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. Provide Answer

Compute the portion of the joint costs to be allocated.

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.

Vikram

Calcion Industries produces two joint products, Y and Z. Prior to the split-off point, the company Incurred costs of $36,000. Product Y weighs 15 pounds and product Z weighs 85 pounds. Product Y sells for $150 per pound and product Z sells for $125 per pound. B on a physical measure of output, allocate joint costs to products Y and Z. Product Y allocation $ Product Z allocation $ D

2. A vegetable oil refining company obtains four products whose cost details are: Joint costs of the four products: Rs. 8,29,600 Outputs: A - 5,00,000 litres; B-10,000 litres,C- 5,000 litres and D- 9,000 kgs. Further processing costs: A Rs. 2,40,000; B Rs. 48,000, C-Nil and D-Rs. 8,030. The products can be sold as intermediates i.e., at split-off point without further processing. The sale prices are: A Per litre B Per litre C per litre D* Per Kg. As finished Product 1.84 8.00 6.40 26.67 As Intermediate (a) Calculate the product-wise profit allocating joint costs. (b) Compare the profitability in selling the products with and without further processing. 1.20 4.00 6.40 24.00

Beta Company manufactures Products Tama and Mali from a joint process. The sales value at split-off point was P36,000 for 6,000 units of Product Tama and P24,000 for 2,000 units of Product Mali. Assuming that the portion of the total joint cost properly allocated to product Tama using the sales value at split-off point method was P30,000, what is the total joint cost? a. P40,000 b. P50,000 c. P60,000 d. P90,000

The meadows Company produced three joint.products at a joint cost of P132,000. Additional information for a recent period is as follows: Product Units produced Sales value Sales value and additional Processing if Processed Add'l Costs P19,800 15,400 11,000 At split-off 13,200 8,800 4,400 P88,000 77,000 55,000 Sales Value P121,000 99,000 66,000 Required: Allocate joint costs using: 1. Sales value at split-off 2. Physical units ABC

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 %