Alpha Company manufactures products XX-1 and XX-2 from a joint process. Total joint costs are $60,000. The

Question:


Alpha Company manufactures products XX-1 and XX-2 from a joint process. Total joint costs are

$60,000. The sales value at split-off was $70,000 for 4,000 units of product XX-1 and $30,000 for 1,000 units of product XX-2.

Required Assuming that total joint costs are allocated using the net realizable value at split-off approach, what amount of the joint costs was allocated to product XX-1?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals Of Cost Accounting

ISBN: 0071332618

2nd Edition

Authors: William Lanen, Shannon Anderson

Question Posted: