Question

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		21,000			19,000			26,000			66,000
Price (after addt’l processing)	$	70		$	55		$	80
Separable Processing cost	$	427,000		$	174,000		$	255,000		$	856,000
Units Produced		21,000			19,000			26,000			66,000
Total Joint Cost										$	3,500,000
Sales Price at Split-off	$	10		$	20		$	40

The amount of joint costs allocated to product DBB-1 using the net realizable value method is (calculate all ratios and percentages to 2 decimal places, for example 33.33%, and round all dollar amounts to the nearest whole dollar):

• $1,113,700.

• $815,150.

• $976,500.

• $1,708,350.

• $746,250.

Answer 1

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