Please do not give solution in image format thanku The Mallak Company produced three joint products at a joint cost of $122,000. Two of these products were processed further.Production and sales were:Product Weight Sales Additional Processing Costs311,000 lbs. $PQR111,000 lbs.111,000 lbs.264,25041,000199,750$211,000-0-111,000Assume Q is a by-product and Mallak uses the cost reduction method of accounting for by-product cost. If estimated net realizablevalue is used, how much of the joint costs would be allocated to product R?Multiple Choice$45,000.$50,625.$61,000.$76,250.

A cost that helps more than one product is referred to as a joint cost. Labor, materials, and…

The Mallak Company produced three joint products at a joint cost of $122,000. Two of these products were processed further. Production and sales were: Product Weight Sales Additional Processing Costs 311,000 lbs. $ 111,000 lbs. 111,000 lbs. P R 264,250 41,000 199,750 $ 211,000 -0- 111,000 Assume Q is a by-product and Mallak uses the cost reduction method of accounting for by-product cost. If estimated net realizable value is used, how much of the joint costs would be allocated to product R? Multiple Choice $45,000. $50,625. $61,000. $76,250.

The Mallak Company produced three joint products at a joint cost of $122,000. Two of these products were processed further. Production and sales were: Product Weight Sales Additional Processing Costs 311,000 lbs. $ 111,000 lbs. 111,000 lbs. P R 264,250 41,000 199,750 $ 211,000 -0- 111,000 Assume Q is a by-product and Mallak uses the cost reduction method of accounting for by-product cost. If estimated net realizable value is used, how much of the joint costs would be allocated to product R? Multiple Choice $45,000. $50,625. $61,000. $76,250.

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 10CE: A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each...

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A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each production run costs 12,900. None of the products can be sold at split-off, but must be processed further. Information on one batch of the three products is as follows: Required: 1. Allocate the joint cost to L-Ten, Triol, and Pioze using the net realizable value method. (Round the percentages to four significant digits. Round all cost allocations to the nearest dollar.) 2. What if it cost 2 to process each gallon of Triol beyond the split-off point? How would that affect the allocation of joint cost to the three products?
The Mallak Company produced three joint products at a joint cost of $100,000. Two of these products were processed further. Production and sales were: Product Weight Sales Additional Processing Costs P 300,000 lbs. $ 245,000 $ 200,000 Q 100,000 lbs. 30,000 -0- R 100,000 lbs. 175,000 100,000 What is the net income of Mallak Company if the estimated net realizable value method of joint cost allocation is used? Multiple Choice $150,000. $20,000. $50,000. $350,000.
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $195,000. Additional information follows. Units Product Produced 81,000 56,700 24,300 ΚΑΙ KB KC Sales Value at Split-Off $256,000 224,000 160,000 Required A Required B If Processed Further Total cost of product KA Sales Values Additional Costs $54,000 42,000 35,000 Required: a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA (including $54,000 if processed further)? b. Assuming that joint product costs are allocated using the sales value at split-off (net realizable value method), what was the total cost of product KB (including the $42,000 if processed further)? $330,000 270,000 240,000 Complete this question by entering your answers in the tabs below. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what…
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