Alsalam Company has a joint production costs of $ 280,000 and it has three products A, B and C. The sales value of total production of product A is 100,000 and for product B is 50,000 and for product C is 100,000. Using sales values at split of point, joint costs allocated for product B is: O a. $56,000 O b. $50,000 O c. $250,000 O d. $93,333.33
Q: Bart corporation manufactures Products A and B from a joint process. Market value at split off was…
A: Total Joint cost=Joint cost allocated to A+Joint cost allocated to B
Q: BSBA Company produced joint products M. N and O from same raw materials with total joint costs…
A: Since there are multiple questions, we will answer only the first question. If you want the…
Q: Calcion Industries produces two joint products, Y and Z. Prior to the split-off point, the company…
A: Joint cost of production is $29,000 Product Y weighs 20 pounds product Z weighs 80 pounds roduct Y…
Q: Denver Fabricators manufactures products DF1 and DF2 from a joint process, which also yields a…
A: . Calculate Total NRV:Total NRV = Total Sales Value at Split-Off - Separable Costs (if any)Since…
Q: Tango Company produces joint products M, N, and T from a joint process. This information concerns a…
A: Joint cost means the cost which is incurred jointly on all the products and can't be determined…
Q: BSBA Company produced joint products M. N and O from same raw materials with total joint costs…
A: The physical output method: Under this method, the common cost of Joint Products is allocated on the…
Q: Dorsey Company manufactures three products from a common input in a joint processing operation.…
A: Incremental Analysis :— This analysis shows the comparison between two different alternatives. A…
Q: Company produced joint products M, N and O from same raw materials with total joint costs P35,000.…
A: Total units = Units of Product M + Units of Product N + Units of Product O = 1,500…
Q: Wildhorseuses DM of $47,000 and incurs DL and MOH costs of $55,000 and $27,000, respectively, in a…
A: Joint costs means the costs incurred in producing multiple products simultaneously from the same raw…
Q: Dorsey Company manufactures three products from a common input in a joint processing operation.…
A: Joint cost means the cost incurred to produce more than one units and then joint cost need to be…
Q: Dorsey Company manufactures three products from a common input in a joint processing operation.…
A: Incremental Analysis :— This analysis shows the comparison between two different alternatives. A…
Q: loint costs were allocated using the net realizable value method at the split-off point. The joint…
A: The question is based on the concept of Cost Accounting.
Q: Dorsey Company manufactures three products from a common input in a joint processing operation.…
A: Part 2: Explanation:To determine the financial advantage or disadvantage of further processing each…
Q: TAC Inc., produces two products – Tics and Toes, from one process. The joint processing costs of…
A: Relative sales value method or Sales value at split off point method can be used when every product…
Q: Jean Company produces four products, which have a manufacturing cost of 672,000 at the split off…
A: The question is related to Allocation of joint cost.
Q: Alvarez Company makes three joint products, products A, B, and C. For each batch, the materials cost…
A: Joint costing system is used when more than one product is being manufactured by same manufacturing…
Q: Company manufactures three products from a common input in a joint processing operation. Joint…
A: The joint cost can be referred to as a cost which benefits more than one product and therefore…
Q: Calculate earned revenues Kirkland Theater sells season tickets for six events at a price of $240.…
A: Revenue is the amount that a company earns from normal activities conducted by the business for…
Q: Tonic Company manufactures products X and Y from a joint process. The market value at split-off was…
A: Joint cost means the cost incurred to produce more than one units and then joint cost need to be…
Q: Company manufactures three main products, A, B, and C from joint process. Additional data for May…
A: Joint cost is the cost incurred when the two or more products are in the process of production…
Q: Check m Dorsey Company manufactures three products from a common input in a joint processing…
A: Incremental Analysis :— This analysis shows the comparison between two different alternatives. A…
Q: Dorsey Company manufactures three products from a common input in a joint processing operation.…
A: Joint cost means the cost incurred to produce more than one units and then joint cost need to be…
Q: Ilang Ilang Company manufactures Product A and B from a joint process which yield a by-product.…
A: Formula: Joint Costs allocated to Product B = [ Sales value at split off Product B / ( Total sales…
Q: Firm X has a production process that has a total joint cost of $14,000. At the split-off point,…
A: The products that are produced through a similar production/manufacturing process are known as the…
Q: Dorsey Company manufactures three products from a common input in a joint processing operation.…
A: Process costing is an accounting technique typically used by companies that produce identical or…
Q: Calcion Industries produces two joint products, Y and Z. Prior to the split-off point, the company…
A: working notes : Product Y allocation =$35,000/(30 +70 ) * 30 =$10,500 Product Z…
Q: Company manufactures three products from a common input in a joint processing operation Joint…
A: The decision of further processing of joint products is based in incremental analysis. If the…
Q: Denver Fabricators manufactures products DF1 and DF2 from a joint process, which also yields a…
A: By using byproducts to offset costs associated with trash disposal or raw material procurement,…
