cost accounting 第七章课堂练习2.docVIP

The following data relates to questions 12.1 and 12.2 A company manufactures two joint products, P and R, in a common process. Data for June are as follows. $ Opening inventory 1,000 Direct materials added 10.000 Conversion costs 12,000 Closing inventory 3,000 Production Sales Sales price Units Units $ per unit P 4,000 5,000 5 R 6,000 5,000 10 12.1 If costs are apportioned between joint products on a sales value basis, what was the cost per unit of product R in June? A $1.25 B $2.22 C $2.50 D $2.75 Answer：C 12.2 If costs are apportioned between joint products on a physical unit basis, what was the total cost of product P production in June? A $8,000 B $8,800 C $10,000 D $12,000 Answer：A 12.3 Which of the following statements is/are correct? (i) A by-product is a product produced at the same time as other products which has a relatively low volume compared with the other products. (ii) Since a by-product is a salable item it should be separately costed in the process account, and should absorb some of the process costs. (iii)Costs incurred prior to the point of separation are known as common or joint costs. A (i) and (ii) B (i) and (iii) C (ii) and (iii) D (iii) only Answer：D 12.4 A company manufactures two joint products and one by-product in a single process. Data for November are as follows. $ Raw material input 216,000 Conversion costs 72,000 There were no inventories at the beginning or end of the period. Output Sales price Units $ per unit Joint product E 21,000 15 Joint product Q 18,000 10 By-product X 2,000 2 By-product sales revenue is credited to the process account. Joint costs are apportioned on a sales value basis. What were the full production costs of product Q in November (to the nearest $)? A $102,445 B $103,273 C $104,727 D $180,727 Answer：B 12.5 A company manufa