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C. Young & Sons, Inc. derives six different items from a single common production process. They are all produced simultaneously at the end of the

C. Young & Sons, Inc. derives six different items from a single common production process. They are all produced simultaneously at the end of the process.

Four of these items are regarded as the company's principal products; two are treated as by-products.

The following summarizes production and sales data for April 2021:

Units

Produced

Units

Sold

Variable cost

per unit

Fixed

Costs ($)

Final Unit

Selling Price

Main products

A

B

C

D

200,000

100,000

150,000

50,000

180,000

90,000

140,000

50,000

$0.10

0.12

0.08

0.10

$10,000

8,000

18,000

5,000

$0.75

1.00

1.60

2.00

By-products

M

N

40,000

20,000

30,000

20,000

$0.05

$0.00

$2,500

1,000

$0.30

0.25

The company uses the Net Realizable Value method of allocating common costs.

Compute the common production costs to be allocated to each of the main products,

assuming common costs were $387,000 for the month of April, 2021.

Flag question: Question 7

Question 71 pts

How much common cost is applied to A?

Group of answer choices

$91,080

$90,120

$92,888

$91,120

$92,880

Flag question: Question 8

Question 81 pts

How much common cost is applied to D?

Group of answer choices

$68,310

$68,940

$69,660

$67,590

$68,000

Flag question: Spacer

To prevent follow-through errors in Q#9- #13, ignore the $387,000 for questions 7

and 8 and your calculations to that point.

Assume common costs to be allocated for April, 2021 were $398,500 in total, after adjusting for by-products, and were allocated to the main products as follows:

A - $110,000

B - 55,000

C - 162,000

D - $71,500

TOTAL $398,500

Compute the unit production costs of the main products for the month of April, using the common cost allocation above and whatever other figures from the previous chart that you feel are necessary.

Flag question: Question 9

Question 91 pts

What is the Unit production cost of C?

Group of answer choices

$0.88

$1.28

$1.25

$1.63

$1.80

Flag question: Question 10

Question 101 pts

What is the Unit production cost of B?

Group of answer choices

$0.75

$0.80

$0.70

$1.25

$1.05

Flag question: Question 11

Question 111 pts

What is the gross profit of product A?

Group of answer choices

$9,000

$10,000

$15,000

$25,000

$(4,000)

Flag question: Question 12

Question 121 pts

What is the gross profit of product B?

Group of answer choices

$35,000

$10,000

$22,500

$(5,000)

$25,000

Flag question: Question 13

Question 131 pts

The total gross profit on all four main products (A, B, C, D) is

Group of answer choices

$99,300

$39,450

$86,400

$94,800

$74,200

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