The cost of purchasing 400 kgs of direct materials and processing it up to the split-off point to yield a total of 22,700 chips of good products was $2.010,000. Beginning inventories totaled 120 chips for Standard and 80 chips for Premium. Ending ventory amounts reflected 120 chips of Standard and 80 chips of Premium. October costs per unit were the same as lovember. When using a physical-volume measure, what is the approximate amount of joint costs that will be allocated andard chips? (Round intermediary percentages to the nearest hundredth) $1,435,714 $1.005.000 1.482.028
The cost of purchasing 400 kgs of direct materials and processing it up to the split-off point to yield a total of 22,700 chips of good products was $2.010,000. Beginning inventories totaled 120 chips for Standard and 80 chips for Premium. Ending ventory amounts reflected 120 chips of Standard and 80 chips of Premium. October costs per unit were the same as lovember. When using a physical-volume measure, what is the approximate amount of joint costs that will be allocated andard chips? (Round intermediary percentages to the nearest hundredth) $1,435,714 $1.005.000 1.482.028
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Netzone Company is in semiconductor industry and fabrication of silicon-wafer chips splits off two types of memory chips.
Standard and Premium. The following information was collected for last quarter of the calendar year
Direct materials
processed
Production
Standard
Premium
Standard
15.500at $170 per chip
Premium
6200at $250 per chip
The cost of purchasing 400 kgs of direct materials and processing it up to the split-off point to yield a total of 22.700 chips of
good products was $2,010,000. Beginning inventories totaled 120 chips for Standard and 80 chips for Premium. Ending
inventory amounts reflected 120 chips of Standard and 80 chips of Premium. October costs per unit were the same as
November. When using a physical-volume measure, what is the approximate amount of joint costs that will be allocated
Standard chips? (Round intermediary percentages to the nearest hundredth)
Sales:
400kgs (Both standard and premium chips
weigh 10 grams each)
O $1.435,714
O $1.005.000
O $1.482,028
O $1,416,648
16,000chips
6700chips
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