1. Brant Corporation manufactures two products out of a joint processScout and Andro. The joint (common) costs incurred are $400,000 for a standard production run that generates 70,000 pounds of Scout and 30,000 pounds of Andro. Scout sells for $9.00 per pound whereas Andro sells for $7.00 per pound.

If additional processing costs beyond the split off point are $1.00 per pound for Scout and $2.333 per pound for Andro, the amount of joint cost of each production run allocated to Andro on an estimated net-realizable value basis is

Select one:

a. $800,000

b. Other

c. $147350

d. $175,000

e. $320,000

2. Brant Corporation manufactures two products out of a joint processScout and Andro. The joint (common) costs incurred are $400,000 for a standard production run that generates 70,000 pounds of Scout and 30,000 pounds of Andro. Scout sells for $9.00 per pound whereas Andro sells for $7.00 per pound.

If there are no additional processing costs incurred after the split-off point, the amount of joint cost of each production run allocated to Scout on a physical-quantity basis is

Select one:

a. $280,000

b. $120,000

c. Other

d. $100,000

3.

Brant Corporation manufactures two products out of a joint processScout and Andro. The joint (common) costs incurred are $400,000 for a standard production run that generates 70,000 pounds of Scout and 30,000 pounds of Andro. Scout sells for $9.00 per pound whereas Andro sells for $7.00 per pound. If additional processing costs beyond the split off point are $1.00 per pound for Scout and $2.333 per pound for Andro,

The amount of joint cost of each production run allocated to Scout using the constant gross-margin percentage NRV method is

Select one:

a. $224,910

b. $405,090

c. $335,090

d. $260,120

e. Other

e. $300,000

4.

Brant Corporation manufactures two products out of a joint processScout and Andro. The joint (common) costs incurred are $400,000 for a standard production run that generates 70,000 pounds of Scout and 30,000 pounds of Andro. Scout sells for $9.00 per pound whereas Andro sells for $7.00 per pound.

If there are no additional processing costs incurred after the split off point, the amount of joint cost of each production run allocated to Andro on a sales value at split off basis is

Select one:

a. $100,000

b. Other

c. $175,000

d. 300,000

e. $225,000