Assuming that the company uses the net realizable value method for allocating joint production cost. Its cost allocated to Pure for the month of May would be

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Dorsey Company manufactures three products from a common Input In a jolnt processing operation. Joint processing costs up to the split-off polnt total $390,000 per quarter. For financlal reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off polnt. Unit selling prices and total output at the split-off polnt are as follows: Quarterly Output 14,600 pounds 22,700 pounds 5,800 gallons Product selling Price $ 28.00 per pound $ 22.00 per pound $ 34.00 per gallon A B Each product can be processed further after the split-off polnt. Additlonal processing requlres no special facilitles. The additional processing costs (per quarter) and unit selling prices after further processing are given below: Additional Product Processing Costs $ 91,990 $133,305 $ 62,660 selling Price $33.90 per pound $28.90 per pound $42.90 per gallon A B Requlred: 1. What is the financial advantage (disadvantage) of further processing each of…

Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $360,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows. Product Selling Price Quarterly Output A $ 22.00 per pound 13,400 pounds B $ 16.00 per pound 20,900 pounds C $ 28.00 per gallon 4,600 gallons 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. Product Additional Processing Costs $ 75,970 Selling Price $ 27.30 per pound $ 22.30 per pound A B $ 109,395 C $ 48,260 $ 36.30 per gallon Required: 1. What is the financial advantage (disadvantage) of further processing…

Garrison Co. produces three products - X, Y, and Z - from a joint process. Each product may be sold at the split-off 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 $120,000. Sales values and costs needed to evaluate Garrison's production policy follow. Sales Value at If Processed Further Units Produced Product Split Off Sales Value Additional Costs 40,00 80,00 X 6,000 $ $ $1,200 0 0 15,00 40,00 y 3,000 3,000 0 0 16,00 30,00 Z 1,000 1,500 0 0 The amount of joint costs allocated to product Z using the net realizable value method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar):

Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $305,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of 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 B C Product A Selling Price $11.00 per pound $5.00 per pound $ 17.00 per gallon 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: B C Additional Processing Costs $ 50,340 $71,170 $ 25,600 Quarterly Output 11,200 pounds 17,600 pounds 2,400 gallons Required: 1. What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point? 2. Based on your…

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Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $360,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of 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 B C Product A Selling Price $ 22.00 per pound $16.00 per pound. $28.00 per gallon 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: B C Quarterly Output 13,400 pounds 20,900 pounds 4,600 gallons Additional Processing Costs $ 75,970 $ 109,395 $ 48,260 Selling Price $ 27.30 per pound $ 22.30 per pound. $36,30 per gallon Required: 1. What is the financial advantage (disadvantage) of further processing…

Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $330,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of 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 B C Product A B Selling Price $ 16.00 per pound $ 10.00 per pound $ 22.00 per gallon 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 Costs $ 61,390 $ 87,645 $ 35,300 Quarterly Output 12,200 pounds 19, 100 pounds 3,400 gallons Required 1 Required: 1. What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point? 2.…

Tanner Corporation produced 3,600 units, consisting of three separate products, in a joint process for the year. The market for these products was so unstable that it was not practical to estimate the selling price of the products. A cost of $488,000 was incurred in the joint process. Product X's production was 80% of product Y's while product Z's production was 120% of product Y's. What is the amount of the joint cost allocable to product X assuming Tanner uses the physical quantities method of allocation? Note: Do not round intermediate calculations. O $130,133 $133,523 $158,002 Saved $160.325