Allocate joint costs on the basis of assigned weights. (Obj. 4). The total costs of two joint
Question:
Allocate joint costs on the basis of assigned weights. (Obj. 4).
The total costs of two joint products transferred out of the final producing department of the Samuelson Company during June 19X9 were $160,000. As a result of the manufacturing process, 20,000 units of Arotate and 6,000 units of Belmar were produced. Based on the difficulty of handling the products, additional sales efforts necessary, and other factors, the cost accountant has decided to use the survey method to allocate costs. Each unit of Belmar has been assigned a weight of 3, and each unit of Arotate has been assigned a weight of 2.
Determine the total cost and the cost per unit to be assigned to each product for the month. LO.1
Step by Step Answer:
Cost Accounting Principles And Applications
ISBN: 9780028034287
6th Edition
Authors: Horace R. Brock, Linda Herrington