Split Company produces three products - X, Y, and Z - 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 ariable and traceable to the products involved. Last year all three products were processed beyond split-off. Joint production costs or the year were $154,000. Sales values and costs needed to evaluate Split's production policy follow. Product x y Z Multiple Choice O Units Produced 11,000 5,500 11,000 O O The amount of joint costs allocated to product X using the physical measure method is (calculate all ratios and percentages to 4 lecimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): $59,600. $26,800. $30,800. $92,400. Sales Value at Split Off $ 48,500 40,500 50,000 $61,600. If Processed Further Sales Value $ 122,500 65,500 64,000 Additional Costs $ 9,700 20,000 27,000

Split Company produces three products - X, Y, and Z - 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 ariable and traceable to the products involved. Last year all three products were processed beyond split-off. Joint production costs or the year were $154,000. Sales values and costs needed to evaluate Split's production policy follow. Product x y Z Multiple Choice O Units Produced 11,000 5,500 11,000 O O The amount of joint costs allocated to product X using the physical measure method is (calculate all ratios and percentages to 4 lecimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): $59,600. $26,800. $30,800. $92,400. Sales Value at Split Off $ 48,500 40,500 50,000 $61,600. If Processed Further Sales Value $ 122,500 65,500 64,000 Additional Costs $ 9,700 20,000 27,000

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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