am. 113. Atkinson, Incorporated, manufactures products A, B, and C from a common process. Joint costs were $151,044.Additional information is as follows:If Processed FurtherProduct Units ProducedSales Value atSplit-OffAdditionalSales ValueCostsA9,720BCB5,800C2,900$ 62,32050,75034,800$ 86,620$ 6,48065,25043,5008,70011,60018,420$ 147,870$ 195,370$ 26,780Assuming that joint production costs are allocated using the physical quantities method (units produced), what were thecosts allocated to Product A?Note: Do not round intermediate calculations.Multiple Choice$76,704$79,704$78.704

Detailed explanation:Formula : Cost allocated to Product A = ( quantity of Product A / quantity of…

Answered: Atkinson, Incorporated, manufactures…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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 F430,989
HASF Corporation manufactures products A, B, and C from a joint process. Joint costs are allocated on the basis of relative sales value at the end of the joint process. Additional information for HASF are as follows: A B C Total Units produced 12000 8000 4,000 24,000 Joint costs 144000 60,000 36,000 240,000 Sales value before additional processing 240000 100,000 60,000 400,000 Additional costs for further processing 28000 20,000 12,000 60,000 Sales value if processed further 280000 120,000 70,000 470,000 Required: Which, if any, of products A, B, and C should be processed further and then sold? Keeping in view the answer of "part a", write down your critical feedback to support your answer
Atkinson, Inc., manufactures products A, B, and C from a common process. Joint costs were $154,680. Additional information is as follows: If Processed Further Product UnitsProduced Sales Value at Split-Off Sales Value Additional Costs A 7,110 $ 46,660 $ 64,435 $ 4,740 B 8,150 70,905 91,280 12,225 C 4,075 48,900 61,125 16,300 19,335 $ 166,465 $ 216,840 $ 33,265 Assuming that joint product costs are allocated using the net realizable value method, what were the total costs assigned to Product B? Multiple Choice $78,110. $77,906. $77,110. $79,396.
BSBA 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…
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 foliows: 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; P2.00 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 Cand 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 ESBA 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…
HASF Corporation manufactures products A, B, and C from a joint process. Joint costs are allocated on the basis of relative sales value at the end of the joint process. Additional information for HASF are as follows: Units produced Joint costs 12,000 144,000 в 8,000 60,000 с 4,000 36,000 Total 24,000 240,000 Sales value before additional processing 240,000 100,000 60,000 400,000 Additional costs for further processing Sales value if processed further 28,000 280,000 20,000 120,000 12,000 70,000 60,000 470,000 Required: a. Which, if any, of products A, B, and C should be processed further and then sold? b. Keeping in view the answer of "part a", write down your critical feedback to support your answer (Word limit Max 200)
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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 (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: P2.00 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 Cand D (P2.000 and P1,500). If the by-products are presented as other income. what is the total amount of net sales and cost of goods sold, respectively? P950,000 and P475411 P950,000 and P483,011 P957,600 and P475,411 P957,600 and P483,011 ESBA 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…
Deming & Sons manufactures four grades of lubricant, W.10, W-20, W-30, and W 40, from a joint process. Additional information follows. IE Processed Further Unita Sales Value Product Produced at Split-oft Additional Conta Salen Values $ 368, 000 316, 000 212,000 160, 000 61,056, 000 $ 402,000 368, 000 264,000 176, 000 W-10 61, 600 44, 000 35,200 35,200 $ 39, €00 31, 600 21,200 13,200 0105, 600 W-20 W-30 W-40 176,000 41,210, 000 Required: Assuming that total joint costs of $443,520 were allocated using the physical quantities method, what joint costs were allocated to each product? (Do not round intermediate calculetions.) Joint Costs Allocated Product W-10 W-20 W-30 W40
Eren Co. recovers three product from a joint process. in October 2020 the joint cost amounted to P250,000 other data will follow using the Physical Value how much Joint Cost will be allocated to E-1? This will pertain to #3 to #11
In Kabayan, products X, Y, Z are produced from a common process and are ready for sale at the point of split-off. Joint costs incurred amount to P750,000. The production data shows the following: UNITS MV/U WEIGHT (kgs/u) INDEX POINTS X 1,500 1,350 P525 8. 10 Y 600 8 1,150 750 Compute for joint cost allocated to Y using the quantitative measure (kgs) method.
TB MC Qu. 11-82 (Algo) Atkinson, Incorporated, manufactures products A, B, and C... Atkinson, Incorporated, manufactures products A, B, and C from a common process. Joint costs were $141,900. Additional information is as follows: If Processed Further Additional Product Units Produced A B C 5,700 6,950 3,475 16,125 Sales Value at Split-Off Sales Value $ 38,200 60,465 41,700 $ 52,450 77,840 52,125 Costs $ 3,800 10,425 13,900 $ 140,365 $ 182,415 $ 28,125 Assuming that joint production costs are allocated using the physical quantities method (units produced), what were the costs allocated to Product A? Note: Do not round intermediate calculations.

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