Marin Products produces three products â DBB-1, DBB-2, and DBB-3 from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Key information about Marin's production, sales, and costs follows. DBB-1 DBB-2 DBB-3 Total Units Sold 16,000 24,000 36,000 76,000 Price (after addtâl processing) $65 $50 $75 Separable Processing cost $110,000 $44,000 $66,000 $220,000 Units Produced 16,000 24,000 36,000 76,000 Total Joint Cost $3,600,000 Sales Price at Split-off $25 $35 $55 The amount of joint costs allocated to product DBB-2 using the net realizable value method is (calculate all ratios and percentages to 2 decimal places, for example 33.33%, and round all dollar amounts to the nearest whole dollar):
Marin Products produces three products â DBB-1, DBB-2, and DBB-3 from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Key information about Marin's production, sales, and costs follows. DBB-1 DBB-2 DBB-3 Total Units Sold 16,000 24,000 36,000 76,000 Price (after addtâl processing) $65 $50 $75 Separable Processing cost $110,000 $44,000 $66,000 $220,000 Units Produced 16,000 24,000 36,000 76,000 Total Joint Cost $3,600,000 Sales Price at Split-off $25 $35 $55 The amount of joint costs allocated to product DBB-2 using the net realizable value method is (calculate all ratios and percentages to 2 decimal places, for example 33.33%, and round all dollar amounts to the nearest whole dollar):
Related questions
The Armstrong Company uses a joint process to produce productsA, B, C, and D. Each product may be sold at its split-off point orprocessed further. Joint processing costs for a single batch ofjoint products are $120,000. Other relevant data are:
Product | Sales Value at Split-Off | Additional Processing Costs | Sales Value After Processing |
A | $ 25,000 | $ 12,000 | $ 48,000 |
B | 24,000 | 16,000 | 36,000 |
C | 44,000 | 28,000 | 70,000 |
D | 17,000 | 10,000 | 32,000 |
Required:
Determine when each product shouldbe sold. Show calculations to support your answers.
The Armstrong Company uses a joint process to produce productsA, B, C, and D. Each product may be sold at its split-off point orprocessed further. Joint processing costs for a single batch ofjoint products are $120,000. Other relevant data are:
Product | Sales Value at Split-Off | Additional Processing Costs | Sales Value After Processing |
A | $ 25,000 | $ 12,000 | $ 48,000 |
B | 24,000 | 16,000 | 36,000 |
C | 44,000 | 28,000 | 70,000 |
D | 17,000 | 10,000 | 32,000 |
Required:
Determine when each product shouldbe sold. Show calculations to support your answers.
The Armstrong Company uses a joint process to produce productsA, B, C, and D. Each product may be sold at its split-off point orprocessed further. Joint processing costs for a single batch ofjoint products are $120,000. Other relevant data are:
Product | Sales Value at Split-Off | Additional Processing Costs | Sales Value After Processing |
A | $ 25,000 | $ 12,000 | $ 48,000 |
B | 24,000 | 16,000 | 36,000 |
C | 44,000 | 28,000 | 70,000 |
D | 17,000 | 10,000 | 32,000 |
Required:
Determine when each product shouldbe sold. Show calculations to support your answers.
