Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

9. The amount of joint costs rounded-off to the nearest dollar that is allocated to product-C using the relative sales value method is calculated to

image text in transcribed

9.

The amount of joint costs rounded-off to the nearest dollar that is allocated to product-C using the relative sales value method is calculated to be:

A.

$26,667

B.

$21,408

C.

$26,496

D.

$21,284

10.

The amount of joint costs rounded-off to the nearest dollar that is allocated to product-A using the net realizable value method is calculated to be:

A.

$28,169

B.

$27,610

C.

$26,496

D.

$22,018

Flag question Use the following information to answer questions 8, 9 & 10. Alpha Co. produces three products - A, B, &C- from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Last year all three products were processed beyond split-off. Joint production costs for the year were $80,000. Sales value and costs needed to evaluate Alpha's production policy follow. If Processed Further Units Sales Value Sales Value Additional Product Produced at Split-off Costs 7,000 $30,000 $50,000 $11,000 B 5,000 $50,000 $54,000 $8,000 3,000 $29,000 $38,000 $10,000 The amount of joint costs rounded-off to the nearest dollar that is allocated to product-B using the physical unit method is calculated to be: Question 8 Not yet answered Marked out of 2.00 P Flag question O A. $30,423 B. $26,667 O C. $36,697 OD. $32,667

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

16th edition

1118742974, 978-1118743201, 1118743202, 978-1118742976

Students also viewed these Accounting questions

Question

Draw a picture consisting parts of monocot leaf

Answered: 1 week ago