A company produces three products, Y1, Y2, and Y3 in the same process.The data below reflects average monthly results: Y1 Y2 Y3 Monthly output (kg)
A company produces three products, Y1, Y2, and Y3 in the same process.The data below reflects average monthly results:
Y1
Y2
Y3
Monthly output (kg)
40,000
20,000
20,000
Sales Value at split off (shs.)
0
30,000
105,000
Sales Value after Split off
45,000
100,000
155,000
Costs of further processing
20,000
40,000
65,000
The joint costs were Shs.100,000
Required
Allocate the joint cost using the three methods used to allocate joint costs.
Step by Step Solution
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Step: 1
To allocate the joint costs using the three methods commonly used to allocate joint costs we need to ...
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Step: 2
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Authors: William K. Carter
14th edition
759338094, 978-0759338098
