inment/takeAssignmentMain.do?invoker takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Calculator Joint cost allocation Florissa's Flowers jointly produces three varieties of flowers in the same garden: tulips, lilies, and daisies. The flowers are all watered via the same irrigation system and all receive the same amount of water; dalsies require three times as much as filles, and the water required for tulips is about halfway between the amounts needed for daisies and lilies. Although the lilies and tulips receive more water than they need due to the point irrigation process, they are not hurt by the overwatering. The Joint production cost of the three varieties of flowers is about $30 per harvest Every harvest yields 10 tulips, 20 lilies, and 20 daisies. 1. Allocate the joint costs of production to each product using the physical units method. Joint Flowers Joint Product per Harvest Proportion Costs Allocation Tulip 10 % Uly 20 % Daisy 20 % Totals 50 Which products receive the largest portion of the joint costs? Lilies and Daisies received the largest portion of the joint costs 2. Allocate the joint costs of production to each product using the weighted average method Weighted Weighted Joint Flowers Weight Flowers Percent Joint Product Der Harvest Factor of Water of Water Costs Tulip 10 Lily 20 Daisy 20 Allocation Totals 50 which product receives the largest portion of the joint cost? Check My Work Previous