Question
Clyde Company produces jointproducts, EarlS and LarryB, each of which incurs separable production costs after the splitoff point. Information concerning a batch produced at a
Clyde Company produces jointproducts, EarlS and LarryB, each of which incurs separable production costs after the splitoff point. Information concerning a batch produced at a $250,000 joint cost before splitofffollow
Separable Costs Sales Value
EarlS $ 5,000 $ 68,000
LarryB 18,000 25,000
Total $ 23,000 $ 93,000
What is the joint cost assigned to EarlS if costs are assigned using relative net realizablevalue?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
