Allison, Inc., produces two products, X and Y, in a single joint process. Last month the joint costs were $75,000 when 10,000 units of Product X and 15,000 units of Product Y were produced. Addi-tional processing costs were $15,000 for Product X and $10,000 for Product Y. Product X sells for $10, and Product Y sells for $5. The joint cost allocations to Products X and Y using the net realizable value method would be: Group of answer choices $42,500 $32,500 $30,000 $45,000 $42,857 $32,143 $45,000 $30,000 none of the above. Flag question: Question 2 Question 23 pts The joint cost allocations to Products X and Y using the physical units method would be: Group of answer choices $30,000 $45,000 $42,500 $32,500 $42,857 $32,143 $45,000 $30,000 none of the above. Flag question: Question 3 Question 33 pts The joint cost allocations to Products X and Y using the constant gross margin percentage method would be: Group of answer choices $42,143 $32,857 $30,000 $45,000 $42,500 $32,500 $45,000 $30,000 none of the above
Allison, Inc., produces two products, X and Y, in a single joint process. Last month the joint costs were $75,000 when 10,000 units of Product X and 15,000 units of Product Y were produced. Addi-tional processing costs were $15,000 for Product X and $10,000 for Product Y. Product X sells for $10, and Product Y sells for $5. The joint cost allocations to Products X and Y using the net realizable value method would be: Group of answer choices $42,500 $32,500 $30,000 $45,000 $42,857 $32,143 $45,000 $30,000 none of the above. Flag question: Question 2 Question 23 pts The joint cost allocations to Products X and Y using the physical units method would be: Group of answer choices $30,000 $45,000 $42,500 $32,500 $42,857 $32,143 $45,000 $30,000 none of the above. Flag question: Question 3 Question 33 pts The joint cost allocations to Products X and Y using the constant gross margin percentage method would be: Group of answer choices $42,143 $32,857 $30,000 $45,000 $42,500 $32,500 $45,000 $30,000 none of the above
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Allison, Inc., produces two products, X and Y, in a single joint process. Last month the joint costs were $75,000 when 10,000 units of Product X and 15,000 units of Product Y were produced. Addi-tional
- The joint cost allocations to Products X and Y using the net realizable value method would be:
Group of answer choices
$42,500 $32,500
$30,000 $45,000
$42,857 $32,143
$45,000 $30,000
none of the above.
Flag question: Question 2
Question 23 pts
The joint cost allocations to Products X and Y using the physical units method would be:
Group of answer choices
$30,000 $45,000
$42,500 $32,500
$42,857 $32,143
$45,000 $30,000
none of the above.
Flag question: Question 3
Question 33 pts
The joint cost allocations to Products X and Y using the constant gross margin percentage method would be:
Group of answer choices
$42,143 $32,857
$30,000 $45,000
$42,500 $32,500
$45,000 $30,000
none of the above
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