Question
C. Joint Costing >>>>>>> SHOW YOUR WORK TO RECEIVE CREDIT! 18. The following is the data collected for the production of the joint products, A,
C. Joint Costing >>>>>>> SHOW YOUR WORK TO RECEIVE CREDIT! 18. The following is the data collected for the production of the joint products, A, B, C, and D. Joint costs total $4,000,000. Units of Production (lbs.) Market Weighting Value at Split-Off Separable Gross Costs Revenues A: 20,000 1.00 3,000,000 400,000 3,000,000 B: 10,000 1.40 2,000,000 800,000 4,500,000 C: 15,000 2.20 3,000,000 500,000 6,000,000 D: 12,000 2.75 700.000 250.000 1.500.000 8,700,000 1,950,000 15,000,000 REQUIRED: Calculate the joint cost allocation only for PRODUCT A using the following cost allocation methods: a. Physical Units (5 PTS.) ANSWER: b. Weighted units (15 PTS.) ANSWER: c. Market Value at Split-off (15 PTS.) ANSWER: d. Net Realizable Value (15 PTS.) ANSWER: e. Constant Gross Profit (15 PTS.)
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