Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If Shine Marie allocated joint costs using relative Net Realizable Value at split off point, how much from the joint cost will be allocated
If Shine Marie allocated joint costs using relative Net Realizable Value at split off point, how much from the joint cost will be allocated to Loli? * (2 Points) The following products are being produced in a single process. Shine Marie Company incurred a total cost of P360,000 up to split off point. Products Units Loli 1,000 Lola 2,000 Lala 3,000 Final Sales Value P70,000 Additional Processing Costs P25,000 Disposal Cost P12,400 200,000 80,000 10,000 450,000 75,000 17,600
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Answer To allocate joint costs using the relative net realizable value at the splitoff point we can ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started