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Cheyenne Enterprises manufactures Nuts and Bolts from a joint process (cost = $82,000). Five thousand pounds of Nuts can be sold at split-off for $20
Cheyenne Enterprises manufactures Nuts and Bolts from a joint process (cost = $82,000). Five thousand pounds of Nuts can be sold at split-off for $20 per pound; ten thousand pounds of Bolts can be sold at split- off for $15 per pound. For product costing purposes Cheyenne allocates joint costs using the relative sales value method. The amount of joint cost allocated to Nuts and Bolts, respectively, would be: Multiple Choice O $49,200 and $32,800. O $41,000 and $32,800. O $32,800 and $49,200. O $41,000 and $41,000. O $32,800 and $41,000
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