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6. XYZ Production Company incurred 150,000 to manufacture the following products in a joint process: Product Units Produced 250 Selling Price per Unit 20 500

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6. XYZ Production Company incurred 150,000 to manufacture the following products in a joint process: Product Units Produced 250 Selling Price per Unit 20 500 Weight per Unit 4 kgs. 3 kgs. 2 kgs. 1 kgs. 750 1,000 20 How much joint cost would be allocated to product A based on total weight? a 150,000 b. 20,000 c. 30,000 d. 50,000 7. Alfa manufactures products A and B from a joint process. Joint product costs were 40,000 during the month of October. Additional information is as follows: Product Units Produced 14,000 6,000 Sales Value at Split-Off 110,000 90,000 Alfa uses the sales-value-at-split-off method of joint cost allocation. What is the amount of joint product costs to be allocated to products A and B in October, respectively? a 20,000, 20,000 b. 22,000; 18,000 c. 28,000; 12,000 d. 18,000; 22,000 8. Beta Company produces two products, X and Y. in a single process. The joint costs of this process for the period were 25,000. In addition, 4,000 units of X and 6,000 units of Y were produced. Separable processing costs beyond the split-off point were: X-10,000; Y=20,000. X sells for 10.00 per unit; Y sells for 7.50 per unit. What is the gross profit of product Y assuming the net realizable value method is used? a 13 636 b. 16 364 c. 30 000 d. 45 000 Page 2 of 3

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