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Zena Company manufactures two products (A and B) from a joint processthat cost $200,000 for the year just ended. 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. Further information follows.
Question 1: If the joint costs are allocated based on the physical-units method, the amount of joint cost assigned to product A would be:
Option 1: $80,000.
Option 2: $100,000.
Option 3: $104,000.
Option 4: $120,000.
Option 5: None of these.
Classify each cost as a period or a product cost. Within the product cost category, indicate if the cost is part of direct materials, direct labor or manufacturing overhead (MO).
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