Stulce Inc. produces joint products A, B, and C from a joint process. Information concerning a batch
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Question:
A | B | C | Total | |
Units Sold | 2,500 | 4,000 | 1,500 | 8,000 |
Price (after addt’l processing) | $35 | $22 | $15 | |
Separable Processing cost | $35,000 | $12,000 | $16,000 | $63,000 |
Units Produced | 2,500 | 4,000 | 1,500 | 8,000 |
Total Joint Cost | $120,000 | |||
Sales Price at Split-off | $25 | $12 | $13 |
Required:
(Calculate all ratios, percentages, and unit costs to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar.):
1. Allocate the joint costs to the joint products using the physical measure method.
2. Allocate the joint costs to the joint products using the net realizable method.
Related Book For
Elementary Statistics Picturing the World
ISBN: 978-0321911216
6th edition
Authors: Ron Larson, Betsy Farber
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