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Double Company produces three products-DBB-1, DBB-2, and DBB-3 from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products Involved. Key Information about Double's production, sales, and costs follows. Units Sold Price (after additional processing) Separable Processing cost Units Produced Total Joint Cost Sales Price at Split-off DBB-1 16,600 $ 65 $ 114,125 16,600 $ 25 DBB-2 24,900 $ 50 $ 45,650 24,900 $ 35 DBB-3 36,900 $ 75 $ 67,650 36,900 The amount of joint costs allocated to product DBB-1 using the sales value at split-off method is: $ 55 Total 78,400 $ 227,425 78,400 $ 3,720,000

Double Company produces three products-DBB-1, DBB-2, and DBB-3 from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products Involved. Key Information about Double's production, sales, and costs follows. Units Sold Price (after additional processing) Separable Processing cost Units Produced Total Joint Cost Sales Price at Split-off DBB-1 16,600 $ 65 $ 114,125 16,600 $ 25 DBB-2 24,900 $ 50 $ 45,650 24,900 $ 35 DBB-3 36,900 $ 75 $ 67,650 36,900 The amount of joint costs allocated to product DBB-1 using the sales value at split-off method is: $ 55 Total 78,400 $ 227,425 78,400 $ 3,720,000

FINANCIAL ACCOUNTING
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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Double Company produces three products-DBB-1, DBB-2, and DBB-3 from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products Involved. Key Information about Double's production, sales, and costs follows. Units Sold Price (after additional processing) Separable Processing cost Units Produced Total Joint Cost Sales Price at Split-off DBB-1 16,600 $ 65 $ 114, 125 16,600 $ 25 DBB-2 24,900 $ 50 $ 45,650 24,900 $ 35 DBB-3 36,900 $ 75 $ 67,650 36,900 The amount of joint costs allocated to product DBB-1 using the sales value at split-off method is: $ 55 Total 78,400 $ 227,425 78,400 $ 3,720,000
Transcribed Image Text:Double Company produces three products-DBB-1, DBB-2, and DBB-3 from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products Involved. Key Information about Double's production, sales, and costs follows. Units Sold Price (after additional processing) Separable Processing cost Units Produced Total Joint Cost Sales Price at Split-off DBB-1 16,600 $ 65 $ 114, 125 16,600 $ 25 DBB-2 24,900 $ 50 $ 45,650 24,900 $ 35 DBB-3 36,900 $ 75 $ 67,650 36,900 The amount of joint costs allocated to product DBB-1 using the sales value at split-off method is: $ 55 Total 78,400 $ 227,425 78,400 $ 3,720,000
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