Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. deming & sons manufactures four grades of lubr

Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint...

Free

70.2K

Verified Solution

Question

Accounting

Deming & Sons manufactures four grades of lubricant, W-10,W-20, W-30, and W-40, from a joint process. Additional informationfollows:

IfProcessed Further
ProductUnitsProducedSales Value at Split-OffAdditional CostsSales Values
W-1061,600$368,000$39,600$402,000
W-2044,000316,00031,600368,000
W-3035,200212,00021,200264,000
W-4035,200160,00013,200176,000
176,000$1,056,000$105,600$1,210,000

Required:

Assuming that total joint costs of $443,520 were allocated usingthe physical quantities method, what joint costs were allocated toeach product? (Do not round intermediatecalculations.)

Answer & Explanation Solved by verified expert
4.0 Ratings (507 Votes)

Grades Joint costs allocation
W-10 $                           155,232 =443520*(61600/176000)
W-20 $                           110,880 =443520*(44000/176000)
W-30 $                              88,704 =443520*(35200/176000)
W-40 $                              88,704 =443520*(35200/176000)
Total $                           443,520

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Mechanical Engineering
1.2K views

staybolts are most commonly used in ------ boilers.

Economics
1.2K views

The total product curve: Question options: a) will be downward sloping if there are diminishing returns to the variable...

Physics
1.2K views

Two radio active substances A and B have decay constant 52 and respectively At t...

Geometry
1.2K views

Two ships 1600 ft apart detect a submarine directly between them The angle of depression...

Basic Math
1.2K views

The Saskatchewan Roughriders started a rainy day savings fund 5 years ago to help pay...

Accounting
1.2K views

What is write-down per unit? How to calculate it?

Accounting
1.2K views

Courtney Company uses a periodic inventory system. The following data were available: beginning inventory, 1,300...

Accounting
1.2K views

We Build Them Xpensie, PLLC, a manufacturer of chicken coops bought a new building to...

Accounting
1.2K views

Please help ASAP!! Thank you!!!! Sol Company is issuing the...

Accounting
1.2K views

On July 1, 2017, Martinez Manufacturing Co. issued a five-year note payable with a face...

Accounting
1.2K views

IThe folowing wiformanion apgles fo the questions disaliypd bellow] Phoenix Company reports the...

Finance
1.2K views

Fuente, Incorporated, has identified an investment project with the following cash flows. a.If the discount...