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Company processes apples into jam, juice, and canned tomatos, 2018, the joint costs of tomatoes were ending invenocessing the tomatoes were $10,000. There was no
Company processes apples into jam, juice, and canned tomatos, 2018, the joint costs of tomatoes were ending invenocessing the tomatoes were $10,000. There was no beginning or During the summer of for the summer. Production a and sales value information is as follows ProductCases Sales Priceat Separable Final Selling If Polnt 36 per case uice 150 10 per case Required: 30) Determine the percentage allocated method is used. to each product if the estimated net realizable value 4 points Product izable Value Percenta Final Sales Value Separable Costs Net Real uice Totals 31) Determine the amount allocated to each product if the estimated net realizablev method is used. 4points Separable ProductUits Unit Costs Cose Product! % Costs- Allocated JointAllocat Costs uice Canned 3 Points 32) The company has the following information: Total Sale Value-Total Costs-Total Gross Margin (2096) Main Product B $40 Main Product A $60 Final sales value of total production Total sales) Gross Margin (20%) Total Costs $8 $12 $32 $12 $48 $18 Separable Costs Joint Cost? Under Constant Gross-Margin Percentage NRV method, Joint Costs for Product A and B are a) $30 and $20 b) $42 and $30 c) $36 and $24 d) None of them 13
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