Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost of $190,000: ProductUnits Produced and SoldAfter Split-OffTotal Separable CostsTotal Final Sales ValueM17,000$ 18,800$ 230,000N11,00016,400210,000T12,0003,80039,000 Required:How much of the joint cost should be allocated to each joint product using the net realizable value method?

Joint Cost: Joint costs are the costs which are incurred up to the split off point.Split Off Point:…

Answered: Tango Company produces joint products…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 27E: Pacheco, Inc., produces two products, overs and unders, in a single process. The joint costs of this...

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Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost of $190,000:

Product	Units Produced and Sold	After Split-Off
Total Separable Costs	Total Final Sales Value
M	17,000	$ 18,800	$ 230,000
N	11,000	16,400	210,000
T	12,000	3,800	39,000

Required:

How much of the joint cost should be allocated to each joint product using the net realizable value method?

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