Atkinson, Inc., manufactures products A, B, and C from a common process. Joint costs were $65,400. Additional information is as follows: If Processed Further Product Units Produced Sales Value at Split-Off Sales Value Additional Costs A 9,000 $ 58,000 $ 80,500 $ 6,000 B 4,900 42,875 55,125 7,350 C 2,450 29,400 36,750 9,800 16,350 $ 130,275 $ 172,375 $ 23,150 Assuming that joint production costs are allocated using the physical quantities method (units produced), what were the costs allocated to Product A? Multiple Choice $36,000. $39,000. $35,000. $33,000.
Atkinson, Inc., manufactures products A, B, and C from a common process. Joint costs were $65,400. Additional information is as follows: If Processed Further Product Units Produced Sales Value at Split-Off Sales Value Additional Costs A 9,000 $ 58,000 $ 80,500 $ 6,000 B 4,900 42,875 55,125 7,350 C 2,450 29,400 36,750 9,800 16,350 $ 130,275 $ 172,375 $ 23,150 Assuming that joint production costs are allocated using the physical quantities method (units produced), what were the costs allocated to Product A? Multiple Choice $36,000. $39,000. $35,000. $33,000.
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter7: Allocating Costs Of Support Departments And Joint Products
Section: Chapter Questions
Problem 10CE: A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each...
Related questions
Question
Atkinson, Inc., manufactures products A, B, and C from a common process. Joint costs were $65,400. Additional information is as follows:
If Processed Further | |||||||||||||
Product | Units Produced |
Sales Value at Split-Off | Sales Value | Additional Costs | |||||||||
A | 9,000 | $ | 58,000 | $ | 80,500 | $ | 6,000 | ||||||
B | 4,900 | 42,875 | 55,125 | 7,350 | |||||||||
C | 2,450 | 29,400 | 36,750 | 9,800 | |||||||||
16,350 | $ | 130,275 | $ | 172,375 | $ | 23,150 | |||||||
Assuming that joint production costs are allocated using the physical quantities method (units produced), what were the costs allocated to Product A?
Multiple Choice
-
$36,000.
-
$39,000.
-
$35,000.
-
$33,000.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College