A company produced 230 units of Product L and 138 units of Product M during the current period and incurred joint costs of $780. Product L sells for $8 per unit and Product M sells for $20 per unit. Compute the cost to be allocated to Product M for this period's joint costs if the value basis is used.

Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $355,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products based on their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product A a С Selling Price $ 21.00 per pound $15.00 per pound $27.00 per gallon Product A D C Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unit selling prices after further processing are given below. Additional Processing Costa $ 73,440 Quarterly Output 13,200 pounds 20,600 pounds 4,400 gallons $ 105,620 $ 46,000 Selling Price $26.20 per pound $ 21.20 per pound $35.20 per gallon Required: 1. What is the financial advantage (disadvantage) of further processing each of the…

After allocating the joint process costs to its two joint products, Allomar Co. reports gross margin percentages of 30% for Product A and 40% for Product B. Sales reported for each product were $25,000 for Product A and $60,000 for Product B. Neither of the two products were processed beyond the split-off point. Calculate the total amount of joint costs assigned between the two products. Allocated joint costs Product A Product B Assuming Allomar used the physical quantities method to allocate the joint costs, what percentage of the total production volume did Product B represent? (Round answer to 2 decimal places, e.g. 15.25%.) Proportion of joint costs assigned to product B %

Y Company produces two joint products: Sweet and Sour.  Joint cost is allocated using the net realizable value method at split-off point.  Joint production cost is $70,000.  Neither product is salable at split-off point.  During May, the additional costs incurred beyond split-off point are as follows:                           Sweet                           $ 32,000                         Sour                             $ 48,000   Production:       Sweet: 3,200 units                                Sour: 1,600 units   Selling prices:    Sweet: $50.00 per unit                          Sour:  $ 90.00 per unit   What is the amount of joint cost allocated to Sweet and Sour using the NRV Method at split-off point. (Must show calculations or no credit)                                                               Joint cost allocated to Sweet:  $_____________________________                                                             Joint cost allocated to Sour:…