The Burn T. Meat Corp. uses a process cost system, and sells a variety of cooked meats, skins, AND WEIGHTED and trimmings. Four joint products have varying complexities which affect their production. nj4

Transcribed Image Text:

COMPLEXITIES (POINTS) Time- Specialized Products Amounts produced Difficulty in production 1,000 9,000 consuming attention 2 1 4 4 400 5,100 The split-off point for these products occurs in Division 21, and the costs incurred up to this point are Direct materials $20,000 Direct labor... 15,000 Factory overhead.. 7,000 Required: a Calculate the joint cost allocated to each of the joint products by using the simple average output method. b Using the weighted average output method, determine the joint cost allocation for each product.