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Quick Systems Inc produces three products T,U,V. Each product can be sold at split off: T ( S6 per unit), U ($20per unit) and V
Quick Systems Inc produces three products T,U,V. Each product can be sold at split off: T ( S6 per unit), U (\$20per unit) and V (\$7.5 per unit). All three products can be further processed to make TT,UU, and VV. A fourth product, H, is a by-product of the production process. Product H can be sold for $2 per unit with additional processing. A is processed at split-off point. At all times by-products are assigned joint cost based on NRV. During April the joint costs of production were $350,000. Production, additional processing costs, and sales value after additional processing information for the month are as follows: a. Determine the amount of joint cost allocated to each product if allocation is by NRV of final nrodnet Which products should be processed further beyond split-off point. Quick Systems Inc produces three products T,U,V. Each product can be sold at split off: T ( S6 per unit), U (\$20per unit) and V (\$7.5 per unit). All three products can be further processed to make TT,UU, and VV. A fourth product, H, is a by-product of the production process. Product H can be sold for $2 per unit with additional processing. A is processed at split-off point. At all times by-products are assigned joint cost based on NRV. During April the joint costs of production were $350,000. Production, additional processing costs, and sales value after additional processing information for the month are as follows: a. Determine the amount of joint cost allocated to each product if allocation is by NRV of final nrodnet Which products should be processed further beyond split-off point
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