Garrison Co. produces three products X, Y, and Z 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 $120,000. Sales values and costs needed to evaluate Garrison's production policy follow.<\/p>
<\/p>
UnitsSales Value atIf Processed FurtherProductProducedSplit OffSales ValueAdditional Costs X 6,000$40,000$80,000$1,200Y 3,00015,00040,0003,000Z 1,00016,00030,0001,500<\/p>
<\/p>
The amount of joint costs allocated to product Z 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):<\/p>", "transcribed_text": "", "related_book": { "title": "Income Tax Fundamentals 2013", "isbn": "1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516", "edition": "31st Edition", "authors": "Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1124.jpg", "uri": "\/textbooks\/income-tax-fundamentals-2013-31st-edition-9781285586618", "see_more_uri": "" }, "free_related_book": { "isbn": "B0CSBG97RJ", "uri": "\/textbooks\/nuclear-facilities-engineer-a-primer-and-career-guide-1st-edition-979-8876004901-290058", "name": "Nuclear Facilities Engineer A Primer And Career Guide", "edition": "1st Edition" }, "question_posted": "2024-06-28 07:48:32", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/the-stockholders-equity-section-of-ruff-corporations-balance-sheet-on", "description": "The stockholders equity section of Ruff Corporations balance sheet on December 31, 2011, follows. 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