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 net realizable value at split-off,what amount of joint processing cost is allocated to Product G?
A) $1,017
B) $1,550
C) $2,170
D) $4,263
Correct Answer:
Verified
Correct Answer:
Verified
Q22: The net realizable value approach is
Q23: Why is the net realizable value of
Q24: When allocating joint process cost based on
Q25: Chambers Company<br>Chambers Company produces two products from
Q26: Two methods of allocating joint costs to
Q28: Joint costs are most frequently allocated based
Q29: The method of pricing by-products/scrap where no
Q30: Industrial Solutions Company<br>Industrial Solutions Company produces three
Q31: Joint costs are allocated to joint products
Q32: Relative sales value at split-off is