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Use the Following Information to Answer the Following Questions

question 35

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Use the following information to answer the following Questions
Stoney Brook Company produces two products (X and Y) from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Joint manufacturing costs for the year were $60,000. Sales values and costs were as follows:
Use the following information to answer the following Questions Stoney Brook Company produces two products (X and Y)  from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Joint manufacturing costs for the year were $60,000. Sales values and costs were as follows:    -If the joint production costs are allocated based on the net-realizable-value method, the amount of joint cost assigned to product Y would be: A)  $20,000. B)  $27,000. C)  $33,000. D)  $40,000. E)  None of the answers is correct.

-If the joint production costs are allocated based on the net-realizable-value method, the amount of joint cost assigned to product Y would be:


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Organic Ingredients

Components sourced from farming practices that do not use synthetic pesticides, fertilizers, or genetically modified organisms (GMOs).

Assumptive Close

A sales technique where the seller assumes that the buyer has already decided to purchase and wraps up the sale accordingly.

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Compliment Close

A sales technique where the salesperson compliments the prospect to create a positive atmosphere and encourage a sale.

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