Multiple Choice
Russell Co.produces three products - U,V,and W - 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.Last year all three products were processed beyond split-off.Joint production costs for the year were $70,000.Sales values and costs needed to evaluate Russell's production policy follow.
The amount of joint costs allocated to product W using the sales value at split-off method is (calculate all ratios and percentages to 4 decimal places,for example 33.3333%,and round all dollar amounts to the nearest whole dollar) :
A) $19,266.
B) $32,110.
C) $18,624.
D) $28,496.
E) $17,345.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: Revenue methods of by-product cost allocation are
Q55: By-product costing approaches include:<br>A)Activity-based approach.<br>B)Cost approach.<br>C)Asset recognition
Q74: Russell Co.produces three products - U,V,and W
Q75: The Insurance Plus Company has two service
Q76: Dual allocation is a cost allocation approach
Q77: Hatchett Inc.produces joint products L,M,and N from
Q79: The Chapman Manufacturing Company has two service
Q81: Hatchett Inc.produces joint products L,M,and N from
Q82: The Insurance Plus Company has two service
Q83: The Sakicki Manufacturing Company has two service