Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. double company produces three products dbb-1, dbb

Double Company produces three products DBB-1, DBB-2, and DBB-3 from a joint process. Each...

50.1K

Verified Solution

Question

Accounting

Double Company produces three products DBB-1, DBB-2, and DBB-3 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. Key information about Double's production, sales, and costs follows.

DBB-1 DBB-2 DBB-3 Total
Units Sold 17,000 25,500 37,500 80,000
Price (after additional processing) $ 65 $ 50 $ 75
Separable Processing cost $ 116,875 $ 46,750 $ 68,750 $ 232,375
Units Produced 17,000 25,500 37,500 80,000
Total Joint Cost $ 3,800,000
Sales Price at Split-off $ 25 $ 35 $ 55

The amount of joint costs allocated to product DBB-2 using the sales value at split-off method is:

Multiple Choice

$1,003,402.

$718,250.

$477,811.

$892,500.

$2,318,787.

Answer & Explanation Solved by verified expert
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

Q

You test two different bacterial strains with the nitrate test. One tube (organism 1) turns red...

Biology
Q

The angle of polarisation for a pair of medium is 60 then the critical angle...

Physics
Q

Use a graphing device to solve the inequality, as in Example 5. Express your answer...

Basic Math
Q

In the pool example we concluded that events DF and IC are dependent events because...

Statistics
Q

Find the volume of the cone given the measures shownHint: To add the pi symbol...

Algebra
Q

At December 31,2027, Flint Corporation reported the following plant assets. ...

Accounting
Q

Solve the wrong ones and leave the procedure Pharoah Products manufactures and sells...

Accounting
Q

At the beginning of 2020, Pearl Company acquired a mine for $493,900. Of this amount,...

Accounting
Q

Tony and Suzie graduate from college in May 2021 and begin developing their new business....

Accounting
Q

Exercise 2-7(Algo) Job-Order Costing; Working Backwards [LO2-1, LO2-2, LO2-3] Hahn Company uses a...

Accounting
Q

Callaway Golf Company sells on account to golf pro shops and general sporting goods retailers....

Accounting
Q

The common stock and debt of Sheridan Shoes are valued at $145 million and $90...

Finance