Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a...
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Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $85,000 was as follows: L M N Total $ 43,000 Separable Processing cost $ 5,000 $ 11,000 1,600 $ 64,000 $ 27,000 3,500 Units Produced 4,700 9,800 Sales Value (after additional processing) $ 55,000 $ 13,000 $ 132,000 The amount of joint costs allocated to product L using the net realizable value method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): O O O о O $6,566. $7,640. $26,742. $37,177. $50,618. Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $85,000 was as follows: L M N Total $ 43,000 Separable Processing cost $ 5,000 $ 11,000 1,600 $ 64,000 $ 27,000 3,500 Units Produced 4,700 9,800 Sales Value (after additional processing) $ 55,000 $ 13,000 $ 132,000 The amount of joint costs allocated to product L using the net realizable value method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): O O O о O $6,566. $7,640. $26,742. $37,177. $50,618.
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Answer Option 50618 is correct L Sales Value 64000 Separa... View the full answer
Related Book For
Cost Management Measuring, Monitoring and Motivating Performance
ISBN: 978-1119185697
3rd Canadian edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott, Liang Hsuan Chen, Gail Cook
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