Shiny Floors Company Shiny Floors Company produces four floor cleaners from the same process: C,D,E,and G.Joint product costs are $9,000.(Round all answers to the nearest dollar. )

Barrels Sales price per barrel at split-off Disposal cost per barrel at split-off Further processing costs Final sales price per barrel

C 750 $10.00 $6.50 $2.00 $13.50

D 1,000 8.00 4.00 2.50 10.00

E 1,400 11.00 7.00 4.00 15.50

G 2,000 15.00 9.50 4.50 19.50

If Shiny Floors sells the products after further processing,the following disposal costs will be incurred: C,$2.50;D,$1.00;E,$3.50;G,$6.00. Refer to Shiny Floors Company.Using a physical measurement method,what amount of joint processing cost is allocated to Product C?

Question

Shiny Floors Company Shiny Floors Company produces four floor cleaners from the same process: C,D,E,and G.Joint product costs are $9,000.(Round all answers to the nearest dollar. )

	Barrels	Sales price per barrel at split-off	Disposal cost per barrel at split-off	Further processing costs	Final sales price per barrel
C	750	$10.00	$6.50	$2.00	$13.50
D	1,000	8.00	4.00	2.50	10.00
E	1,400	11.00	7.00	4.00	15.50
G	2,000	15.00	9.50	4.50	19.50

If Shiny Floors sells the products after further processing,the following disposal costs will be incurred: C,$2.50;D,$1.00;E,$3.50;G,$6.00. Refer to Shiny Floors Company.Using a physical measurement method,what amount of joint processing cost is allocated to Product C?

Quizplus · Accepted Answer

The physical measurement method allocates joint costs based on a physical measure, such as weight, volume, or in this case, barrels. To find the allocation for Product C, first calculate the total barrels produced: 750 (C) + 1,000 (D) + 1,400 (E) + 2,000 (G) = 5,150 barrels. Then, find the proportion of Product C's barrels to the total: 750 barrels / 5,150 barrels = 0.1456. Finally, multiply this proportion by the total joint costs: 0.1456 * $9,000 = $1,310.87, rounded to the nearest dollar is $1,311.

Shiny Floors Company Shiny Floors Company Produces Four Floor Cleaners from the Same