Split Corporation manufactures products X, Y, and Z from a joint production process. Joint costs are allocated to products based on relative sales values of the products at the split-off point. Additional nformation is as follows: Multiple Choice O Units produced Allocated joint costs Sales value at split-off Additional costs for further processing ? 80,000 588,000 Sales value if processed further Based solely on a relevant cost analysis, which of the three products should be processed by Split beyond the split-off point? O Only X Only Y Only Z Only Y and Z X 28,000 $ 429,200 All three products: X,Y and Z Y 24,000 $ 229,400 310,000 72,000 485,000 Z 20,000 $ 199,800 270,000 50,000 447,000 Total 72,000 $ 858,400 1,160,000 202,000 1,520,000
Split Corporation manufactures products X, Y, and Z from a joint production process. Joint costs are allocated to products based on relative sales values of the products at the split-off point. Additional nformation is as follows: Multiple Choice O Units produced Allocated joint costs Sales value at split-off Additional costs for further processing ? 80,000 588,000 Sales value if processed further Based solely on a relevant cost analysis, which of the three products should be processed by Split beyond the split-off point? O Only X Only Y Only Z Only Y and Z X 28,000 $ 429,200 All three products: X,Y and Z Y 24,000 $ 229,400 310,000 72,000 485,000 Z 20,000 $ 199,800 270,000 50,000 447,000 Total 72,000 $ 858,400 1,160,000 202,000 1,520,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Accounting
Transcribed Image Text:Split Corporation manufactures products X, Y, and Z from a joint production process. Joint costs are allocated to products based on relative sales values of the products at the split-off point. Additional
information is as follows:
Units produced
Allocated joint costs
Sales value at split-off
Additional costs for further processing
Sales value if processed further
Multiple Choice
Only X
Only Y
Only Z
Based solely on a relevant cost analysis, which of the three products should be processed by Split beyond the split-off point?
Only Y and Z
X
28,000
$ 429,200
All three products: X,Y and Z
?
80,000
588,000
Y
24,000
$ 229,400
310,000
72,000
485,000
20,000
$ 199,800
270,000
50,000
447,000
Total
72,000
$ 858,400
1,160,000
202,000
1,520,000
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