TB MC Qu. 17-63 Hsu Company manufactures two products... Hsu Company manufactures two products (A and B) from a joint process that cost $270,000 for the year just ended. 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. Further Information follows. Pounds Product Produced A B 20,000 30,000 Multiple Choice O $108,000 If the joint costs are allocated based on the physical-units method, the amount of joint cost assigned to product A would be: $100,000 $104,000. Per-Pound Sales Price $15 10 $120,000. If Processed Further Sales Value $360,000 310,000 Separable Cost $100,000 60,000

TB MC Qu. 17-63 Hsu Company manufactures two products... Hsu Company manufactures two products (A and B) from a joint process that cost $270,000 for the year just ended. 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. Further Information follows. Pounds Product Produced A B 20,000 30,000 Multiple Choice O $108,000 If the joint costs are allocated based on the physical-units method, the amount of joint cost assigned to product A would be: $100,000 $104,000. Per-Pound Sales Price $15 10 $120,000. If Processed Further Sales Value $360,000 310,000 Separable Cost $100,000 60,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 10PA: Clarion Industries produces two joint products, Y and Z. Prior to the split-off point, the company...

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Laramie Industries produces two joint products, H and C. Prior to the split-off point, the company incurred costs of $66,000. Product H weighs 44 pounds and product C weighs 66 pounds. Product H sells for $250 per pound and product C sells for $295 per pound. Based on a physical measure of output, allocate joint costs to products H and C.
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