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can the answer be labeled with the name and the name of each part (not A or B) Chol Company manufactures two skin care lotions,
can the answer be labeled with the name and the name of each part (not A or B)
Chol Company manufactures two skin care lotions, Smooth Skin and Siken Skin, from a joint process. The joint costs incurred are $360,000 for a standard production run that generates 180,000 pints of Smooth Skin and 110,000 pints of Siken Skin. Smooth Skin sells for $3.50 per pint, while Silken Skin sells for $5.20 per pint. Required: 1. Assuming that both products are sold ot the split-off point, how much of the joint cost of each production run is allocated to Smooth Skin using the relative sales value method? 2. If no separable costs are incurred after the spittoff point, how much of the Joint cost of each production run is allocated to Silken Skin using the physical measure method? 3. If separable processing costs beyond the split-off point are $1.00 per pint for Smooth Skin and $170 per pint for Siken Skin, how much of the joint cost of each production run is allocated to Siken Skin using a net realizable value method? 4. If separable processing costs beyond the spit-off point are $1.00 per pint for Smooth Skin and $170 per pint for Suken Skin, how much of the joint cost of each production run is allocated to Smooth Skin using a physical measure method? (For all requlrements, do not round intermediate calculations. Round final onswers to nearest whole dollar amounts.) Step by Step Solution
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