Saturn Company manufactures products X, Y, and Z in a joint process. The following information is available:
Joint product costs are allocated using the sales value at split-off approach.
Required:
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?

Question

Saturn Company manufactures products X, Y, and Z in a joint process. The following information is available:
  Joint product costs are allocated using the sales value at split-off approach.
Required: 
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?

Quizplus · Accepted Answer

The Answer of Saturn Company manufactures products X, Y, and Z in a joint process. The following information is available:
  Joint product costs are allocated using the sales value at split-off approach.
Required: 
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?

Saturn Company Manufactures Products X, Y, and Z in a Joint