Question
Joint products A and B emerge from common processing that costs $240,000 and yields 2,000 units of Product A and 1,000 units of Product B.
Joint products A and B emerge from common processing that costs $240,000 and yields 2,000 units of Product A and 1,000 units of Product B. Product A can be sold for $100 per unit. Product B can be sold for $50 per unit.
Question 5
How much of the joint cost will be assigned to Product B if joint costs are allocated on the basis of relative sales values?
Question 6
What is Product B's profit if joint costs are allocated on the basis of relative sales values?
Question 7
How much of the joint cost will be assigned to Product B if joint costs are allocated on the basis of the number of units produced?
Question 8
What is Product B's profit if joint costs are allocated on the basis of the number of units produced?
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