Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $155,000 was as follows: Separable Processing cost Units Produced Sales Value (after additional processing) L M N $ 18,000 4,400 $ 41,000 10,500 $ 92,000 $ 90,000 $ 26,000 7,500 $ 55,000 Total $ 85,000 22,400 $ 237,000 The amount of joint costs allocated to product N using the net realizable value method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to he nearest whole dollar): Multiple Choice
Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $155,000 was as follows: Separable Processing cost Units Produced Sales Value (after additional processing) L M N $ 18,000 4,400 $ 41,000 10,500 $ 92,000 $ 90,000 $ 26,000 7,500 $ 55,000 Total $ 85,000 22,400 $ 237,000 The amount of joint costs allocated to product N using the net realizable value method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to he nearest whole dollar): Multiple Choice
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter7: Allocating Costs Of Support Departments And Joint Products
Section: Chapter Questions
Problem 27E: Pacheco, Inc., produces two products, overs and unders, in a single process. The joint costs of this...
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