Northwest Butlding Products (NBP, manufactures two lumber products from a joint milling process residental building lumber(RBL) and commercial building lumber (CBL). A standard production run incurs Joint costs of $450,000 and results in 80.000 units of RBL and 120.000 units of CBL Each RBL sells for $10 per unit and each CBL sells for $12 per unit Required: 1. Assuming that no further processing occurs after the spilt-off point, how much of the joint costs are allocated to commercial lumber (CBL) on a physical measure method basis? 2. If no further processing occurs after the split-off point, how much of the Joint cost is allocated to the residential lumber (RBL) using a sales value at spilt-off method? 3. Assume that the CBL is not marketable at spin-off but must be planed and sized at a cost of $300,000 per production run. During this process, 10.000 units are unavoidably lost and have no value. The remaining units of CBL are salable at $14 per unit. The RBL. although salable immediately at the split-off polnit, is coated with a tarlike preservative that costs $200,000 per production run. The RBL is then sold for $12 each Using the net realizable value basis, how much of the completion costs should be assigned to each unit of CBL 4. Based on information in requirement 3. should NBP choose to process RBL beyond split-off? Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Required Assuming that no further processing occurs after the split-off point, how much of the joint costs are allocated to commercial lumber (CBL) on a physical measure method basis? (Do not found intermediate calculations) Alocated joints Required 2 > Northwest Building Products (NBP) manufactures two lumber products from a joint milling process: residential building lumber (RBL) and commercial building lumber (CBL) . A standard production run Incurs joint costs of $450,000 and results in 80.000 units of RBL and 120,000 units of CBL. Each RBL sells for $10 per unit and each CBL sells for $12 per unit. Required: 1. Assuming that no further processing occurs after the split-off point, how much of the joint costs are allocated to commercial lumber (CBL) on a physical measure method basis? 21 no further processing occurs after the split-off point, how much of the joint cost is allocated to the residential lumber (RBL) using a sales value at split-off method? 3. Assume that the CBL is not marketable at split-off but must be planed and sized at a cost of $300,000 per production run. During this process. 10,000 units are unavoidably lost and have no value. The remaining units of CBL are salable at $14 per unit. The RBL. although salable Immediately at the split-off point is coated with a tarlike preservative that costs $200,000 per production run. The REL IS then sold for $12 each. Using the net realizable value basis, how much of the completion costs should be assigned to each unit 4. Based on information in requirement 3, should NBP choose to process RBL beyond split-off? of CBL Complete this question by entering your answers in the tabs below. Required Required 2 Required) Required If no further processing occurs after the uplie-off point, how much of the joint cost is allocated to the residential lumber (RBL) using a sales value ac split-off method? (Do not round intermediate calculations) Allocated joint cost Northwest Building Products (NBP) manufactures two lumber products from a joint riling process: residential building lumber (RBL) and commercial building lumber (CBL). A standard production run Incurs Joint costs of $450,000 and results in 80,000 units of RBL and 120,000 units of CBL. Each RBL sells for $10 per unit and each CBL sells for $12 per unit Required 1. Assuming that no further processing occurs after the split-off point, how much of the joint costs are allocated to commercial lumber (CBL) on a physical measure method basis? 2. If no further processing occurs after the split-off point, how much of the Joint cost is allocated to the residential lumber (RBL) using a sales value at split-off method? 3. Assume that the CBL is not marketable at split-off but must be planed and sized at a cost of $300,000 per production run. During this process. 10,000 units are unavoidably lost and have no value. The remaining units of CBL are salable at $14 per unit. The RBL. although salable immediately at the split off point is coated with a tarike preservative that costs $200,000 per production run. The RBL is then sold for $12 each. Using the net realizable value basis, how much of the completion costs should be assigned to each unit of CBL2 4. Based on information in requirement 3. should NBP choose to process RBL beyond split-off? Complete this question by entering your answers in the tabs below. Required 1 Required Required 3 Required 4 Assume that the CBL is not marketable at Split-off but must be planed and sized at a cost of $300.000 per production run. During this process, 10,000 units are unavoidably lost and have no value. The remaining units of CBL are salable at $14 per unit. The RBL, although salable immediately at the split-off point is coated with a tarlike preservative that costs $200,000 per production run. The RBL is then sold for $12 each. Using the net realizable value basis, how much of the completion costs should be assigned to each unit of CBL? (Do not round intermediate calculations. Round your final answer to 4 decimal places Show less Completion costs
