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Joint Cost Allocation - Market Value at Split - off Method Gripturn Inc. produces two different styles of door handles, standard and curved. The door

Joint Cost Allocation-Market Value at Split-off Method
Gripturn Inc. produces two different styles of door handles, standard and curved. The door handles go through a joint production molding process costing $25,000 per batch and producing 2,400 standard door handles and 1,200 curved door handles at the split-off point. Both door handles undergo additional production processes after the split-off point, but could be sold at that point: the standard style for $10 per door handle and the curved style for $5 per door handle.
Determine the amount of joint production costs allocated to each style of door handle using the market value at split-off method.
\table[[Joint Product,Allocation],[Standard door handle,],[Curved door handle,],[Totals,]]
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