Differential Chemical produced 12,000 gallons of Preon and 32,000 gallons of Paron. Joint costs incurred in producing the two products totaled $7,000. At the split-off point, Preon has a market value of $8 per gallon and Paron $2 per gallon. Compute the portion of the joint costs to be allocated to Preon if the value basis is used. A. $1,400 B. $4,200 C. $2,800 D. $1,750 E. $4,675

Differential Chemical produced 18,000 gallons of Preon and 39,000 gallons of Paron. Joint costs incurred in producing the two products totaled $8,500. At the split-off point, Preon has a market value of $11 per gallon and Paron $3.5 per gallon. Compute the portion of the joint costs to be allocated to Preon if the value basis is used. Accurate Answer

Differential Chemical produced 18,000 gallons of Preon and 39,000 gallons of Paron. Joint costs incurred in producing the two products totaled $8,500. At the split-off point, Preon has a market value of $11 per gallon and Paron $3.5 per gallon. Compute the portion of the joint costs to be allocated to Preon if the value basis is used. Provide Answer

Compute the portion of the joint costs to be allocated.

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Differential Chemical produced 10,500 gallons of Preon and 14,000 gallons of Paron. Joint costs incurred in producing the two products totaled $8,000. At the split-off point, Preon has a market value of $8.00 per gallon and Paron $4.00 per gallon. Compute the portion of the joint costs to be allocated to Preon if the value basis is used.

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How much is the net income attributable to Product M, assuming that joint costs are allocated using the Approximate Net Realizable Value x, and after being processed further, 1,800 gallons of Product M was sold during the year? TVA Company produces three products from the same process and incurs joint processing costs of P150,000. Sales price per gallon at split-off Disposal cost per gallon at split-off P 62.50 Final sales price per gallon P350.00 Gallons Further processing costs P 50.00 2,400 1,100 M P225.50 N 300 150.00 100.00 500.00 500 500 400.00 100.00 750.00 Disposal costs for the products if they are processed further are: M, P 150.00; N, P 275.00; Q, P 50.00.

How much is the net income attributable to Product M, assuming that joint costs are allocated using the Approximate Net Realizable Value x, and after being processed further, 1,800 gallons of Product M was sold during the year?

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