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A toy manufacturing company incurred joint costs of $75,000 to produce different types of toy cars. It grades them into luxury cars, sports cars, and
A toy manufacturing company incurred joint costs of $75,000 to produce different types of toy cars. It grades them into luxury cars, sports cars, and economic cars. Data on the grade, number of units produced, and weight factor follow: Grade Units Produced Weight Factor Luxury cars 500 1.60 Sports cars 200 1.50 Economic cars 200 0.50 Total 900 Calculate the allocation of the joint costs to sports cars using the weighted average method. (Round the percent calculation to the nearest whole number.)
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