Using the market value at split-off method, allocate the $12,000 joint cost of production to each product.

Y Company produces two joint products: Sweet and Sour.  Joint cost is allocated using the net realizable value method at split-off point.  Joint production cost is $70,000.  Neither product is salable at split-off point.  During May, the additional costs incurred beyond split-off point are as follows:                           Sweet                           $ 32,000                         Sour                             $ 48,000   Production:       Sweet: 3,200 units                                Sour: 1,600 units   Selling prices:    Sweet: $50.00 per unit                          Sour:  $ 90.00 per unit   What is the amount of joint cost allocated to Sweet and Sour using the NRV Method at split-off point. (Must show calculations or no credit)                                                               Joint cost allocated to Sweet:  $_____________________________                                                             Joint cost allocated to Sour:…

Joint Cost Allocation—Physical Units Method Board-It, Inc., produces the following types of 2 × 4 × 10 wood boards: washed, stained, and pressure treated. These products are produced jointly until they are cut. One batch produces 45 washed boards, 35 stained boards, and 20 pressure treated boards. The joint production process costs a total of $710 per batch. Using the physical units method, allocate the joint production cost to each product. Round your answers to two decimal places.

Sunland Inc. produces three separate products from a common process costing $100,100. Each of the products can be sold at the split- off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period. Product 10 Product 12 Product 14 (c) Product Your answer is partially correct. Product 10 Product 12 Product 14 $ Sales Value at Split-Off Point $59,700 $ 15,800 $ 55,400 Calculate incremental profit/(loss) and determine which products should be sold at the split-off point and which should be processed further. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Incremental profit (loss) Cost to Process Further eTextbook and Media $100,100 30,800 149,700 Sales Value after Further Processing $191,000 34,700 Decision 214,000 Should be processed further Should be sold at the split-off point Should be processed further Assistance Used