TB MC Qu. 11-82 (Algo) Atkinson, Incorporated, manufactures products A, B, and C...Atkinson, Incorporated, manufactures products A, B, and C from a common process. Joint costs were $141,900. Additional information is as follows:If Processed FurtherAdditionalProduct Units ProducedABC5,7006,9503,47516,125Sales Value atSplit-OffSales Value$ 38,20060,46541,700$ 52,45077,84052,125Costs$ 3,80010,42513,900$ 140,365$ 182,415$ 28,125Assuming that joint production costs are allocated using the physical quantities method (units produced), what were the costs allocated to Product A?Note: Do not round intermediate calculations.

The joint costs refers to the cost incurred in the production of two or more products and the cost…

Atkinson, Incorporated, manufactures products A, B, and C from a common process. Joint costs were $141,900. Additional information is as follows: If Processed Further Additional Costs Sales Value at Product Units Produced ABC A 5,700 B 6,950 с 3,475 Split-Off $ 38,200 60,465 41,700 Sales Value $ 52,450 77,840 52,125 $ 3,800 10,425 13,900 16,125 $ 140,365 $ 182,415 $ 28,125 Assuming that joint production costs are allocated using the physical quantities method (units produced), what were the costs allocated to Product A? Note: Do not round intermediate calculations.

Atkinson, Incorporated, manufactures products A, B, and C from a common process. Joint costs were $141,900. Additional information is as follows: If Processed Further Additional Costs Sales Value at Product Units Produced ABC A 5,700 B 6,950 с 3,475 Split-Off $ 38,200 60,465 41,700 Sales Value $ 52,450 77,840 52,125 $ 3,800 10,425 13,900 16,125 $ 140,365 $ 182,415 $ 28,125 Assuming that joint production costs are allocated using the physical quantities method (units produced), what were the costs allocated to Product A? Note: Do not round intermediate calculations.

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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