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Cost Acctg QUIZ 8

Cost Acctg QUIZ 8 - Cost Accounting Quiz Quiz#8(CHAPTER 16...

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Cost Accounting Quiz Quiz #8 ( CHAPTER 16 QUIZ) The following data apply to questions 1–5. Brant Corporation manufactures two products out of a joint process—Scout and Andro. The joint (common) costs incurred are $400,000 for a standard production run that generates 70,000 pounds of Scout and 30,000 pounds of Andro. Scout sells for $9.00 per pound whereas Andro sells for $7.00 per pound. 1. If there are no additional processing costs incurred after the splitoff point, the amount of joint cost of each production run allocated to Scout on a physical-quantity basis is a. $300,000. b. $280,000. c. $120,000. d. $100,000. 2. If there are no additional processing costs incurred after the splitoff point, the amount of joint cost of each production run allocated to Andro on a sales value at splitoff basis is
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