A company manufactures two joint products and one by-product in a single process. Data for November are as follows. $ Raw material input 216,000 Conversion costs 72,000 There were no inventories at the beginning or end of the period. Output Sales price Units $ per unit Joint product
E、21,000 15 Joint product Q 18,000 10 By-product X 2,000 2 By-product sales revenue is credited to the process account. Joint costs are apportioned on a sales value basis. What were the full production costs of product Q in November (to the nearest $)?
A、$102,445
B、$103,273
C、$104,727
D、$180,727
E、21,000 15 Joint product Q 18,000 10 By-product X 2,000 2 By-product sales revenue is credited to the process account. Joint costs are apportioned on a sales value basis. What were the full production costs of product Q in November (to the nearest $)?
A、$102,445
B、$103,273
C、$104,727
D、$180,727
【参考答案及解析】
Net process costs $ Raw material input 216,000 Conversion costs 72,000 Less by-product revenue (4,000) Net process cost 284,000 Apportioned Production Units Sales value$ cost E 21,000 (x $15) 315,000 ($284,000 x 315/495) 180,727 Q 18,000 (x $10) 180,000 ($284,000 x 180/495) 103,273 495,000 284,000
Net process costs $ Raw material input 216,000 Conversion costs 72,000 Less by-product revenue (4,000) Net process cost 284,000 Apportioned Production Units Sales value$ cost E 21,000 (x $15) 315,000 ($284,000 x 315/495) 180,727 Q 18,000 (x $10) 180,000 ($284,000 x 180/495) 103,273 495,000 284,000