Answered step by step
Verified Expert Solution
Question
1 Approved Answer
RUSH!! need full solutions and answers asap!! not more than 1 hour! ill upvote asap!! pls thank you!! Question 12 The Southwest Bond Company manufactures
RUSH!! need full solutions and answers asap!! not more than 1 hour! ill upvote asap!! pls thank you!!
Question 12 The Southwest Bond Company manufactures 3 final products A, B and C, one by product. D and intermediate product R. During a recent month, the joint cost of producing 2.000 units of C, 2.500 units of R and 450 units of by product D was processed for $16.000. Product R was processed further into 1.500 units of A and 1,000 units of B at a cost of $12,000. Additional costs to complete A and B were $5,000 and $10,000, respectively. The unit selling prices of A B C and Dare $16. $15, $20 and $5 respectively. The by product D was processed further for $1.000 and is considered as Other Income $16.000 A B $1.000 116.000 1000-1500 Bequired: Determine the Unit Cost of each final product and the Net Income when joint costs are allocated on the basis of relative net realizable value. Use 2 decimal places when entering your final answers. Product Total Cost Unit Cost Net Income c 3,000 Total Net Income 23000 15 pts Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started