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Can you please helpo me solve this. If you could show the steps leading to your solution, it would be very helpful. Thanks Joint Cost

Can you please helpo me solve this. If you could show the steps leading to your solution, it would be very helpful. Thanksimage text in transcribed

Joint Cost Allocation Using NRV. Capland Advertising Agency produced television and magazine ads for a client, Sharfstein Enterprises. The ads were developed with a common theme, and in so doing, $49,000 in joint costs were incurred. Separable costs totaled $60,000 for the TV ads and $20,000 for the magazine ads. The agency received $95,000 in fees for the TV ads and $42,000 for the magazine ads. Joint Cost Allocation Using NRV. Capland Advertising Agency produced television and magazine ads for a client, Sharfstein Enterprises. The ads were developed with a common theme, and in so doing, $49,000 in joint costs were incurred. Separable costs totaled $60,000 for the TV ads and $20,000 for the magazine ads. The agency received $95,000 in fees for the TV ads and $42,000 for the magazine ads

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