Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total joint costs inMay were $564,000. Additional Information follows:270,000If Processed FurtherAdditionalCosts$ 33,300ProductChem-1UnitsProduced294,000Sales Value atSplit-Off$ 226,000Sales Values$ 266,000Chem-2182,00030,000296,000Chem-3198,000Chem-4150,000824,000155,600252,40025,50026,900186,000276,000$ 904,000$ 115,700$ 1,024,000Required:Barrett Chemicals uses the net realizable value method to allocate joint costs. What joint costs would be allocated to each product inMay?Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts.

The joint cost can be allocated based on physical units and also on the net realizable value at the…

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 $564,000. Additional Information follows: If Processed Further Additional Costs $ 33,300 Sales Values $ 266,000 296,000 Product Chem-1 Units Produced 294,000 Sales Value at Split-Off $ 226,000 Chem-2 182,000 Chem-3 198,000 Chem-4 150,000 824,000 270,000 155,600 252,400 30,000 25,500 186,000 26,900 276,000 $ 904,000 $ 115,700 $ 1,024,000 Required: Barrett Chemicals uses the net realizable value 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.

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 $564,000. Additional Information follows: If Processed Further Additional Costs $ 33,300 Sales Values $ 266,000 296,000 Product Chem-1 Units Produced 294,000 Sales Value at Split-Off $ 226,000 Chem-2 182,000 Chem-3 198,000 Chem-4 150,000 824,000 270,000 155,600 252,400 30,000 25,500 186,000 26,900 276,000 $ 904,000 $ 115,700 $ 1,024,000 Required: Barrett Chemicals uses the net realizable value 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.

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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