Question
Problem 17-30 Joint Cost Allocation; Missing Data (LO 17-4) Skip to question [The following information applies to the questions displayed below.] Berger Company manufactures products
Problem 17-30 Joint Cost Allocation; Missing Data (LO 17-4)
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[The following information applies to the questions displayed below.] Berger Company manufactures products Delta, Kappa, and Omega from a joint process. Production, sales, and cost data for July follow.
Delta | Kappa | Omega | Total | |||||||||
Units produced | 4,100 | 2,060 | 1,040 | 7,200 | ||||||||
Joint cost allocation | $ | 37,800 | ? | ? | $ | 62,000 | ||||||
Sales value at split-off | ? | ? | $ | 15,750 | $ | 105,000 | ||||||
Additional costs if processed further | $ | 7,100 | $ | 5,100 | $ | 3,100 | $ | 15,300 | ||||
Sales value if processed further | $ | 75,000 | $ | 27,500 | $ | 22,500 | $ | 125,000 | ||||
Problem 17-30 Part 1
Required: 1. Assuming that joint costs are allocated using the relative-sales-value method, what were the joint costs allocated to products Kappa and Omega? (Do not round intermediate calculations.)
2. Assuming that joint costs are allocated using the relative-sales-value method, what was the sales value at split-off for product Delta? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)
3. Use the net-realizable-value method to allocate the joint production costs to the three products. (Round the calculation of "Relative Proportion" to the nearest whole percent. Round your final answers to the nearest dollar amount.)
Required information Problem 17-30 Joint Cost Allocation; Missing Data (LO 17-4) [The following information applies to the questions displayed below.] Berger Company manufactures products Delta, Kappa, and Omega from a joint process. Production, sales, and cost data for July follow. Problem 17-30 Part 1 Required: 1. Assuming that joint costs are allocated using the relative-sales-value method, what were the joint costs allocated to products Kappa and Omega? (Do not round intermediate calculations.) Required information Problem 17-30 Joint Cost Allocation; Missing Data (LO 17-4) [The following information applies to the questions displayed below.] Berger Company manufactures products Delta, Kappa, and Omega from a joint process. Production, sales, and cost data for July follow. roblem 17-30 Part 2 . Assuming that joint costs are allocated using the relative-sales-value method, what was the sales value at split-off for product Delta? Do not round intermediate calculations. Round your answer to the nearest dollar amount.) 3. Use the net-realizable-value method to allocate the joint production costs to the three products. (Round the calculation of "Relative Proportion" to the nearest whole percent. Round your final answers to the nearest dollar amount.)Step by Step Solution
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