Multiple Choice
Ryan Company
Ryan Company manufactures products X and Y from a joint process that also yields a by-product,Z.Revenue from sales of Z is treated as a reduction of joint costs.Additional information is as follows:
| Products | ||||
| X | Y | Z | Total | |
| Units produced | 20,000 | 20,000 | 10,000 | 50,000 |
| Joint costs | ? | ? | ? | $262,000 |
| Sales value at | ||||
| split-off | $300,000 | $150,000 | $10,000 | $460,000 |
Joint costs were allocated using the sales value at split-off approach.
Refer to Ryan Company.The joint costs allocated to product Y were
A) $ 84,000
B) $100,800.
C) $150,000.
D) $168,000.
Correct Answer:
Verified
Correct Answer:
Verified
Q40: Shiny Floors Company<br>Shiny Floors Company produces four
Q41: Scrap is defined as a<br>A)finished unit of
Q42: Net realizable value equals product sales revenue
Q43: Briefly discuss the six steps in the
Q44: If incremental revenues beyond split-off are less
Q46: Chambers Company<br>Chambers Company produces two products from
Q47: Industrial Solutions Company<br>Industrial Solutions Company produces three
Q48: In a lumber mill,which of the following
Q49: Three types of products that result from
Q50: Shiny Floors Company<br>Shiny Floors Company produces four