ACC445 P2T3 IP2 due 1-26-07 - ACC445-0701A-01 Cost...

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ACC445-0701A-01 Cost Accounting Cara Cole/Estes Phase 2, Task 3 – Individual Project #2 Due: 1/26/07 Allocating Joint Costs with the Physical Measure Method 2003 Total Joint Production Cost: $641,000 Product Production Units Proportion Allocation Pulp Free Orange Juice 490,000 75% 483,215.38 High Pulp Orange Juice 160,000 25% 157,784.62 Total 650,000 100% 641,000 2004 Total Joint Production Cost: $835,000 Product Production Units Proportion Allocation Pulp Free Orange Juice 624,000 74% 615,522.74 High Pulp Orange Juice 222,500 26% 219,477.26 Total 846,500 100% 835,000 2005 Total Joint Production Cost: $915,000 Product Production Units Proportion Allocation Pulp Free Orange Juice 694,000 74% 674,108.28 High Pulp Orange Juice 248,000 26% 240,891.72 Total 942,000 100% 915,000 Joint Costs / Total Gallons Produced = Joint Cost Per Gallon 2003 $641,000 / 650,000 = $0.986153846 0.986153846 2004 $835,000 / 846,500 = $0.986414649 0.986414649 2005 $915,000 / 942,000 = $0.971337580 0.971337580 Joint Cost Per Gallon x Gallon of Pulp Free Orange Juice = Joint Cost of Pulp Free Orange Juice
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This note was uploaded on 11/05/2011 for the course ACCOUNTING 101 taught by Professor Online during the Spring '11 term at Colorado Technical University.

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