Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total joint costs in May were $582,000. Additional information follows: Product Chen-1 Chen-2 Chem-3 Chem-4 Units Produced 264,000 208,000 200,000 128,000 800,000 Product Chem-1 Chem-2 Chem-3 Chem-4 If Processed Further Joint Costs Allocated Sales Value at Additional Costs Split-Off $ 200,640 312,000 156,000 217,600 $ 886,240 $ 109,360 $ 29,040 33,280 24,000 23,040 Required: Barrett Chemicals uses the physical quantities method to allocate joint costs. What joint costs would be allocated to each product in May? Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts. Sales Values. $ 237,600 341,120 187,500 240,000 $ 1,006, 220
Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total joint costs in May were $582,000. Additional information follows: Product Chen-1 Chen-2 Chem-3 Chem-4 Units Produced 264,000 208,000 200,000 128,000 800,000 Product Chem-1 Chem-2 Chem-3 Chem-4 If Processed Further Joint Costs Allocated Sales Value at Additional Costs Split-Off $ 200,640 312,000 156,000 217,600 $ 886,240 $ 109,360 $ 29,040 33,280 24,000 23,040 Required: Barrett Chemicals uses the physical quantities method to allocate joint costs. What joint costs would be allocated to each product in May? Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts. Sales Values. $ 237,600 341,120 187,500 240,000 $ 1,006, 220
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 27E: Pacheco, Inc., produces two products, overs and unders, in a single process. The joint costs of this...
Related questions
Question
Aj.4
![Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total joint costs in
May were $582,000. Additional information follows:
Product
Chem-1
Chem-2
Chem-3
Chem-4
Units
Produced
264,000
208,000
200,000
128,000
800,000
Product
Chem-1
Chem-2
Chem-3
Chem-4
If Processed Further.
Joint Costs
Allocated
Sales Value at Additional
Split-Off Costs
$ 200,640
$ 29,040
312,000
33,280
156,000
24,000
217,600
23,040
$ 886,240 $ 109,360
Required:
Barrett Chemicals uses the physical quantities method to allocate joint costs. What joint costs would be allocated to each product in
May?
Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts.
Sales Values
$ 237,600
341, 120
187,500
240,000
$1,006,220](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6bec5e2c-acec-47e5-b11b-bd8e84820449%2F5ba383ea-f17c-481a-b6da-99c52d20f973%2Fhb0n7fc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total joint costs in
May were $582,000. Additional information follows:
Product
Chem-1
Chem-2
Chem-3
Chem-4
Units
Produced
264,000
208,000
200,000
128,000
800,000
Product
Chem-1
Chem-2
Chem-3
Chem-4
If Processed Further.
Joint Costs
Allocated
Sales Value at Additional
Split-Off Costs
$ 200,640
$ 29,040
312,000
33,280
156,000
24,000
217,600
23,040
$ 886,240 $ 109,360
Required:
Barrett Chemicals uses the physical quantities method to allocate joint costs. What joint costs would be allocated to each product in
May?
Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts.
Sales Values
$ 237,600
341, 120
187,500
240,000
$1,006,220
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
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 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
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…](https://www.bartleby.com/isbn_cover_images/9781305970663/9781305970663_smallCoverImage.gif)
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
![Cornerstones of Cost Management (Cornerstones Ser…](https://www.bartleby.com/isbn_cover_images/9781305970663/9781305970663_smallCoverImage.gif)
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning