Multiple Choice
Shiny Floors Company
Shiny Floors Company produces four floor cleaners from the same process: C,D,E,and G.Joint product costs are $9,000.(Round all answers to the nearest dollar. )
| Barrels | Sales price per barrel at split-off | Disposal cost per barrel at split-off | Further processing costs | Final sales price per barrel | |
| C | 750 | $10.00 | $6.50 | $2.00 | $13.50 |
| D | 1,000 | 8.00 | 4.00 | 2.50 | 10.00 |
| E | 1,400 | 11.00 | 7.00 | 4.00 | 15.50 |
| G | 2,000 | 15.00 | 9.50 | 4.50 | 19.50 |
If Shiny Floors sells the products after further processing,the following disposal costs will be incurred: C,$2.50;D,$1.00;E,$3.50;G,$6.00.
Refer to Shiny Floors Company.Using sales value at split-off,what amount of joint processing cost is allocated to Product C?
A) $4,433
B) $2,276
C) $1,108
D) $1,182
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q9: The net realizable value approach requires that
Q10: Allocating joint costs based upon a physical
Q11: If two or more products share a
Q12: Which of the following has sales
Q13: Approximated net realizable value at split-off for
Q15: The point at which individual products are
Q16: The point at which individual products are
Q17: While preparing a salad,the chef removes the
Q18: Joint cost allocation is useful for<br>A)decision making.<br>B)product
Q19: For purposes of allocating joint costs to