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30. Which of the following is not an ethical issue managers encounter with cost allocation?
31. The departmental cost allocation approach is preferred when the firm has:
32. Harmon Inc. produces joint products L, M, and N from a joint process. Information
concerning a batch produced in May at a joint cost of $75,000 was as follows:
L M N Total
Separable Processing cost $10,000 $25,000 $2,000 $37,000
Units Produced 1,200 2,500 4,300 8,000
Sales Value (after addt’l processing) $60,000 $50,000 $7,000 $117,000
The amount of joint costs allocated to product L using the physical measure method is
(calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all
dollar amounts to the nearest whole dollar):
33. Harmon Inc. produces joint products L, M, and N from a joint process. Information
concerning a batch produced in May at a joint cost of $75,000 was as follows:
L M N Total
Separable Processing cost $10,000 $25,000 $2,000 $37,000
Units Produced 1,200 2,500 4,300 8,000
Sales Value (after addt’l processing) $60,000 $50,000 $7,000 $117,000
The amount of joint costs allocated to product M using the physical measure method is
(calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all
dollar amounts to the nearest whole dollar):
34. Harmon Inc. produces joint products L, M, and N from a joint process. Information
concerning a batch produced in May at a joint cost of $75,000 was as follows:
L M N Total
Separable Processing cost $10,000 $25,000 $2,000 $37,000
Units Produced 1,200 2,500 4,300 8,000
Sales Value (after addt’l processing) $60,000 $50,000 $7,000 $117,000
The amount of joint costs allocated to product N using the physical measure method is
(calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all
dollar amounts to the nearest whole dollar):
35. Harmon Inc. produces joint products L, M, and N from a joint process. Information
concerning a batch produced in May at a joint cost of $75,000 was as follows:
L M N Total
Separable Processing cost $10,000 $25,000 $2,000 $37,000
Units Produced 1,200 2,500 4,300 8,000
Sales Value (after addt’l processing) $60,000 $50,000 $7,000 $117,000
The amount of joint costs allocated to product L using the net realizable value method is
(calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all
dollar amounts to the nearest whole dollar):
36. Harmon Inc. produces joint products L, M, and N from a joint process. Information
concerning a batch produced in May at a joint cost of $75,000 was as follows:
L M N Total
Separable Processing cost $10,000 $25,000 $2,000 $37,000
Units Produced 1,200 2,500 4,300 8,000
Sales Value (after addt’l processing) $60,000 $50,000 $7,000 $117,000
The amount of joint costs allocated to product M using the net realizable value method is
(calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all
dollar amounts to the nearest whole dollar):
37. Harmon Inc. produces joint products L, M, and N from a joint process. Information
concerning a batch produced in May at a joint cost of $75,000 was as follows:
L M N Total
Separable Processing cost $10,000 $25,000 $2,000 $37,000
Units Produced 1,200 2,500 4,300 8,000
Sales Value (after addt’l processing) $60,000 $50,000 $7,000 $117,000
The amount of joint costs allocated to product N using the net realizable value method is
(calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all
dollar amounts to the nearest whole dollar):
38. Garrison Co. produces three products — X, Y, and Z — from a joint process. Each product
may be sold at the split-off point or processed further. Additional processing requires no special
facilities, and production costs of further processing are entirely variable and traceable to the
products involved. Last year all three products were processed beyond split-off. Joint production
costs for the year were $120,000. Sales values and costs needed to evaluate Garrison's
production policy follow.
Units Sales Value at If Processed Further
Product Produced Split Off Sales Value Additional Costs
X 6,000 $40,000 $80,000 $1,200
Y 3,000 15,000 40,000 3,000
Z 1,000 16,000 30,000 1,500
The amount of joint costs allocated to product X using the physical measure method is
(calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all
dollar amounts to the nearest whole dollar):
39. Garrison Co. produces three products — X, Y, and Z — from a joint process. Each product
may be sold at the split-off point or processed further. Additional processing requires no special
facilities, and production costs of further processing are entirely variable and traceable to the
products involved. Last year all three products were processed beyond split-off. Joint production
costs for the year were $120,000. Sales values and costs needed to evaluate Garrison's
production policy follow.
Units Sales Value at If Processed Further
Product Produced Split Off Sales Value Additional Costs
X 6,000 $40,000 $80,000 $1,200
Y 3,000 15,000 40,000 3,000
Z 1,000 16,000 30,000 1,500
The amount of joint costs allocated to product Y using the physical measure method is
(calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all
dollar amounts to the nearest whole dollar):
40. Garrison Co. produces three products — X, Y, and Z — from a joint process. Each product
may be sold at the split-off point or processed further. Additional processing requires no special
facilities, and production costs of further processing are entirely variable and traceable to the
products involved. Last year all three products were processed beyond split-off. Joint production
costs for the year were $120,000. Sales values and costs needed to evaluate Garrison's
production policy follow.
Units Sales Value at If Processed Further
Product Produced Split Off Sales Value Additional Costs
X 6,000 $40,000 $80,000 $1,200
Y 3,000 15,000 40,000 3,000
Z 1,000 16,000 30,000 1,500
The amount of joint costs allocated to product Z using the physical measure method is
(calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all
dollar amounts to the nearest whole dollar):
41. Garrison Co. produces three products — X, Y, and Z — from a joint process. Each product
may be sold at the split-off point or processed further. Additional processing requires no special
facilities, and production costs of further processing are entirely variable and traceable to the
products involved. Last year all three products were processed beyond split-off. Joint production
costs for the year were $120,000. Sales values and costs needed to evaluate Garrison's
production policy follow.
Units Sales Value at If Processed Further
Product Produced Split Off Sales Value Additional Costs
X 6,000 $40,000 $80,000 $1,200
Y 3,000 15,000 40,000 3,000
Z 1,000 16,000 30,000 1,500
The amount of joint costs allocated to product X using the sales value at split-off method is
(calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all
dollar amounts to the nearest whole dollar):
42. Garrison Co. produces three products — X, Y, and Z — from a joint process. Each product
may be sold at the split-off point or processed further. Additional processing requires no special
facilities, and production costs of further processing are entirely variable and traceable to the
products involved. Last year all three products were processed beyond split-off. Joint production
costs for the year were $120,000. Sales values and costs needed to evaluate Garrison's
production policy follow.
Units Sales Value at If Processed Further
Product Produced Split Off Sales Value Additional Costs
X 6,000 $40,000 $80,000 $1,200
Y 3,000 15,000 40,000 3,000
Z 1,000 16,000 30,000 1,500
The amount of joint costs allocated to product Y using the sales value at split-off method is
(calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all
dollar amounts to the nearest whole dollar):
