Cost Accounting (15th Edition)
Cost Accounting (15th Edition)
15th Edition
ISBN: 9780133428704
Author: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
Publisher: PEARSON
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Chapter 16, Problem 16.23E

1.

a.

To determine

To compute: Allocation of joint cost as per sales value at split off method.

Given information:

Joint cost is $530 ($340+$190).

Selling price at split off point of soy meal is $1.24 and soy oil is $4.25.

Production of soy meal is 575 pounds.

Production of soy oil is 160 gallons.

b.

To determine

To compute: Allocation of joint cost as per NRV method.

Given information:

Joint cost is $530

Selling price at split off point of soy meal is $1.24 and soy oil is $4.25.

575 pounds of soy meal is processed into 725 pounds of soy cookies.

160 gallons of soy oil is processed into 640 quarts of soyola.

2.

To determine

To identify: Decision of further processing and effect of allocation method on this decision.

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