Z, production, Inc., processes pine rosin into three products: turpentine, paint thinner, and spot remover. During June, the joint costs of processing were $100,000. Production and sales value information for the month is as follows: Product Units Produced Sales Price at Splitoff Point
Turpentine 5,000 liters $10
Paint thinner 5,000 liters $20
Spot remover 10,000 liters $15
Product Sales Value at Splitoff Percentage Joint Costs Allocated
Turpentine
Paint thinner
Spot remover
Totals $100,000
Required:
Determine the amount of joint cost allocated to each product if the physical-measure method is used.
A. Turpentine 517,000: Paint thinner 533,000; Spot remover $50,000.
B. Turpentine S20,000; Paint thinner $25,000; Spot remover $55,000.
C. None of them.

Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?