Matching
Indicate whether the following costs would be treated as joint-product costs or costs incurred after the split-off point.Use J for joint product costs and S for costs incurred after the split-off point.
Premises:
Costs of chopping onions to be used in spaghetti sauce and soup in a food manufacturer
Cost of processing wood and sawdust into particle board in a sawmill
Costs of processing apples at a cider mill
Cost of processing rejected meat parts into hot dogs in a meat processing plant
Costs of processing pineapples into juice and sliced pineapples
Costs of refining gasoline in (d) above
Costs of running a fishing boat used to catch varieties of fish, lobsters, etc.
Labor costs, of “shucking” clams to produce clam chowder
Utility costs of processing timber for a lumber manufacturer
Cost of planting, growing and picking pineapples in a pineapple factory
Ingredients and packaging added to batches of spaghetti in (g) above
Processing of pulp into paperboard in a paper manufacturer
Depreciation on oil rigs for an oil producer
Responses:
joint product costs
costs incurred after the split-off point
Correct Answer:
Premises:
Responses:
Costs of chopping onions to be used in spaghetti sauce and soup in a food manufacturer
Cost of processing wood and sawdust into particle board in a sawmill
Costs of processing apples at a cider mill
Cost of processing rejected meat parts into hot dogs in a meat processing plant
Costs of processing pineapples into juice and sliced pineapples
Costs of refining gasoline in (d) above
Costs of running a fishing boat used to catch varieties of fish, lobsters, etc.
Labor costs, of “shucking” clams to produce clam chowder
Utility costs of processing timber for a lumber manufacturer
Cost of planting, growing and picking pineapples in a pineapple factory
Ingredients and packaging added to batches of spaghetti in (g) above
Processing of pulp into paperboard in a paper manufacturer
Depreciation on oil rigs for an oil producer
Premises:
Costs of chopping onions to be used in spaghetti sauce and soup in a food manufacturer
Cost of processing wood and sawdust into particle board in a sawmill
Costs of processing apples at a cider mill
Cost of processing rejected meat parts into hot dogs in a meat processing plant
Costs of processing pineapples into juice and sliced pineapples
Costs of refining gasoline in (d) above
Costs of running a fishing boat used to catch varieties of fish, lobsters, etc.
Labor costs, of “shucking” clams to produce clam chowder
Utility costs of processing timber for a lumber manufacturer
Cost of planting, growing and picking pineapples in a pineapple factory
Ingredients and packaging added to batches of spaghetti in (g) above
Processing of pulp into paperboard in a paper manufacturer
Depreciation on oil rigs for an oil producer
Responses:
Related Questions
Q14: The following set up is a
Q15: Steven Parker owns and operates Steven's
Q16: Clean-Burn,Inc.is a small petroleum company that
Q17: Simpson Manufacturing Enterprises uses a joint production
Q19: Cordner Corporation has two production Departments: P1
Q20: Bartoff Foods produces three supplemental food products
Q21: The Hsu Manufacturing Company has two
Q22: Boswell Consulting has two service departments: S1
Q23: The Mallak Company produced three joint
Q137: What is the difference between an intermediate