60. Alphabet Company manufactures Products A and B from a joint process that also yields a by-product, X. Alphabet accounts for the revenues from its by-product sales as a deduction from the cost of goods sold of its main products. Additional information is as follows:a. 136,540b. 79,200c. 88,000d. 86,591 ABTotalUnits produced .15,0009,0006,00030,000Joint costs..k64,000Market value at split-off. 290,000150,00010,000450,000Assuming that joint product costs are allocated using the market value at the split-offapproach, the joint cost allocated to Product B would be:XI

Joint costs are those costs which are incurred on two or more than two products simultaneoulsy and…

d B from a joint process that also yields a by-product, X. Alphabet accounts for the revenues from its by-product sales as a deduction from the cost of goods sold of its main products. Additional information is as follows: a. 136,540

d B from a joint process that also yields a by-product, X. Alphabet accounts for the revenues from its by-product sales as a deduction from the cost of goods sold of its main products. Additional information is as follows: a. 136,540

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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Question

60. Alphabet Company manufactures Products A and B from a joint process that also yields a by-product, X. Alphabet accounts for the revenues from its by-product sales as a deduction from the cost of goods sold of its main products. Additional information is as follows:

a. 136,540

b. 79,200

c. 88,000

d. 86,591

A
B
Total
Units produced .
15,000
9,000
6,000
30,000
Joint costs..
k64,000
Market value at split-off. 290,000
150,000
10,000
450,000
Assuming that joint product costs are allocated using the market value at the split-off
approach, the joint cost allocated to Product B would be:
XI

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