Marin Products 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 Marin's production, sales, and costs follows. Units Sold Price (after addt'l processing) Separable Processing cost Units Produced Total Joint Cost Sales Price at Split-off DBB-2 17,000 DBB-1 11,000 $ 50 45 $ $282,000 $114,000 $169,000 $ 565,000 $ 11,000 17,000 24,000 52,000 $3,200,000 $ 20 $ 30 $ DBB-3 24,000 70 50 Total 52,000 The amount of joint costs allocated to product DBB-1 using the net realizable value method is (calculate all ratios and percentages to 2 decimal places, for example 33.33%, and round all dollar amounts to the nearest whole dollar):

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Marin Products 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 Marin's production, sales, and costs follows.
Units Sold
Price (after addt'l processing)
Separable Processing cost
Units Produced
Total Joint Cost
Sales Price at Split-off
$
DBB-1
11,000
50
$282,000
11,000
$
$
DBB-2
17,000
20 $
45 $
DBB-3
24,000
70
30 $
$114,000 $169,000 $ 565,000
17,000 24,000
52,000
$3,200,000
Total
50
52,000
The amount of joint costs allocated to product DBB-1 using the net realizable value method is (calculate all ratios and percentages to 2 decimal places, for
example 33.33%, and round all dollar amounts to the nearest whole dollar):
Transcribed Image Text:Marin Products 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 Marin's production, sales, and costs follows. Units Sold Price (after addt'l processing) Separable Processing cost Units Produced Total Joint Cost Sales Price at Split-off $ DBB-1 11,000 50 $282,000 11,000 $ $ DBB-2 17,000 20 $ 45 $ DBB-3 24,000 70 30 $ $114,000 $169,000 $ 565,000 17,000 24,000 52,000 $3,200,000 Total 50 52,000 The amount of joint costs allocated to product DBB-1 using the net realizable value method is (calculate all ratios and percentages to 2 decimal places, for example 33.33%, and round all dollar amounts to the nearest whole dollar):
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