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USCPA每日一练之BEC【2015-10-15】

来源：高顿网校 2015-10-15

　　Sonimad Sawmill manufactures two lumber products from a joint milling process. The two products developed are mine support braces (MSB) and unseasoned commercial building lumber (CBL). A standard production run incurs joint costs of $300,000 and results in 60,000 units of MSB and 90,000 units of CBL. Each MSB sells for $2 per unit, each CBL sells for $4 per unit.Continuing with the previous data, assume the commercial building lumber is not marketable at split-off but must be further planed and sized at a cost of $200,000 per production run. During this process, 10,000 units are unavoidably lost; these spoiled units have no discernable value. The remaining units of commercial building lumber are saleable at $10.00 per unit. The mine support braces, although saleable immediately at the split-off point, are coated with a tar-like preservative that costs $100,000 per production run. The braces are then sold for $5 each.Using the net realizable value (NRV) basis, the completed cost assigned to each unit of commercial building lumber would be:

　　a.$5.3125

　　b.Some amount other than those given above.

　　c.$2.92

　　d.$5.625

　　Answer:D

　　Choice "D" is correct. $5.625. RULE: If net realizable value cannot be deteriend at split-off, then additional costs added after the split-off point (separable costs) must be subtracted from the final selling price to arrive at net realizable value. [Note: In this question, this applies to CBL only, as MSB is saleable at $2 each at split off.]CBL sales value at split off:

Units of CBL produced	90,000
Less: Spoilage	(10,000)
Units available for sale	80,000

Sales price at point of sale: 80,000 units × $10/unit =	$ 800,000
Less: Processing cost to complete	(200,000)
Sales value at split off	$ 600,000

　　MSB sales value at split off:

60,000 units produced × $2 per unit sales price$120,000

(Note that the additional processing costs incurred to generate a higher selling price of $5 per unit are not relevant to the sales value at split off.)

　　Allocation of joint costs to CBL:

CBL sales value at split off	$ 600,000	(600/720. 83.3%)
MSB sales value at split off	120,000	(120/720. 16.7%)
Total sales value at split off	$ 720,000	(100%)

$300,000 joint costs × 600/720$250,000

(Note that the percentages did not come out "even." In such cases, it is important to use the exact computations on your calculator.)

　　Cost per unit of CBL:


Allocation of joint cost	$ 250,000
Additional processing costs	200,000
Total costs	450,000
Divided by saleable units	- 80,000
Cost per unit	$ 5.625

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