Walman Corp. manufactures products X, Y, and Z from a joint production process. Joint costs are allocated to products based on relative sales value of the products at the split-off point. Additional information is as follows: X Y Z Total Units produced 14,000 10,000 6,000 30,000 Allocated joint costs $ 204,000 $ 90,000 $ 66,000 $ 360,000 Sales value at split-off ? 150,000 110,000 600,000 Additional costs for further processing 38,000 30,000 22,000 90,000 Sales value if processed further 348,000 185,000 147,000 680,000 Product X's sales value at the split-off point is:
Walman Corp. manufactures products X, Y, and Z from a joint production process. Joint costs are allocated to products based on relative sales value of the products at the split-off point. Additional information is as follows: X Y Z Total Units produced 14,000 10,000 6,000 30,000 Allocated joint costs $ 204,000 $ 90,000 $ 66,000 $ 360,000 Sales value at split-off ? 150,000 110,000 600,000 Additional costs for further processing 38,000 30,000 22,000 90,000 Sales value if processed further 348,000 185,000 147,000 680,000 Product X's sales value at the split-off point is:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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- Walman Corp. manufactures products X, Y, and Z from a joint production process. Joint costs are allocated to products based on relative sales value of the products at the split-off point. Additional information is as follows:
|
|
|
X |
|
Y |
|
Z | Total | |
|
Units produced |
|
14,000 |
|
10,000 |
|
6,000 |
|
30,000 |
|
Allocated joint costs |
$ |
204,000 |
$ |
90,000 |
$ |
66,000 |
$ |
360,000 |
|
Sales value at split-off |
|
? |
|
150,000 |
|
110,000 |
|
600,000 |
|
Additional costs for further processing |
|
38,000 |
|
30,000 |
|
22,000 |
|
90,000 |
|
Sales value if processed further |
|
348,000 |
|
185,000 |
|
147,000 |
|
680,000 |
Product X's sales value at the split-off point is:
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