Reference no: EM13788120
Brant Corporation manufactures two products out of joint process: Scout an Andro. The joint costs incurred are $400,000 for a standard production run that generates 70,000 pounds of Scout and 30,000 pounds of Andro. Scout sells for $9.00 per pound and Andros sells for $7.00 per pound.
1. If there are no additional processing costs incurred after the splitoff point, the amount of joint cost of each production run allocated to Scout on a physical quantity basis is:
2. If there are no additional processing costs incurred after the splitoff point, the amount of joint cost of each production run allocated to Andro on a sales value at splitoff basis is:
3. If additional processing costs beyond the splitoff point are $1.00 per pound for Scout and $2.3333 per pound for Andro, the amount of joint cost of each production run allocated to Andro on a physical quantity basis is:
4. If additional processing costs beyond the splitoff points are $1.00 per pound for Scout and $2.3333 per poudn for Andro, the amount of joint cost of each production run allocated to Andro on an estimated net-realizable value basis is:
5. Assume the same cost information for the Brant Corporation is in question 4, with the exception that the total joint cost for a standard production run that generates 70,000 pounds of Scout and 30,000 pounds of Andro is $448,000. Using the constant gross margin NRV method, the amount of joint cost allocated to Scout is:
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