kappa, net realizable value: $20,000 Delta Kappa Omega Total Units produced ......................................................................................................... 4,000 2,000 1,000 7,000 Joint cost allocation ................................................................................................. $36,000 ? ? $ 60,000 Sales value at split-off .............................................................................................. ? ? $15,000 $100,000 Additional costs if processed further ....................................................................... $...
Bowen Company makes two products from a joint production process. Each product may be sold at...
Bowen Company makes two products from a joint production process. Each product may be sold at the split-off point or processed further and then sold. Information concerning these products for last year is given below: Product X Product Y Allocated joint costs .................... $25,000 $19,000 Sales value after further processing ..... $41,000 $47,000 Sales value at the split-off point ....... $28,000 $23,000 Additional processing costs .............. $16,000 $19,000 Assume that Bowen Company makes all the correct sell or process further...
Profit from Processing Further Deaton Corporation manufactures products A, B, and C from a joint process....
Profit from Processing Further Deaton Corporation manufactures products A, B, and C from a joint process. Joint costs are allocated on the basis of relative sales value of the products at the split-off point. Additional information for Deaton Corporation follows: A B C Total Units produced 13,700 9,700 5,700 29,100 Joint costs $ 161,000 $ 77,000 $ 90,900 $ 328,900 Sales value before additional processing 257,000 117,000 77,000 451,000 Additional costs for further processing 36,500 37,000 29,000 102,500 Sales value...
The following information relates to a joint production process for three products, with a total joint...
The following information relates to a joint production process for three products, with a total joint production cost of $105,000. There are no separable processing costs for any of the three products. Product Sales Value at Split-Off Units at Split-Off 1 $ 126,000 200     2 52,500 600 3 31,500 1,200 $ 210,000 2,000 What percentage of joint cost is allocated to each of the three products using the physical units method? Product Percent of Sales Units 1% 2% 3%
Part A: Marin Products produces three products — DBB-1, DBB-2, and DBB-3 from a joint process....
Part A: Marin Products produces three products — DBB-1, DBB-2, and DBB-3 from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Key information about Marin's production, sales, and costs follows. DBB-1 DBB-2 DBB-3 Total Units Sold 14,000 22,000 30,000 66,000 Price (after addt’l processing) $ 85 $ 70 $ 95 Separable Processing...
Product X and Y are made from a common input. Joint processing costs up to the...
Product X and Y are made from a common input. Joint processing costs up to the split-off point total $46,400 a year. The company allocates these costs to the joint products on the basis of their total sales values at the split-off point. Each product may be sold at the split-off point or processed further. Data concerning these products appear below: Product X Product Y Total Allocated joint processing costs $ 18,200 $ 28,200 $ 46,400 Sales value at split-off...
A company manufactures three products using the same production process. The costs incurred up to the...
A company manufactures three products using the same production process. The costs incurred up to the split-off point are $200,000. These costs are allocated to the products on the basis of their sales value at the split-off point. The number of units produced, the selling prices per unit of the three products at the split-off point and after further processing, and the additional processing costs are as follows. Product Number of Units Produced Selling Price at Split-Off Selling Price after...
Bowen Company produces products P, Q, and R from a joint production process. Each product may...
Bowen Company produces products P, Q, and R from a joint production process. Each product may be sold at the split-off point or be processed further. Joint production costs of $81,000 per year are allocated to the products based on the relative number of units produced. Data for Bowen's operations for the current year are as follows:            Product Units Produced Allocated Joint Sales Value Sales Value at Split-off P 4,000 $28,000 $38,000 Q 7,000 49,000 47,000 R 2,000 14,000...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT