Arkansas Corporation manufactures liquid chemicals A and B from a joint process. It allocates joint costs on the basis of sales value at split-off. Processing 4,700 gallons of product A and 1,600 gallons of product B to the split-off point costs $5,600. The sales value at split-off is $2.00 per gallon for product A and $23.50 for product B. Product B requires an additional separable process beyond split-off at a cost of $2.20 per gallon before it can be sold. Required:
What is the company’s cost to produce 1,600 gallons of product B?

Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.