Question
Split Company produces three products and -- joint process Each product may be sold at the split- point or processed further Additional processing requires no
Split Company produces three products and -- joint process Each product may be sold at the split- point or processed further Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Last year all three products were processed beyond split-off , Joint production costs for the year were $Sales values and costs needed to evaluate Split's production policy follow Units Sales Processed Further Produced Sales Additional costs 20,000 $ 49,500 $ 127,500 $ 20,700 5,000 43,50068,500 22,000 10,000 54,000 68,00030,000 The amount of joint costs allocated to product X using the sales value at spiltoff method (calculate all ratios and percentages to 4 decimal places for example 33.3333 %and round all amounts to the nearest whole X Mutiple Choice $58,041 $46,755 $ 53,204 $64,686.$41.744 .
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