Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marin Products produces three products - DBB-1, DBB-2, and DBB-3 from a joint process. Each product may be sold at the split-off point or processed

image text in transcribed

Marin Products produces three products - DBB-1, DBB-2, and DBB-3 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. Key information about Marin's production, sales, and costs follows. DBB-1 DBB-2 DBB-3 Total Units Sold 16,000 24,000 36,000 76,000 Price (after addt'l processing) $65 $50 $75 Separable Processing cost $110,000 $44,000 $66,000 $220,000 Units Produced 16,000 24,000 36,000 76.000 Total Joint Cost $3,600,000 Sales Price at Split-off $25 $35 $55 The amount of joint costs allocated to product DBB-3 using the physical measure method is (calculate all ratios and percentages to 2 decimal places, for example 33.33%, and round all dollar amounts to the nearest whole dollar): $49,200. O $54,250. $1,136,880 O $757,800. $1,705,320

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting And Finance For Lawyers In A Nutshell

Authors: Charles Meyer

7th Edition

1647083001, 9781647083007

More Books

Students also viewed these Accounting questions

Question

Discuss the concept of ethics in the management of human resources.

Answered: 1 week ago

Question

Define organizational culture.

Answered: 1 week ago