Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

solution with explanation please Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: If

image text in transcribed

solution with explanation please

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 Product W-10 W-20 W-30 Units Produced 44,800 32,000 25,600 25,600 128,000 Sales Value at Split-Off $268,000 230,000 154,000 116,000 $768,000 Additional Costs Sales Values $ 28,700 $292,000 23,000 268,000 15,400 192,000 9,600 128,000 $ 76,700 $880,000 W-40 Required: Assuming that total joint costs of $268,800 were allocated using the sales value at split-off (net realizable value method), what joint costs were allocated to each product? (Do not round intermediate calculations.) Product NRV at Split- Off Joint Costs Allocated W-10 W-20 W-30 W-40

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Frequently Asked Questions In International Standards On Auditing

Authors: Steven Collings

1st Edition

1118765419, 978-1118765418

More Books

Students also viewed these Accounting questions