Chapter 7: Allocating Costs of Support Departments and Joint Products
170. Henderson Company pays a flat fee of $500 for the right to retrieve stray golf balls from lakes and ponds at
golf and country clubs. The recovered balls are then cleaned, graded as to quality (birdie, bogey, or duffer), and
sold to sporting goods stores at the following prices per dozen: birdie quality, $5; bogey quality, $4; and duffer
quality, $3. Last month $8,000 of cost was incurred retrieving the following quantities of golf balls: birdie quality,
1,000 dozen; bogey quality, 3,000 dozen; and duffer quality, 2,000 dozen.
Required: (Calculate relative quantity to three decimal points.)
a. Determine the cost and gross profit percent for each type of golf ball using the physical units method of
joint cost allocation.
b. Repeat part (a) using the sales-value-at-split–off method of joint cost allocation.
c. The company has an opportunity to sell bogey quality balls for $4.50 per dozen to a company that operates
golf driving ranges; however, the balls will have to be painted and striped. The company estimates that the
cost of painting and striping will be 60 cents per dozen. Assuming the physical unit method is used to
allocate joint costs, should the offer be accepted?