a Determine the income for each product if joint costs are allocated using the estimated net realizable value method is used b Determine the income for each product if joint costs are allocated using the physical output method of allocation b Riverview Company has offered to by the wire at split off for $16 per foot Should Venture accept the offer Why or why not canada Company processes copper into wire and cable The joint costs of processing 100,000 feet of copper $800,000 There was no beginning or ending inventory last month Production and sales value information for the month were as follows Product Feet Separable Costs Selling Price wire 40,000 $120,000 $18 per foot cable 60,000 $180,000 21 per foot

Question

a  Determine the income for each product if joint costs are allocated using the estimated net realizable value method is used b  Determine the income for each product if joint costs are allocated using the physical output method of allocation b  Riverview Company has offered to by the wire at split off for $16 per foot  Should Venture accept the offer  Why or why not  canada Company processes copper into wire and cable  The joint costs of processing 100,000 feet of copper $800,000  There was no beginning or ending inventory last month  Production and sales value information for the month were as follows  Product Feet Separable Costs Selling Price wire 40,000  $120,000 $18 per foot cable 60,000 $180,000 21 per foot

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a. Determine the income for each product if joint costs are allocated using the estimated net realizable value method is used b. Determine the income

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Product	Feet	Separable Costs	Selling Price
wire	40,000.	$120,000	$18 per foot
cable	60,000	$180,000	21 per foot