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Please answer the required for 11-48, 11-49, and 11-50. I am aware of chegg's policy but I cannot post these 3 questions seperately as the
Please answer the required for 11-48, 11-49, and 11-50. I am aware of chegg's policy but I cannot post these 3 questions seperately as the answers depend on information of the previous questions. Also please post answers manually typed or in a copyable format thank you!
(LO 11-7) 11-48. Net Realizable Value Method Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows. If Processed Further Units Produced Sales Value at Split-Off Additional Costs Sales Values Product W-10 W-20 W-30 W-40 56,000 40,000 32,000 32,000 160.000 $336,000 288,000 192,000 144,000 $960,000 $36,000 28,800 19,200 12,000 $ 366,000 336,000 240,000 160,000 $1,102,000 $96,000 Required Assuming that total joint costs of $384,000 were allocated using the sales value at split-off (net realizable value method), what joint costs were allocated to each product? (CPA adapted) (LO 11-8 11-49. Physical Quantities Method Refer to the facts in Exercise 11-48. Required Assuming that total joint costs of $384,000 were allocated using the physical quantities method, what joint costs were allocated to each product? (LO 11-9 11-50. Sell or Process Further Refer to the facts in Exercises 11-48 and 11-49. Required Which, if any, of the four products would you recommend Deming & Sons sell at split-off (and not process further)? Explain. Does your answer depend on the method used to allocate the joint cost? WhyStep by Step Solution
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