Split Company produces three products - X, Y, and Z-from a joint process. Each product may...
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Split Company produces three products - X, Y, and Z-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. Last year all three products were processed beyond split-off. Joint production costs for the year were $152,000. Sales values and costs needed to evaluate Split's production policy follow. If Processed Further Units Produced Sales Value at Split Off Product Sales Value $ 120,000 Additional Costs $ 9,200 x 10,000 $ 48,000 k y 5,000 64,000 19,000 39,000 48,000 Z 10,000 62,000 25,500 The amount of joint costs allocated to product Y 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 O о $12,000. $32,000. $36,000. $48,000. $72,000. Split Company produces three products - X, Y, and Z-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. Last year all three products were processed beyond split-off. Joint production costs for the year were $152,000. Sales values and costs needed to evaluate Split's production policy follow. If Processed Further Units Produced Sales Value at Split Off Product Sales Value $ 120,000 Additional Costs $ 9,200 x 10,000 $ 48,000 k y 5,000 64,000 19,000 39,000 48,000 Z 10,000 62,000 25,500 The amount of joint costs allocated to product Y 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 O о $12,000. $32,000. $36,000. $48,000. $72,000.
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Joint cost 152000 Net realizable value final sales value additional processing cost Product X net ... View the full answer
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
Posted Date:
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