The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Jointproduct costs were $193,000. Additional information follows.If Processed FurtherUnitsSales Value atSplit-Off$264,000231,000165,000Product ProducedSales Values Additional Costs80,50056,35024,150$310,000270,000240,000$54,00045,00035,000КАKBKCRequired:a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was thetotal cost of product KÁ (including $54,000 if processed further) ?b. Assuming that joint product costs are allocated using the sales value at split-off (net realizable value method), what wasthe total cost of product KB (including the $45,000 if processed further)?

Differential Analysis: Differential analysis refers to the analysis of differential revenue that…

a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KÁ (including $54,000 if processed further)? b. Assuming that joint product costs are allocated using the sales value at split-off (net realizable value method), what was the total cost of product KB (including the $45,000 if processed further)?

a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KÁ (including $54,000 if processed further)? b. Assuming that joint product costs are allocated using the sales value at split-off (net realizable value method), what was the total cost of product KB (including the $45,000 if processed further)?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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