eBook Calculator Joint cost allocation Lovely Lotion Inc. produces tree different lotions: hand, body, and foot. The lotions are produced jointly in a mixing process that costs a total of $250 per batch. At the split-off point, one batch produces 80, 40, and 2 bottles of hand, body, and foot lotion, respectively. After the split off point, hand lotion is sold immediately for $2.50 per bottle. Body lotion is processed further at an additional cost of $0.25 per bottle and then sold for $5.75 per bottle. Foot lotion is processed further at an additional cost of $0.85 per bottle and then sold for $4.00 per bottle. Assume that body and foot lotion could be sold at the spit off point for $3.00 and $2.20 per bottle, respectively. 1. Using the market value at split-off method, allocate the joint costs of production to each product. Round your answers to two decimal places Bottles per Batch Market Value per Bottle at Split-on Total Market Value at Spli on Percent of Total NV at Split-on Joint Product Joint Costs Allocation Hand lotion Body lotion Footlotion Totals 2. A lotion manufacturing company produces three types of lotions. After the solt-off point the company continues to sell the body lotion and makes $0,25 profit per bottle. The foot lotion generates $0.05 loss per bottle of continues after the split off point, which lotion should be continued after the spit off point? 3. Handlotion b. Body lotion c. Foot lotion d. Body and foot lotion 3. Allocate the Joint costs of production to radi product in the netrable volue method Round your answers to two decal places NO Assignment Assignment Main.dolinvokers takeAssignmentSessionLocator Binigrogress=false eBook Calculator Body lotion Foot lotion Totals 2. A lotion manufacturing company produces three types of lotions. Alter the split off point the company continues to sell the body lotion and makes $0.25 profit per bottle. The foot lotion generates 10.05 loss per bottle if it continues after the split-off point. Which lotion should be continued after the set off point? a. Hand lotion b. Body lotion c. Foot lotion d. Body and fost lotion 3. Allocate the Joint costs of production to each product using the net realizable value method. Round your answers to two decimal places Market Value per Bottle at Split oli Bottles per Batch Total Market Value at Split-off Greater of Total NRV and Total Market Value at Split-Off Market Price per Bottle Added Cost per Bottle Total Net Realizable Value NRV per Bottle Propo Joint Product Hand lotion hody lotion 00012 Foot lotion Totals Check My Work Previous Next company continues to sell the body lotion and makes $0.25 profit per bottle. The foot lotion ontinued after the split-off point? 1. Round your answers to two decimal places. Greater of Total NRV and Total Market Value at Split-off Price attle Added Cost per Bottle Total Net Realizable Value NRV per Bottle Joint Costs Proportion Allocation % 96
