1. Use the following information to answer the next two questions: Products B and C are joint products. The costs incurred in producing the two products are:

Joint materials cost $30,000

Joint processing cost 21,000

The process yields 2,000 units of B that can be sold at the split-off point for $16 each and 4,000 units of C that can be sold at the split-off point for $9 each.

a. How much of the total joint cost should be assigned to each unit of B, assuming that number of units produced is used as the allocation base?

b. How much of the total joint cost should be assigned to each unit of B, assuming that relative sales value is used as the allocation base?

The answer to a is $8.50

The answer to b is $12.00

Please show me the steps to get these answers (I don't want an explanation, I want for it to be explained by formulas and math)