Question
The Mallak Company produced three joint products at a joint cost of $114,000. Two of these products were processed further. Production and sales were: ProductWeightSalesAdditional
The Mallak Company produced three joint products at a joint cost of $114,000. Two of these products were processed further. Production and sales were:
ProductWeightSalesAdditional Processing CostsP307,000lbs.$257,250$207,000Q107,000lbs.37,000-0-R107,000lbs.190,750107,000
What is the net income of Mallak Company if the estimated net realizable value method of joint cost allocation is used?
Multiple Choice
- $57,000.
- $171,000.
- $20,000.
- $371,000.
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Cornerstones of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
4th edition
1305970667, 978-1337514842, 1337514845, 978-1305970663
