Question
Wren Pork Company uses the value basis of allocating joint costs in its production of pork products. Relevant information for the current period follows: Product
Wren Pork Company uses the value basis of allocating joint costs in its production of pork products. Relevant information for the current period follows:
Product Pounds Price/lb. Loin chops 3,360 $ 5.00 Ground 10,920 2.00 Ribs 4,375 4.80 Bacon 6,960 3.50
The total joint cost for the current period was $62,000. How much of this cost should Wren Pork allocate to Loin chops?
Multiple Choice -
$17,980.
-
$16,120.
-
$12,400.
-
$62,000.
-
$0.
Wren Pork Company uses the value basis of allocating joint costs in its production of pork products. Relevant information for the current period follows:
| Product | Pounds | Price/lb. | ||||
| Loin chops | 3,360 | $ | 5.00 | |||
| Ground | 10,920 | 2.00 | ||||
| Ribs | 4,375 | 4.80 | ||||
| Bacon | 6,960 | 3.50 | ||||
The total joint cost for the current period was $62,000. How much of this cost should Wren Pork allocate to Loin chops?
$17,980.
$16,120.
$12,400.
$62,000.
$0.
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Managerial Accounting
Authors: Susan V. Crosson, Belverd E. Needles
10th edition
1133940595, 978-1133940593
