Denver Fabricators manufactures products DF1 and DF2 from a joint process, which also yields a by-product, BP. The company accounts for the revenues from its by-product sales as other income. Additional information follows: Units produced Allocated joint costs Sales value at split-off Required: DF1 28,400 ? $ 571,500 DF2 19,400 ? BP $ 190,500 16,400 ? $ 103,400 Total 64,200 $ 561,400 $ 865,400 Assuming that joint product costs are allocated using the net realizable value at split-off approach, what joint costs are allocated to each of the joint products DF1 and DF2 and to the by-product, BP? Note: Do not round intermediate calculations. Joint Cost DF1 DF2 BP
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- Denver Fabricators manufactures products DF1 and DF2 from a joint process, which also yields a by-product, BP. The company accounts for the revenues from its by-product sales as other income. Additional information follows: Units produced Allocated joint costs Sales value at split-off DF1 DF2 BP DF1 28,700 ? Joint Cost $573,750 DF2 19,700 ? $191,250 BP 16,700 ? $ 103,700 Total Required: Assuming that joint product costs are allocated using the net realizable value at split-off approach, what joint costs are allocated to each of the joint products DF1 and DF2 and to the by-product, BP? Note: Do not round intermediate calculations. 65,100 $ 561,700 $ 868,700Denver Fabricators manufactures products DF1 and DF2 from a joint process, which also yields a by-product, BP. The company accounts for the revenues from its by-product sales as other income. Additional information follows: DF1 DF2 BP Total Units produced 27,200 18,200 15,200 60,600 Allocated joint costs ? ? ? $ 560,200 Sales value at split-off $ 562,500 $ 187,500 $ 102,200 $ 852,200 Required: Assuming that joint product costs are allocated using the net realizable value at split-off approach, what joint costs are allocated to each of the joint products DF1 and DF2 and to the by-product, BP?Buttertly Corp. manufactures products M1 and M2 from a joint process, which also yields a by-product, B1. Butterfly accounts for the revenues from its by-product sales as other income. Additional information follows: M1 M2 B1 Units produced Allocated joint costs Sales value at split-off $414, 000 $276, 00 s98, 000 Total 49, 700 $388, 000 $788, 000 26, 800 13, 800 9, 100 Required: Assuming that joint product costs are allocated using the net realizable value at split-off approach, what was the joint cost allocated to product M1? (Do not round intermediate calculations.) Jont cont of product M1
- Ilang Ilang Company manufactures Product A and B from a joint process which yield a by-product. Ilang Ilang accounts for the revenue from its by-product sales as deduction from the cost of goods sold of its main products. Additional information follows: A B C Total Unit produced 15000 9000 6000 30000 Joint Costs 264000 Sales Value at Split off 290000 150000 10000 450000 Joint products are allocated using the relative sales value at split off approach What was the joint cost allocated to Product B?ESBA Company produced two joint products A and E. and by-products and D from the same raw materials with Jointcosts P200.000. The ertity uses net realizabe value in allocatingjoirt costs to joint products. Other informaticin are as foilows: Units produced (20.000: 30.000: 5.000 and 5.000) Unit soid (18.000. 25.000: 5.000 and 5.000): Final unit selling prices (P25.00: P20.00. P200 and P1.50): Further processing costs (PI50.000; P210.0oC: P5.000 and P4.000); Selling and Administrative expenses (P15.000: P21.000: PS00 and P400): Desred profiton Cand D (P2.000 and P1500). irthenetproceeds of sale of by-products are prasented as reduetion from cost of goods sold of the main products, what is the amount of operating proft from joint products orly? P438.589 PABR300 P432836 F430,989Vicerelandu, Inc. manufactures X, Y, and Z from a joint process. Joint product costs were P60,000. Additional information are as follows:(see pic) 1. Assuming that joint costs are allocated using the physical measures (units produced) approach, what were the total costs allocated to product X ________________________ Y ______________________ Z ______________________2. Assuming that joint product costs are allocated using the relative sales value at split-off approach, what were the total costs allocated to product X_________________________ y ______________________ Z ______________________
- BC Corporation manufactures products W, X,Y, AND Z from a joint process. Additional information is as follows: Sales If processed further Units Value at Additional Sales Product Produced Split-off Costs Value W 6,000 P 80,000 P 7,500 P 90,000 X 5,000 60,000 6,000 70,000 Y 4,000 40,000 4,000 50,000 Z 3,000 20,000 2,500 30,000 Total 18,000 P200,000 P20,000 P240,000 Assuming that total joint costs of P160,000 were allocated using the relative sales value at split- off approach, what joint costs were allocated to each product? W________________ X__________________ Y________________ Z __________________Compute for the joint cost allocated to Reta. Land Company produces joint products Jana and Reta, together with by-product Bynd. Jana is sold at split-off, but Reta and Bynd undergo additional processing. Production data pertaining to these proiticts follow: Jana Reta Bynd Total Joint costs: Variable P88,000 148,000 Fixed Separable costs: P120,000 90,000 Variable 123,000 Fixed Profit Production (lbs.) Sales price/lbs. P3,000 1,000 1,000 10,000 P 1.10 92,000 50,000 P 4.00 40,000 P 7.50 100,000 There is no beginning or ending inventories. materials are spoiled in production. NoBSBA Company produced two joint products A and B. and by-products and D from the same raw materials with joint costs P200,000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced (20.000; 30,000: 5.000 and 5,000); Unit sold (18.000: 25.000; 5,000 and 5.000); Final unit selling prices (P25.00: P20.00; 2.00 and P1.50): Further processing costs (P150.000; P210.000; P5,000 and P4,000); Selling and Administrative expenses (P15,000: P21,000; P500 and P400); Desired profit on C and D (P2,000 and P1,500). If the joint costs are allocated to by-products using the reversal cost method, what is the total costs of by products?* P11,136 P12,036 P13,100 P14,000 BSBA Company produced two joint products A and B. and by-products C and D from the same raw materials with joint costs P200,000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced…
- PT Agile Box produces products 1,2 and 3 from one combined product process. Information relating to the allocation of combined production costs is as follows Production Product Points / Market / unit Volume Units price 1.200 unit 3 200.000 600 unit 250.000 3 500 unit 4 350.000 Total 2.300 unit Based on this data, you allocate a joint production cost of IDR 345,000,000 to each product and calculate the cost / unit of each product if PT DZAKI uses the following alternatives: a. Average unit method b. Weighted average method (based on points /units) 2. 1, 2.BSBA Company produced joint products M, Nand O from same raw materials with total joint costs P35,.000. Other data are as follows: Quantity Produced in units (1.500: 2,500: 1,000); Unit Market value at split-off (Pó: P10; P8): Final unit selling price (P10, P12, P15): Additional costs after split off (P3.000; P2.000; P5.000): Quantity Sold (1.200: 2.000: 800). Using the physical output method, what is the unit cost of Product N?* P7.80 P 7.80 P7.00 O P9.00 O P12.00Tendler Co. produces two products, X and Y, using a joint process. The following data has been given to you: Joint cost Unit selling prices of completely processed products Units produced and processed beyond split-off Processing cost beyond split-off point Total $3,300 450 $3,700 Allocate the joint cost using the net-realizable value method: X: S XIN Y: S ? $10 300 $1,100 Y ? $40 150 $2,60