Longwood Corporation processes a liquid into three outputs: K-2, K-4, and K-5. The sales value of each of these products for a single batch follows: K-2 K-4 K-5 $ 584,600 433,400 194,500 The joint costs total $900,000. There are no separable production costs. If K-5 is accounted for as a by-product, its sales are credited to the joint manufacturing costs using method 1 described in the text. Required: a-1. What are the allocated joint costs for the three outputs, if K-5 is accounted for as a joint product? a-2. What are the allocated joint costs for the three outputs, if K-5 is accounted for as a by-product? Complete this question by entering your answers in the tabs below. Req A1 Req A2 What are the allocated joint costs for the three outputs, if K-5 is accounted for as a by-product? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollars. Allocated for as a By- K-2 K-4 K-5 Product < Req A1 Req A2 >
Longwood Corporation processes a liquid into three outputs: K-2, K-4, and K-5. The sales value of each of these products for a single batch follows: K-2 K-4 K-5 $ 584,600 433,400 194,500 The joint costs total $900,000. There are no separable production costs. If K-5 is accounted for as a by-product, its sales are credited to the joint manufacturing costs using method 1 described in the text. Required: a-1. What are the allocated joint costs for the three outputs, if K-5 is accounted for as a joint product? a-2. What are the allocated joint costs for the three outputs, if K-5 is accounted for as a by-product? Complete this question by entering your answers in the tabs below. Req A1 Req A2 What are the allocated joint costs for the three outputs, if K-5 is accounted for as a by-product? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollars. Allocated for as a By- K-2 K-4 K-5 Product < Req A1 Req A2 >
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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