Question
In: Accounting
Campbell Chemical Company makes three products, B7, K6, and X9, which are joint products from the...
Campbell Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard batch of 339,500 pounds of raw materials, the company generates 75,300 pounds of B7, 162,100 pounds of K6, and 102,100 pounds of X9. A standard batch costs $2,037,000 to produce. The sales prices per pound are $5, $15, and $20 for B7, K6, and X9, respectively.
Required
-
Allocate the joint product cost among the three final products using weight as the allocation base.
-
Allocate the joint product cost among the three final products using market value as the allocation base
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Solutions
ekkarill92 answered 8 months agoRelated Solutions
Walton Chemical Company makes three products, B7, K6, and X9, which are joint products from the...
Walton Chemical Company makes three products, B7, K6, and X9,
which are joint products from the same materials. In a standard
batch of 371,000 pounds of raw materials, the company generates
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Allocate the joint product cost among the three final products
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Stuart Chemical Company makes three products, B7, K6, and X9,
which are joint products from the same materials. In a standard
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per pound are $10, $14, and $20 for B7, K6, and X9,
respectively.
Required
Allocate the joint product cost among the three final products
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Benson Chemical Company makes three products, B7, K6, and X9,
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per pound are $5, $15, and $20 for B7, K6, and X9, respectively.
Trying to figure out part 2. I'm continuing to get 0.548 for
allocated...
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Rooney Chemical Company makes three products, B7, K6, and X9,
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78,000 pounds of B7, 156,000 pounds of K6, and 140,000 pounds of
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per pound are $4, $8, and $14 for B7, K6, and X9, respectively.
Required
Allocate the joint product cost among the three final products
using weight...
Gutten company makes three products from a common input in a joint processing operation. Joint processing...
Gutten company makes three products from a common input in a
joint processing operation. Joint processing costs up to the
split-off point total $98,000 per quarter. The company allocates
these costs to the joint products on the basis of their relative
sales value at the split-off point. Unit selling prices and total
output at the split-off point are as follows:
Product
Selling Price
Quarterly Output
A
$
5
per pound
10,000
pounds
B
$
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per pound
22,000
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C...
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The Mussina Chemical Company produced three joint products at a
joint cost of $117,000. These products were processed further and
sold as follows:
Chemical Product
Sales
Additional Processing Costs
A
$230,000
$190,000
B
$330,000
$300,000
C
$175,000
$100,000
The company has had an opportunity to sell at split-off directly
to other processors. If that alternative had been selected, sales
would have been A, $54,000; B, $32,000; and C, $54,000.
The company expects to...
Porky Products Company manufactures three products from a pig in a joint processing operation. Joint processing...
Porky Products Company manufactures three products from a pig in
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split-off point total $40,000 per year. The company allocates these
costs to the joint products on the basis of their total sales value
at the split-off point. Each product may be sold at the split-off
point or processed further. Additional processing requires no
special facilities. The additional processing costs and the sales
value after further processing for each product (on...
Campbell Company makes and sells products with variable costs of $24 each. Campbell incurs annual fixed...
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current sales price is $91.
Note: The requirements of this question are interdependent. For
example, the $268,000 desired to profit introduced in Requirement C
also applies to subsequent requirements. Likewise, the $80 sales
price introduced in requirement D applies to the subsequent
requirements.
f) If variable cost rises to $30 per
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Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing...
Dorsey Company manufactures three products from a common input
in a joint processing operation. Joint processing costs up to the
split-off point total $350,000 per quarter. For financial reporting
purposes, the company allocates these costs to the joint products
on the basis of their relative sales value at the split-off point.
Unit selling prices and total output at the split-off point are as
follows: Product Selling Price Quarterly Output A $ 20.00 per pound
13,000 pounds B $ 14.00 per...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing...
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in a joint processing operation. Joint processing costs up to the
split-off point total $335,000 per quarter. For financial reporting
purposes, the company allocates these costs to the joint products
on the basis of their relative sales value at the split-off point.
Unit selling prices and total output at the split-off point are as
follows:
Product
Selling Price
Quarterly
Output
A
$
17.00
per pound
12,400
pounds
B
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11.00
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