Q: Bulldog Canyon Manufacturing produces three products from a joint process. The following information…
A: Joint cost allocated to BDC-4 = Sales of Product BDC-4 / Total Sales * Total Joint Cost
Q: Calcion Industries produces two joint products, Y and Z. Prior to the split-off point, the company…
A: Allocated joint cost refers to the process of assigning common costs incurred in producing multiple…
Q: please help me with this question
A: Definition of Joint Processing and Split-off Point:In a joint process of production, one input…
Q: Ben corporation manufactures Products A and B from a joint process. Market value at split off was…
A: Total sales value = Market value at split off of A + Market value at split off of B = Php 700,000 +…
Q: Product A $77,000 Product B 82,000 Product C 32,000 Management is considering processing…
A: Total joint cost=Direct material + direct labour + overhead =49000+59000+64000 =$172000 Total…
Q: Tango Company produces joint products M, N, and T from a joint process. This information concerns a…
A: Joint cost is the cost that is incurred in the manufacturing of two or more joint products. The…
Q: BSBA Company produced two joint products A and B. and by-products C and D from the same raw…
A: Joint cost means the cost incurred to produce more than one units and then joint cost need to be…
Q: Tango Company produces joint products M, N, and T from a joint process. This information concerns a…
A: Joint cost is the cost that is incurred in the manufacturing of two or more joint products. The…
Q: Dorsey Company manufactures three products from a common input in a joint processing operation.…
A: Part 1 Computation of net income at split-off point Product A Product B Product C Total…
Q: Calcion Industries produces two joint products, Y and Z. Prior to the split-off point, the company…
A:
Q: Company produced joint products M, N and O from same raw materials with total joint costs P35,000.…
A:
Q: Longwood Corporation processes a liquid into three outputs: K-2, K-4, and K-5. The sales value of…
A: Joint cost means the cost incurred to produce more than one units and then joint cost need to be…
Q: Joint costs of $8,000 are incurred to process X and Y. Upon splitoff, $4,000 and $6,000 in costs are…
A: Further processing of a joint product depends on the incremental revenue after further processing.…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- BSBA Company produced two joint products A and B, and by-products C and D from the same raw materials with joint costs P200,000, Other information are as follows: Units produced (20.000; 30,000; 5.000 and 5.000): Unit sold (18.000; 25,000: 5,000 and 5.000): Final unit selling prices (P25.00: P20.00; P2.00 and P1.50): Further processing costs (P150,000: P210,00O; P5,000 and P4,000): Selling and Administrative expenses (P15.000; P21,000; P500 and P400): Desired profit on C and D (P2.000 and P1.500). If the entity uses average unit costs method in joint products and the reversal costs method in by products, what is the total unit cost of Product B?* P10.42 P10.49 P10.92 P11.00Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $365,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product A B C Selling Price $23.00 per pound $17.00 per pound $29.00 per gallon Product A B C Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unit selling prices after further processing are given below: Additional Processing Costs $78,540 $ 113,230 $50,560 Quarterly Output 13,600 pounds 21,200 pounds 4,800 gallons Required: 1. What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point? 2. Based on your…Company produced joint products M, N and O from same raw materials with total joint costs P35,000. Other data are as follows: Quantity Produced in units (1,500; 2,500; 1,000); Unit Market value at split-off (P6; P10; P8); Final unit selling price (P10, P12, P15); Additional costs after split off (P3,000; P2,000; P5,000); Quantity Sold (1,200; 2,000; 800). Using the average unit cost method, what is the unit cost of Product M? P 7.80 P12.00 P 9.00 P 7.00
- Company produced joint products M, N and O from same raw materials with total joint costs P35,000. Other data are as follows: Quantity Produced in units (1,500; 2,500; 1,000); Unit Market value at split-off (P6; P10; P8); Final unit selling price (P10, P12, P15); Additional costs after split off (P3,000; P2,000; P5,000); Quantity Sold (1,200; 2,000; 800). Using the market value at split-off method, what is the unit cost of Product O? P11.67 P 9.13 P 7.00 P 7.80After allocating the joint process costs to its two joint products, Allomar Co. reports gross margin percentages of 30% for Product A and 40% for Product B. Sales reported for each product were $25,000 for Product A and $60,000 for Product B. Neither of the two products were processed beyond the split-off point. Calculate the total amount of joint costs assigned between the two products. Allocated joint costs Product A Product B Assuming Allomar used the physical quantities method to allocate the joint costs, what percentage of the total production volume did Product B represent? (Round answer to 2 decimal places, e.g. 15.25%.) Proportion of joint costs assigned to product B %Atkinson, Inc., manufactures products A, B, and C from a common process. Joint costs were $154,680. Additional information is as follows: If Processed Further Product UnitsProduced Sales Value at Split-Off Sales Value Additional Costs A 7,110 $ 46,660 $ 64,435 $ 4,740 B 8,150 70,905 91,280 12,225 C 4,075 48,900 61,125 16,300 19,335 $ 166,465 $ 216,840 $ 33,265 Assuming that joint product costs are allocated using the net realizable value method, what were the total costs assigned to Product B? Multiple Choice $78,110. $77,906. $77,110. $79,396.
