Scrubbing Company produces four solvents from the same process: C, D, E, and G. Joint product costs are $9,000. (Round all answers to the nearest dollar.) Barrels Sales price per barrel at split-off Disposal cost per barrel at split-off Further processing costs Final sales price per barrel C 750 $10.00 $6.50 $2.00 $13.50 D 1,000 8.00 4.00 2.50 10.00 E 1,400 11.00 7.00 4.00 15.50 G 2,000 15.00 9.50 4.50 19.50 If Scrubbing sells the products after further processing, the following disposal costs will be incurred: C, $2.50; D, $1.00; E, $3.50; G, $6.00. Refer to Scrubbing Company. Using a physical measurement method, what amount of joint processing cost is allocated to Product D? Group of answer choices $1,748 $2,447 $1,311 $3,495
Scrubbing Company produces four solvents from the same process: C, D, E, and G. Joint product costs are $9,000. (Round all answers to the nearest dollar.) Barrels Sales price per barrel at split-off Disposal cost per barrel at split-off Further processing costs Final sales price per barrel C 750 $10.00 $6.50 $2.00 $13.50 D 1,000 8.00 4.00 2.50 10.00 E 1,400 11.00 7.00 4.00 15.50 G 2,000 15.00 9.50 4.50 19.50 If Scrubbing sells the products after further processing, the following disposal costs will be incurred: C, $2.50; D, $1.00; E, $3.50; G, $6.00. Refer to Scrubbing Company. Using a physical measurement method, what amount of joint processing cost is allocated to Product D? Group of answer choices $1,748 $2,447 $1,311 $3,495
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Scrubbing Company
Scrubbing Company produces four solvents from the same process: C, D, E, and G. Joint product costs are $9,000. (Round all answers to the nearest dollar.)
|
Barrels |
Sales price per barrel at split-off |
Disposal
cost per barrel at split-off |
Further processing costs |
Final
sales price per barrel |
|
| C |
750
|
$10.00
|
$6.50
|
$2.00
|
$13.50
|
| D |
1,000
|
8.00
|
4.00
|
2.50
|
10.00
|
| E |
1,400
|
11.00
|
7.00
|
4.00
|
15.50
|
| G |
2,000
|
15.00
|
9.50
|
4.50
|
19.50
|
If Scrubbing sells the products after further processing, the following disposal costs will be incurred: C, $2.50; D, $1.00; E, $3.50; G, $6.00.
Refer to Scrubbing Company. Using a physical measurement method, what amount of joint
Group of answer choices
$1,748
$2,447
$1,311
$3,495
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