Data pertaining to a company's joint production for the current period follows: Quantities produced L M 225 lbs. 180 lbs. Market value at split-off point $8/lb. $15/lb. Compute the cost to be allocated to Product M for this period's $760 of joint costs if the value basis is used. a. $304. b. $456. c. $380. d. $1,544. e. $906.

Data pertaining to a company's joint production for the current period follows: Quantities produced L M 225 lbs. 180 lbs. Market value at split-off point $8/lb. $15/lb. Compute the cost to be allocated to Product M for this period's $760 of joint costs if the value basis is used. a. $304. b. $456. c. $380. d. $1,544. e. $906.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products

Section: Chapter Questions

Problem 13E: Computing joint costssales value at split-off and net realizable value methods D.L. Manufacturing...

See similar textbooks

Similar questions

1.A company produced 400 units of Product L and 200 units of Product M during the current period and incurred joint costs of $684. Product L sells for $8 per unit and Product M sells for $16 per unit. Compute the cost to be allocated to Product L for this period’s joint costs if the value basis is used.
Owe
Joint products A, B and C are produced by JNT Corp. For the month just ended, these data are available: Using the market value method, the joint cost apportioned to each product will be: A. A – P22,652; B – P13,843; C – P13,335 B. A – P19,995; B – P19,014; C – P10,821 C. A – P22,440; B – P16,005; C – P11,385 D. A – P24,357; B – P14,885; C – P10,588
ALASKA Company manufactures products F, G and W from a joint process. Joint costs are allocated on the basis of relative sales value at split-off. Additional informaton for the June 20x1 production activity as follows: F G W Total Units produced 50,000 40,000 10,000 100,000 Joint costs ? ? ? P450,000 Sales value at split-off P420,000 P270,000 P60,000 P750,000 Additional costs if processed further 88,000 30,000 12,000 130,000 Sales value if processed further 538,000 320,000 78,000 936,000 Assuming that the 10,000 units of W were processed further and sold for P78,000, what was ALASKA's gross profit on this sale?
full question please
Subject: acounting
qd 183.
Relative sales value? General accounting
Solve questions 1 and 2
ats Assume a company has three products-A, B, and C-that emerge from a joint process. The joint processing costs that are incurred up to the split-off point equal $1,200,000. The selling prices and outputs for each product at the split-off point are as follows: Product A B С Selling Price $33 per pound $29 per pound $24 per pound Product A B C Each product can be processed further beyond the split-off point. The additional processing costs for each product and their respective selling prices after further processing are as follows: Output 14,000 pounds 18,000 pounds 19,000 pounds Additional Processing Costs $65,000 $72,000 $88,000 Selling Price $37 per pound $34 per pound $30 per pound The company is trying to decide whether to retain or discontinue the entire joint manufacturing process. What is the financial advantage (disadvantage) of continuing to operate the entire joint manufacturing process?
General accounting
Subject: accounting