12. Mosaic produces two kinds of tiles in a joint process that yields 5,000 pounds of blue...

Question:

12. Mosaic produces two kinds of tiles in a joint process that yields 5,000 pounds of blue tiles and 2,000 pounds of black tiles. Joint costs are allocated on the basis of weight, resulting in

$150,000 in joint costs allocated to blue tiles and $60,000 allocated to black tiles. Blue tiles sell for $50 per pound and have separable processing costs of $8 per pound. Black tiles sell for $35 per pound and have separable processing costs of $6 per pound.

Calculate the total profitability of each joint product.

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

Step by Step Answer:

Question Posted: