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'1 processing) Separable Processing cost Units Produced Total Joint Cost Sales Price at Split-off DBB-1 DBB-2 DBB-3 12,000 25,000 26,000 50 35 $ $413,000 $168,000 12,000 $ 60 $ $ 25 $ 35 $ Total $247,000 $ 828,000 25,000 26,000 63,000 $3,500,000 55 63,000 The amount of joint costs allocated to product DBB-2 using the sales value at split-off 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):
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'1 processing) Separable Processing cost Units Produced Total Joint Cost Sales Price at Split-off DBB-1 DBB-2 DBB-3 12,000 25,000 26,000 50 35 $ $413,000 $168,000 12,000 $ 60 $ $ 25 $ 35 $ Total $247,000 $ 828,000 25,000 26,000 63,000 $3,500,000 55 63,000 The amount of joint costs allocated to product DBB-2 using the sales value at split-off 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):
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
DBB-2 DBB-3
12,000 25,000 26,000
50
35 $
$413,000 $168,000 $247,000 $ 828,000
12,000 25,000 26,000
$
60
63,000
$3,500,000
$
$
25 $
35 $
55
Total
63,000
The amount of joint costs allocated to product DBB-2 using the sales value at split-off 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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