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Maddux Company Manufactures Products X,Y,and Z in a Joint Process \quad

Question 125

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Maddux Company manufactures products X,Y,and Z in a joint process.The following information is available:
\quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad  Praducts  \text { Praducts }
XYZ Tatal  Urits praduced 12,000??24,000 Sales value  at split-aff ??$50,000$200,000 Jaint costs $48,000??$120,000 Sales value if  pracessed further 110,000$90,000$60,000$260,000 Adrlitional cost if  pracessed further $18,000$14,000$10,000$42,000\begin{array} { | l | c | c | c | c | } \hline & \mathbf { X } & \mathbf { Y } & \mathbf { Z } & \text { Tatal } \\\hline \text { Urits praduced } & 12,000 & ? & ? & 24,000 \\\hline \text { Sales value } & & & & \\\hline \text { at split-aff } & ? & ? & \$ 50,000 & \$ 200,000 \\\hline \text { Jaint costs } & \$ 48,000 & ? & ? & \$ 120,000 \\\hline \text { Sales value if } & & & & \\\hline \text { pracessed further } & 110,000 & \$ 90,000 & \$ 60,000 & \$ 260,000 \\\hline \text { Adrlitional cost if } & & & & \\\hline \text { pracessed further } & \$ 18,000 & \$ 14,000 & \$ 10,000 & \$ 42,000 \\\hline\end{array} Joint product costs are allocated using the sales value at split-off approach.
a.What is the sales-value-at-split-off for Product X?
b.What is the amount of joint costs allocated to Product Y using the sales-value-at-split-off method?
c.If the company used the physical units method to allocate joint cost,how much joint cost would be allocated to Product X?

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a.$48,000/$120,000 * $200,000 ...

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