- company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $75,000 per quarter. The company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product Selling Price Quarterly Output 10,000 pounds A 4 per pound B 7 per pound 22,000 pounds 5,000 gallons 12 per gallon Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unit selling prices after further processing are given below: Additional Processing Costs Product Selling Price A $ $ 53,000 38,000 B $ $ с $ 18,000 $ Which products should be processed further? 7 per pound 11 per pound 18 per gallonTango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost of $190,000: Product Units Produced and Sold After Split-Off Total Separable Costs Total Final Sales Value M 17,000 $ 18,800 $ 230,000 N 11,000 16,400 210,000 T 12,000 3,800 39,000 Required: How much of the joint cost should be allocated to each joint product using the net realizable value method?BSBA Company produced two joint products A and B, and by-products C and D from the same raw materials with joint costs P200.000. Other information are as follows: Units produced (20,000: 30.000: 5.000 and 5,000): Unit sold (18,000; 25.000; 5,000 and 5,000): Final unit selling prices (P25.00; P20.00: P2.00 and P1.50); Further processing costs (P150.000: P210.000: P5,000 and P4,000); Selling and Administrative expenses (P15,000: P21.000: P500 and P400): Desired profit on C and D (P2.000 and P1.500). If the entity uses average unit costs method in joint products, the reversal costs method in by products and there are no inventory on hand, what is the total net profit? P432,836 O P438,300 P438,589 P439,026
- Y Company produces two joint products: Sweet and Sour. Joint cost is allocated using the net realizable value method at split-off point. Joint production cost is $70,000. Neither product is salable at split-off point. During May, the additional costs incurred beyond split-off point are as follows: Sweet $ 32,000 Sour $ 48,000 Production: Sweet: 3,200 units Sour: 1,600 units Selling prices: Sweet: $50.00 per unit Sour: $ 90.00 per unit What is the amount of joint cost allocated to Sweet and Sour using the NRV Method at split-off point. (Must show calculations or no credit) Joint cost allocated to Sweet: $_____________________________ Joint cost allocated to Sour:…Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $370,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products based on their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product Selling Price Quarterly Output A $ 24.00 per pound 13,800 pounds B $ 18.00 per pound 21,500 pounds C $ 30.00 per gallon 5,000 gallons Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unit selling prices after further processing are given below: Product Additional Processing Costs Selling Price A $ 81,150 $ 29.50 per pound B $ 117,125 $ 24.50 per pound C $ 52,900 $ 38.50 per gallon Required: What is the financial advantage (disadvantage)…After allocating the joint process costs to its two joint products, Waterway Co. reports gross margin percentages of 25% for Product A and 35% for Product B. Sales reported for each product were $23,000 for Product A and $65,000 for Product B. Neither of the two products were processed beyond the split-off point. Calculate the total amount of joint costs assigned between the two products. Product A Allocated joint costs $ 17,250 Product B 42.250 Assuming Waterway used the physical quantities method to allocate the joint costs, what percentage of the total production volume did Product B represent? (Round answer to 2 decimal places, e.g. 15.25%.) Proportion of joint costs assigned to product B 71.01 %