Question
1.) The AB Company produces 4,000 units of product A and 6,000 units of product B in a joint production process. If a weight factor
1.) The AB Company produces 4,000 units of product A and 6,000 units of product B in a joint production process. If a weight factor of 2 is assigned to each unit of product A and a weight factor of 3 is assigned to each unit of product B, the weighted number of units would be:
A. product A 2,000 units and B 2,000 units.
B. product A 8,000 units and product B 18,000 units.
C. product A 1,600 units and B 3,600 units.
D. none of the above.
2.) AB Corporation manufactures two products, A and B, through a joint manufacturing process. The sales price for Product A is $15 and for product B is $7. Last month, 8,000 units of product A and 10,000 units of product B were manufactured. The total joint cost in was $82,000. The separable cost, after split-off point, was $20,000 for product A and $6,000 for product B.
AB Corporation allocate joint costs using the relative-market-value method. The shares of joints costs would be:
A. For Product A: $100,000, for Product B: $54,000
B. For Product A: $36,445, for Product B: $45,555
C. For Product A: $51,790, for Product B: $30,210
D. For Product A: $50,000, for Product B: $32,000
3.) AB Corporation manufactures two products, A and B, through a joint manufacturing process. The sales price for Product A is $15 and for product B is $7. Last month, 8,000 units of product A and 10,000 units of product B were manufactured. The total joint cost in was $82,000. The separable cost, after split-off point, was $20,000 for product A and $6,000 for product B.
AB Corporation allocate joint costs using the physical-measure method. The shares of joints costs would be:
A. For Product A: $100,000, for Product B: $54,000
B. For Product A: $36,444, for Product B: $45,556
C. For Product A: $51,790, for Product B: $30,210
D. For Product A: $50,000, for Product B: $32,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started