Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product cost were $200,000. Additional information

image text in transcribed
image text in transcribed
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product cost were $200,000. Additional information follows. If Processed further Units Sales Value at Product Produced Split-orr Sales Values Additional Costs KA 82,000 $244,000 $350,000 $45,000 KB 57,400 213,500 290,000 41,000 KC 24,600 152,500 250,000 29,000 Required: a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA (including $45,000 if processed further)? b. Assuming that joint product costs are allocated using the sales value at split-off (net realizable value method), what was the total cost of product kB (including the $41.000 if processed further)? aces Complete this question by entering your answers in the tabs below. Required A Required B Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA (including $45,000 if processed further)? (Do not round intermediate calculations.) Total cost of product KA Required B Complete this question by entering your answers in the tabs below. Required A Required B Assuming that joint product costs are allocated using the sales value at split-off (net realizable value method), what was the total cost of product KB (including the $41,000 if processed further)? (Do not round intermediate calculations.) Total cost of product KB

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

Cost Accounting Planning And Control

Authors: Adolph Matz, Milton F. Usry

10th Edition

0538809256, 978-0538809252

More Books

Students also viewed these Accounting questions

Question

What is your companys strategy? How is it kept current?

Answered: 1 week ago

Question

Explain the need for and importance of co-ordination?

Answered: 1 week ago

Question

Explain the contribution of Peter F. Drucker to Management .

Answered: 1 week ago

Question

What is meant by organisational theory ?

Answered: 1 week ago

Question

What is meant by decentralisation of authority ?

Answered: 1 week ago