TB MC Qu. 7-66 (Algo) Joint costs allocated to product DBB-1 using the physical measure method: Double Company 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. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Key information about Double's production, sales, and costs follows. Units Sold Price (after additional processing) Separable Processing cost Units Produced Total Joint Cost Sales Price at Split-off Multiple Choice C $783,333. $812,973. The amount of joint costs allocated to product DBB-1 using the physical measure method is: $1,727,568. DBB-1 $1,253,333. 19, 200 $ 65 $ 142,000 19, 200 $25 DBB-2 28,800 $50 $ 76,000 28,800 $ 35 DBB-3 40,800 $ 75 $ 98,000 40,800 $ 55 Total 88,800 $ 316,000 88,800 $ 3,760,000

TB MC Qu. 7-66 (Algo) Joint costs allocated to product DBB-1 using the physical measure method: Double Company 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. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Key information about Double's production, sales, and costs follows. Units Sold Price (after additional processing) Separable Processing cost Units Produced Total Joint Cost Sales Price at Split-off Multiple Choice C $783,333. $812,973. The amount of joint costs allocated to product DBB-1 using the physical measure method is: $1,727,568. DBB-1 $1,253,333. 19, 200 $ 65 $ 142,000 19, 200 $25 DBB-2 28,800 $50 $ 76,000 28,800 $ 35 DBB-3 40,800 $ 75 $ 98,000 40,800 $ 55 Total 88,800 $ 316,000 88,800 $ 3,760,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

In Al-Waha Water Bottling Company, costs of setting up factory machinery for a new production run would be classified as a. Organization - sustaining level activity b. Unit level activity c .none of the given answers d. Product-sustaining level activity e. Batch level activity
Please do not give solution in image format thanku
The following information relates to a joint production process for three products, with a total joint production cost of $145,000. There are no separable processing costs for any of the three products. Sales value at split off Units at Split off 1 $174,000 560 2 72,500 980 3 43,500 1260 total 290,000 2800 Assume that the total sales value at the split-off point for product 1 is $72,500 instead of $174,000 and the sales value of product 3 is $2,900 instead of $43,500. Assume also that the firm treats product 3 as a joint product and uses the net realizable value method for accounting for joint costs. There are no separable processing costs for product 3. What amount of joint costs would be allocated to the three products using the relative sales value method? (Round your intermediate percentage values to 2 decimal places (i.e. 24.35%) and final answers to nearest whole dollar amount.)
Please do not give solution in image format thanku
Please do not give solution in image format thanku
i.3
Please do not give solution in image format thanku
Determine the unit contribution margin and contribution margin ratio. Last month, Laredo Company sold 450 units for $25 each. During the month, fixed costs were $2,520 and variable costs were $9 per unit.
answer in text form please (without image)
None
Please do not give solution in image format thanku
Electricity purchased to operate factory machinery would be included as part of the cost of products manufactured under the: a. Variable costing conceptb. Absorption costing concept c. Both a&bd. None of the above