Marin Products produces three products – DBB-1, DBB-2, and DBB-3 from a joint process. Each product may be soldat the split-off point or processed further. Additional processing requires no special facilities, and production costs offurther processing are entirely variable and traceable to the products involved. Key information about Marin'sproduction, sales, and costs follows.DBB-1DBB-2DBB-3TotalUnits Sold16,00024,00036,00076,000Price (after addt'l processing) $65 $50 $75Separable Processing cost$110,000 $44,000 $66,000 $220,000Units Produced16,00024,00036,00076,000Total Joint Cost$3,600,000Sales Price at Split-off25 $35 $55The amount of joint costs allocated to product DBB-3 using the sales value at split-off method is (calculate all ratiosand percentages to 2 decimal places, for example 33.33%, and round all dollar amounts to the nearest whole dollar):

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Answered: The amount of joint costs allocated to…

Business

Accounting

The amount of joint costs allocated to product DBB-3 using the sales value at split-off method is ר ר

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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