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...
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...
Tango Company produces joint products M, N, and T from a joint
process. This information concerns...
Tango Company produces joint products M, N, and T from a joint
process. This information concerns a batch produced in April at a
joint cost of $130,000: After Split-Off Product Units Produced and
Sold Total Separable Costs Total Final Sales Value M 11,000 $
10,000 $ 170,000 N 5,000 9,200 150,000 T 6,000 7,800 27,000
Required: How much of the joint cost should be allocated to each
joint product using the net realizable value method? (Do not round
intermediate calculations....
Christiansen Corporation manufactures joint products W and X.
During a recent period, joint costs amounted to...
Christiansen Corporation manufactures joint products W and X.
During a recent period, joint costs amounted to $450,000 in the
production of 20,000 gallons of W and 50,000 gallons of X. Both
products will be processed beyond the split-off point, giving rise
to the following data:
W
X
Separable processing
costs
$40,000
$160,000
Sales price (per
gallon) if processed beyond split-of
$15
$13
The joint cost allocated to X under the net-realizable-value
method would be: (Do not round your intermediate...
Christiansen Corporation manufactures joint products W and X.
During a recent period, joint costs amounted to...
Christiansen Corporation manufactures joint products W and X.
During a recent period, joint costs amounted to $450,000 in the
production of 20,000 gallons of W and 50,000 gallons of X. Both
products will be processed beyond the split-off point, giving rise
to the following data:
W
X
Separable processing
costs
$40,000
$160,000
Sales price (per
gallon) if processed beyond split-of
$15
$13
The joint cost allocated to W under the net-realizable-value
method would be: (Do not round your intermediate...
Deming & Sons manufactures four grades of lubricant, W-10,
W-20, W-30, and W-40, from a joint...
Deming & Sons manufactures four grades of lubricant, W-10,
W-20, W-30, and W-40, from a joint process. Additional information
follows:
If Processed Further
Product
Units Produced
Sales Value at Split-Off
Additional Costs
Sales Values
W-10
43,400
$
260,000
$
27,800
$
283,000
W-20
31,000
223,000
22,300
260,000
W-30
24,800
149,000
14,900
186,000
W-40
24,800
112,000
9,300
124,000
124,000
$
744,000
$
74,300
$
853,000
Required:
Assuming that total joint costs of $297,600 were allocated using
the physical quantities method, what...
Deming & Sons manufactures four grades of lubricant, W-10,
W-20, W-30, and W-40, from a joint...
Deming & Sons manufactures four grades of lubricant, W-10,
W-20, W-30, and W-40, from a joint process. Additional information
follows.
If
Processed Further
Product
Units
Produced
Sales Value at Split-Off
Additional Costs
Sales Values
W-10
56,000
$
336,000
$
36,000
$
366,000
W-20
40,000
288,000
28,800
336,000
W-30
32,000
192,000
19,200
240,000
W-40
32,000
144,000
12,000
160,000
160,000
$
960,000
$
96,000
$
1,102,000
Required:
Assuming that total joint costs of $384,000 were allocated using
the physical quantities method, what...
Allocating Joint Costs Using the Net Realizable Value Method
A company manufactures three products, L-Ten, Triol,...
Allocating Joint Costs Using the Net Realizable Value Method
A company manufactures three products, L-Ten, Triol, and Pioze,
from a joint process. Each production run costs $12,000. None of
the products can be sold at split-off, but must be processed
further. Information on one batch of the three products is as
follows:
Product
Gallons
Further Processing
Cost per Gallon
Eventual Market
Price per Gallon
L-Ten
3,000
$0.60
$2.20
Triol
3,500
0.90
4.90
Pioze
2,200
1.60
6.90...
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 $190,000. Additional information follows: If
Processed Further Product Units Produced Sales Value at Split-Off
Sales Values Additional Costs KA 85,000 $ 250,000 $ 340,000 $
55,000 KB 61,000 220,000 280,000 43,000 KC 25,000 160,000 250,000
31,000 After the publication of recent scientific test results, the
government has banned the sale of product KC. IF KC is produced, it...
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...