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Stoney Brook Company produces two products (X and Y) from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Joint manufacturing costs for the year were $66,000. Sales values and costs were as follows: Product Xx Y Units Sales Price at Split-Off Made 9,000 6,000 Multiple Choice $27,000. $31,000. If the joint production costs are allocated based on the relative-sales-value method, the amount of joint cost assigned to product X would be: $22,000 $42,000 84,000 $44,000 If Processed Further Separable Cost None of the answers is correct Sales Value $80,000 94,000 $10,500 7,500

Stoney Brook Company produces two products (X and Y) from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Joint manufacturing costs for the year were $66,000. Sales values and costs were as follows: Product Xx Y Units Sales Price at Split-Off Made 9,000 6,000 Multiple Choice $27,000. $31,000. If the joint production costs are allocated based on the relative-sales-value method, the amount of joint cost assigned to product X would be: $22,000 $42,000 84,000 $44,000 If Processed Further Separable Cost None of the answers is correct Sales Value $80,000 94,000 $10,500 7,500

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter8: Tactical Decision-making And Relevant Analysis
Section: Chapter Questions
Problem 66P: Sell at Split-Off or Process Further Eunice Company produces two products from a joint process....
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Stoney Brook Company produces two products (X and Y) from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Joint manufacturing costs for the year were $66,000. Sales values and costs were as follows: Units Sales Price at Split-Off $42,000 84,000 Product Made X 9,000 Y 6,000 Multiple Choice If the joint production costs are allocated based on the relative-sales-value method, the amount of joint cost assigned to product X would be: $27,000. $31,000. $22,000 $44,000 If Processed Further Separable Cost $10,500 7,500 None of the answers is correct Sales Value $80,000 94,000
Transcribed Image Text:Stoney Brook Company produces two products (X and Y) from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Joint manufacturing costs for the year were $66,000. Sales values and costs were as follows: Units Sales Price at Split-Off $42,000 84,000 Product Made X 9,000 Y 6,000 Multiple Choice If the joint production costs are allocated based on the relative-sales-value method, the amount of joint cost assigned to product X would be: $27,000. $31,000. $22,000 $44,000 If Processed Further Separable Cost $10,500 7,500 None of the answers is correct Sales Value $80,000 94,000
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