Question
Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of
| L | M | N | Total | |
|---|---|---|---|---|
| Separable Processing cost | $ 12,000 | $ 29,000 | $ 8,000 | $ 49,000 |
| Units Produced | 2,000 | 4,500 | 5,100 | 11,600 |
| Sales Value (after additional processing) | $ 68,000 | $ 60,000 | $ 19,000 | $ 147,000 |
The amount of joint costs allocated to product M using the physical measure method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar):
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Correct option is 30051 Product L Product M Product N Total Sales value after additi...
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Cost Management Measuring, Monitoring And Motivating Performance
Authors: Leslie G. Eldenburg, Susan K. Wolcott, Liang Hsuan Chen, Gail Cook
3rd Canadian Edition
978-1-119-1856, 978-1119185697
