Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Johns Company manufactures products R, S, and T from a joint process. The following information is available: Product R S T Total Units produced 35,000
Johns Company manufactures products R, S, and T from a joint process. The following information is available: Product R S T Total Units produced 35,000 ? ? 70,000 Sales value at split-off ? ? $ 143,000 $ 590,000 Joint costs $ 140,000 ? ? $ 350,000 Sales value if processed further $ 340,000 $ 262,500 $ 175,000 $ 777,500 Additional costs if processed further $ 52,500 $ 38,000 $ 29,750 $ 120,250 Assuming that joint product costs are allocated using the relative-sales-value at split-off approach, what was the sales value at split-off for products R and S? Product R Product S A) $ 211,000 $ 216,000 B) $ 219,000 $ 222,000 C) $ 236,000 $ 211,000 D) $ 247,000 $ 224,000 E) $ 257,000 $ 233,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started