23. 9. 6.

오후 7:50 Practice Test Review | CPA

Row 2: Kerosene | $13,500

Using allocation by unit volume, kerosene shows a volume of 48,840 gallons for the year (3,500
× 3) + (4,260 × 9). Fuel oil shows a volume of 113,960 gallons for the year (8,490 × 4) + (10,000 ×
8). Total volume in gallons between the two products is 162,800 and kerosene's volume
represents 30 percent of the total while fuel oil's volume represents the other 70 percent. 30% ×
$45,000 in joint costs = $13,500.

Row 3: Fuel oil | $31,500

Per the calculation above, the remaining 70 percent of joint costs go to fuel oil. 70% × $45,000 =
$31,500.

Row 4: Liquid asphalt | $3,380

Using the sales value per product at split-off, liquid asphalt has a total sales value of $37,050
(2,850 gallons × $13) and gasoline has a total sales value of $34,200 (1,900 gallons × $18). Total
sales value at split-off for both products is $71,250, with liquid asphalt representing 52 percent.
52% × $6,500 in joint costs = $3,380.

Row 5: Gasoline | $3,120

Per the calculation above, the remaining 48 percent of joint costs go to gasoline. 48% × $6,500 =
$3,120.

Row 6: Coal tar | $36,000

Without having sales values at split-off, the amounts must be derived as follows:

Coal tar: (4,000 units × $40) - $52,000 = $108,000

Paraffin: (2,800 units × $60) - $36,000 = $132,000
Total: $108,000 + $132,000 = $240,000. X = 45%, Y = 55%
Coal Tar: 45% × Joint Costs of $80,000 = $36,000

Row 7: Paraffin | $44,000

Per the calculation above, paraffin will be allocated 55 percent of joint costs. 55% × $80,000 =
$44,000.

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