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StormLrd StormLrd
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Posts: 1017
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6 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:
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wrote...
#1
6 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
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