Berger Company manufactures products Delta, Kappa, and Omega from a joint process. Production, sales, and cost data
Fantastic news! We've Found the answer you've been seeking!
Question:
Berger Company manufactures products Delta, Kappa, and Omega from a joint process. Production, sales, and cost data for July follow.
Delta | Kappa | Omega | Total | |||||||||
Units produced | 4,400 | 2,240 | 1,160 | 7,800 | ||||||||
Joint cost allocation | $ | 43,200 | ? | ? | $ | 68,000 | ||||||
Sales value at split-off | ? | ? | $ | 18,000 | $ | 120,000 | ||||||
Additional costs if processed further | $ | 7,400 | $ | 5,400 | $ | 3,400 | $ | 16,200 | ||||
Sales value if processed further | $ | 90,000 | $ | 35,000 | $ | 30,000 | $ | 155,000 | ||||
Problem 17-30 Part 1
Required:
1. Assuming that joint costs are allocated using the relative-sales-value method, what were the joint costs allocated to products Kappa and Omega? (Do not round intermediate calculations.)
Allocation of Joint Costs
Kappa:
Omega:
2. Assuming that joint costs are allocated using the relative-sales-value method, what was the sales value at split-off for product Delta? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)
|
Related Book For
Accounting Business Reporting for Decision Making
ISBN: 9780730302414
4th edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
Posted Date: