Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Campbell Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials in a standard batch of 339,500 pounds

image text in transcribed
image text in transcribed
Campbell Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials in a standard batch of 339,500 pounds of raw materials, the company generates 75,300 pounds of B7. 162.100 pounds of K6, and 102,100 pounds of X9. A standard batch costs $2,037,000 to produce. The sales prices per pound are $5, $15, and $20 for 87, k6, and X9, respectively. Required a. Allocate the joint product cost among the three final products using weight as the allocation base. b. Allocate the joint product cost among the three final products using market value as the allocation base. Complete this question by entering your answers in the tabs below. Required A Required B Allocate the joint product cost among the three final products using weight as the allocation base. Allocation Rate x Weight of Base Allocated Cost Product B7 X9 Total allocated cost Required B C Campbell Chemical Company makes three products, B7, K6, and X9. which are joint products from the same materials in a standard batch of 339,500 pounds of raw materials, the company generates 75,300 pounds of B7, 162,100 pounds of K6, and 102,100 pounds of X9. A standard batch costs $2,037,000 to produce. The sales prices per pound are $5, $15, and $20 for B7, K6, and X9, respectively Required a. Allocate the joint product cost among the three final products using weight as the allocation base. b. Allocate the joint product cost among the three final products using market value as the allocation base. Complete this question by entering your answers in the tabs below. Required A Required B Allocate the joint product cost among the three final products using market value as the allocation base. (Round "Allocation rate" to 2 decimal places.) Allocation Rate * Weight of Base - Allocated Cost Product B7 6 X9 Total allocated cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions