The Oxnard Corporation processes a liquid component up to the splitoff point where two products, Mr....
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The Oxnard Corporation processes a liquid component up to the splitoff point where two products, Mr. DirtOut and Mr. SinkClean, are produced and sold. There was no beginning inventory. The following material was collected for the month of January: Direct materials processed: 250,000 litres (242,500 litres of good product) Production: Sales: Mr. DirtOut Mr. SinkClean Required: a. Mr. DirtOut Mr. SinkClean 147,500 litres 95,000 litres 140,500 at $110 per litre 91,000 at $100 per litre The cost of purchasing 250,000 litres of direct materials and processing it up to the split off point to yield a total of 242,500 litres of good product was $380,000. What are the physical volume proportions to allocate joint costs for Mr. DirtOut and Mr. SinkClean, respectively? b. When using a physical volume measure, what is the approximate amount of joint costs that will be allocated to Mr. DirtOut and Mr. SinkClean? C. When using the physical measures method, what is Mr. DirtOut's approximate production cost 958 per unit? O 2002 100% The Oxnard Corporation processes a liquid component up to the splitoff point where two products, Mr. DirtOut and Mr. SinkClean, are produced and sold. There was no beginning inventory. The following material was collected for the month of January: Direct materials processed: 250,000 litres (242,500 litres of good product) Production: Sales: Mr. DirtOut Mr. SinkClean Required: a. Mr. DirtOut Mr. SinkClean 147,500 litres 95,000 litres 140,500 at $110 per litre 91,000 at $100 per litre The cost of purchasing 250,000 litres of direct materials and processing it up to the split off point to yield a total of 242,500 litres of good product was $380,000. What are the physical volume proportions to allocate joint costs for Mr. DirtOut and Mr. SinkClean, respectively? b. When using a physical volume measure, what is the approximate amount of joint costs that will be allocated to Mr. DirtOut and Mr. SinkClean? C. When using the physical measures method, what is Mr. DirtOut's approximate production cost 958 per unit? O 2002 100%
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Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133428704
15th edition
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
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