Use the information below to answer the following question(s) .
Cranbrook Chemical Ltd. manufactures two industrial compounds. In the month of May, 15,000 litres of direct material costing $160,000 were processed at a cost of $400,000. The joint process yielded 16,000 containers of a compound known as Jarlon and 4,000 containers of a compound known as Kharton. The respective selling prices of Jarlon and Kharton are $38 and $58. Both products may be processed further. Jarlon may be processed into Jaxton at an incremental cost of $8 per jar of the final product while Kharton may be processed into Kraxton at an additional cost of $32 per jar of the final product. The volume of jars of the final product are: 12,000 and 3,000 for Jaxton and Kraxton respectively. The selling price of Jaxton is $48 per jar. The selling price of Kraxton is $102 per jar.
-Using the sales value at splitoff method, the percentage weightings for joint cost allocations for Jarlon and Kharton respectively are
A) 27.62% and 72.38%.
B) 80.00% and 20.00%.
C) 39.58% and 60.42%.
D) 72.38% and 27.62%.
E) 60.42% and 39.58%.
Correct Answer:
Verified
Q19: Which of the following is FALSE concerning
Q20: The Arvid Corporation manufactures widgets, gizmos, and
Q21: Answer the following question(s) using the information
Q22: Answer the following question(s) using the information
Q23: Answer the following question(s) using the information
Q25: Use the information below to answer the
Q26: Use the information below to answer the
Q27: Use the information below to answer the
Q28: Use the information below to answer the
Q29: Use the information below to answer the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents