× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
g
2
2
C
1
1
1
c
1
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
StormLrd StormLrd
wrote...
Posts: 1017
Rep: 0 0
7 years ago
Using the NRV method, the amount of joint costs allocated to Kraxton is
A) $170,408.
B) $278,280.
C) $121,720.
D) $389,592.
E) $111,312.
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
Read 81 times
1 Reply

Related Topics

Replies
wrote...
#1
7 years ago
A
Explanation:  A) Jaxton net realizable value = [12,000 * $48] - [12,000 * $8] = $480,000
Kraxton net realizable value = [3,000 * $102] - [3,000 * $32] = $210,000
J proportion = $480,000/[$480,000 + $210,000] = 69.57%
K proportion = $210,000/[$480,000 + $210,000] = 30.43%
Joint costs allocated to J = .6957 * $560,000 = $389,592
Joint costs allocated to K = .3043 * $560,000 = $170,408
New Topic      
Quick Reply
Bold
Italic
Underline
Strikethrough
Subscript
Superscript
Insert Math Equation
Font Name
Font Color
Align left
Center
Align right
Bullet list
Numbered list
Insert a horizontal rule
Insert a table
Insert a Quote
View source
Explore
Post your homework questions and get free online help from our incredible volunteers
  680 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Show Emoticons
:):(;):P:D:|:O:?:nerd:8o:glasses::-):-(:-*O:-D>:-D:o):idea::important::help::error::warning::favorite:
Related Images
  
 269
  
 1926
  
 671
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 799
Previous poll results: Should Ph.D.'s be addressed as doctors?