The Moody Company produced three joint products at a joint cost of $117,000. Two of these products were processed further. Production and sales were:PWeight317,000 lbs. $ 262,00034,250108,500 lbs. 200,500Sales Addt'l. Processing Costs$ 217,000Q 108,500 lbs.R0117,000Assume Q is a by-product and Moody uses the cost reduction method ofaccounting for by-product cost. If estimated net realizable value is used, howmuch of the joint costs would be allocated to product R? (Round your final answerto the nearest whole dollar.)

Joint costs means the costs incurred in producing multiple products simultaneously from the same raw…

The Moody Company produced three joint products at a joint cost of $117,000. Two of these products were processed further. Production and sales were: Sales Addt'l. Processing Costs $ 217,000 Weight P 317,000 lbs. $ 262,000 Q 108,500 lbs. R 108,500 lbs. 200,500 34,250 0 117,000 Assume Q is a by-product and Moody uses the cost reduction method of accounting for by-product cost. If estimated net realizable value is used, how much of the joint costs would be allocated to product R? (Round your final answer to the nearest whole dollar.)

The Moody Company produced three joint products at a joint cost of $117,000. Two of these products were processed further. Production and sales were: Sales Addt'l. Processing Costs $ 217,000 Weight P 317,000 lbs. $ 262,000 Q 108,500 lbs. R 108,500 lbs. 200,500 34,250 0 117,000 Assume Q is a by-product and Moody uses the cost reduction method of accounting for by-product cost. If estimated net realizable value is used, how much of the joint costs would be allocated to product R? (Round your final answer to the nearest whole dollar.)

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...

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