JOINT PRODUCT COSTING TOTALS PRODUCT Quantity Ink Paper Labor productivity Labor rate ASSUMPTIONS: PRINCIPLES INTERMEDIATE ADVANCED TAX 20,000 20,000 10,000 10,000 1@$10 2@$10 3@10 4@$10 1@$5 2@$5 2@$5 4@$5 20 books 10 books per 10 book per 5 book per hour hour hour $40 per $40 per hour hour hour hour 4 4 2 2 per hour $40 per $40 per Selling price multiple Labor hours ? ? ? ? ? ASSUME TOTAL OVERHEAD IS $300,000 CALCULATION OF UNIT PRODUCT COST, SELLING PRICE AND PREDERTERMINED OVERHEAD RATE (ACTIVITY RATE) PRODUCT PRINCIPLES INTERMEDIATE ADVANCED TAX Ink Paper Labor Overhead Total Unit Cost Selling price multiple Selling price Predetermined overhead rate