Deming& Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40,

Question

Deming& Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: If Processed Further Units Sales Value at Split-Off $ 408,000 Product Produced W-10 W-20 W-30 W-40 Additional Costs Sales Values 68,600 49,000 39,200 S 44,100 35,100 23,700 14,700 S117,600 $ 447,000 408,000 294,000 196,000 $1,345,000 351,000 237,000 196,000 $1.176,000 Required Assuming that total joint costs of $446,880 were allocated using the sales value at split-off (net realizable value method). what joint costs were allocated to each product? (Do not round intermediate calculations.) nt Costs Allocated Product W-10 W-20 W-30 W-40 Off

Explanation / Answer

Product

NRV at Split-Off   

Joint Costs Allocated

Joint Costs Allocated

W-10

408000

(446880/1176000)*408000

155040

W-20

351000

(446880/1176000)*351000

133380

W-30

237000

(446880/1176000)*237000

90060

W-40

180000

(446880/1176000)*180000

68400

1176000

Product

NRV at Split-Off   

Joint Costs Allocated

Joint Costs Allocated

W-10

408000

(446880/1176000)*408000

155040

W-20

351000

(446880/1176000)*351000

133380

W-30

237000

(446880/1176000)*237000

90060

W-40

180000

(446880/1176000)*180000

68400

1176000

Related Questions

Navigate

• Browse (All)
• Browse D
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.