Multiple Choice$2,083,420.$1,043,176.$929,111.$976,500.$747,468. 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. Additionalprocessing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Key information about Double'sproduction, sales, and costs follows.Units SoldPrice (after additionalDBB-116,800$65$ 115,50016,800DBB-225,200$ 25processing)Separable Processing costUnits ProducedTotal Joint CostSales Price at Split-offThe amount of joint costs allocated to product DBB-3 using the net realizable value method is:$ 50$ 46,20025,200DBB-3$ 3537,200$75$ 68,20037,200$ 55Total79,200$ 229,90079,200$ 3,760,000

The Net Realizable Value (NRV) approach is a valuation methodology that determines the worth of…

spi processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the prod 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 16,800 $ 65 $ 115,500 16,800 $ 25 DBB-2 25,200 $ 50 $ 46,200 25,200 $ 35 DBB-3 37,200 $ 75 $ 68,200 37,200 $ 55 Total 79,200 $ 229,900 79,200 $ 3,760,000

spi processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the prod 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 16,800 $ 65 $ 115,500 16,800 $ 25 DBB-2 25,200 $ 50 $ 46,200 25,200 $ 35 DBB-3 37,200 $ 75 $ 68,200 37,200 $ 55 Total 79,200 $ 229,900 79,200 $ 3,760,000

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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