Deli Products produces two products, X and Y, in a single process.In 2011, the joint costs of this process were $25,000.In addition, 4,000 units of X and 6,000 units of Y were produced.Separable processing costs beyond the split-off point were X-$10,000; Y-$20,000.X sells for $10.00 per unit; Y sells for $7.50 per unit. What is the gross profit of product Y assuming the net realizable value method is used?
A) $13,636
B) $16,364
C) $30,000
D) $45,000
Correct Answer:
Verified
Q31: Which of the following methods allocates joint
Q104: Bond Corporation, which manufactures products W, X,
Q105: Bond Corporation, which manufactures products W, X,
Q107: Figure 7-7 Eden Company manufactures two products,
Q108: Bond Corporation, which manufactures Products W, X,
Q110: Deli Products produces two products, X and
Q111: Deli Products produces two products, X and
Q114: Figure 7-7 Eden Company manufactures two products,
Q142: Which of the following methods allocates a
Q159: Which joint cost allocation method is described
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