The Future Corporation manufactured 3 productsfrom a joint process in December 2023 as follows:Product Number of Sales Additional Sales Valueunits Value at Cost/Unit aftertheABC8,000units16,000units14,000 $20 $2/ unit $24 / unitunits✓ Choose...split-offpoint$30$ 64,400$ 28,276$ 33,816$ 65,853additionalprocessing$10$4/unit $38 / unitJoint costs up to the split-off point were $156,400.If joint costs are allocated using the net realizablevalue, what amount of joint costs will be allocatedto the C product rounded to the nearest dollar)?$5/unit $13 / unit

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The Future Corporation manufactured 3 products from a joint process in December 2023 as follows: Product Number of Sales Additional Sales Value Value at Cost/Unit after units the A B C 8,000 units split-off point $30 16,000 units additional processing 14,000 $20 $2/unit $24 / unit units $10 $4/unit $38 / unit $5/unit $13 / unit

The Future Corporation manufactured 3 products from a joint process in December 2023 as follows: Product Number of Sales Additional Sales Value Value at Cost/Unit after units the A B C 8,000 units split-off point $30 16,000 units additional processing 14,000 $20 $2/unit $24 / unit units $10 $4/unit $38 / unit $5/unit $13 / unit

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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Current Attempt in Progress A company manufactures three products using the same production process. The costs incurred up to the split-off point are $208,400. These costs are allocated to the products on the basis of their sales value at the split-off point. The number of units produced, the selling prices per unit of the three products at the split-off point and after further processing, and the additional processing costs are as follows. Product D E Your answer is partially correct. F (b1) Number of Units Produced Incremental profit (loss) 4,350 5,530 1,900 Product D Selling Price at Split-Off $10.10 $ 11.10 19.20 Selling Price after Processing $15.40 16.40 23.00 Determine the incremental profit (loss) of each product(s). (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Product E Additional Processing Costs $ $16,995 21,509 10,790 Product F $