Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are $168,000. The sales value at split-off was $174,960 for 8,400 units of Kappa and $63,280 for 12,600 units of Lambda. Required: What joint costs are allocated to the two products using the net realizable value at split-off approach? Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts. What joint costs are allocated to the two products using the physical quantities method? Note: Do not round intermediate calculations.   Kappa Lambda a. Net realizable value method ??? ??? b. Physical quantities method ??? ???

Calcion Industries produces two joint products, Y and Z. Prior to the split-off point, the company incurred costs of $24,000. Product Y weighs 20 pounds and product Z weighs 80 pounds. Product Y sells for $150 per pound and product Z sells for $125 per pound. Based on a physical measure of output, allocate joint costs to products Y and Z. Product Y allocation ? Product Z allocation ?

A company manufactures products X and Y using a joint process. The joint processing costs are P10,000. Products X and Y can be sold at split-off for P12,000 and P8,000 respectively. After split-off, product X is processed further at a cost of P5,000 and sold for P21,000 whereas product Y is sold without further processing. If the company uses the net realizable value method for allocating joint costs, the joint cost allocated to X is

Corey Corporation manufactures joint products W and X. During a recent period, joint costs amounted to $450,000 in the production of 20,000 gallons of W and 50,000 gallons of X. Both products will be processed beyond the split-off point, giving rise to the following data: Separable processing costs Sales price (per gallon) if processed beyond split-off The joint cost allocated to W under the net-realizable-value method would be: (Do not round intermediate calculations.) Multiple Choice $156,000. $142,105, $110,000 $128.571. $40,000 $ 15 $ $160,000 13

The XYZ Corp. manufactures pots, pans, and bowls from a joint process.  May production is 4,000 pots, 7,000 pans, and 8,000 bowls.  Respective per unit selling prices at split-off are $15, $10, $5.  Joint costs up to the split-off point are $75,000.  If joint costs are allocated based upon the sales (market) value at split-off, what amount of joint costs will be allocated to the pots?

Please provide this question solution accounting

Using a physical measurement method, what amount is joint processing cost is allocated to product Wan? Using net realizable value at split-off, what amount of joint processing cost is allocated to product tri?

DEF Company produces three product (A, B, and C) in a joint process costing 100,000. The products can be sold as they leave the process or they can be processed further and sold. The cost accountant has provided the following information: Product Unit Volume Sales prices at split-off Separable further processing costs sales price after further processing A 3000 10 60000 25 B 4000 15 50000 30 C 8000 20 90000 35 Assume that all processing costs are variable costs. Which products should DEF Company sell at split-off, and which products should be processed further?

PLEASE SHOW YOUR SOLUTIONS. ASAP THANKS.  #15

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