McKenzie's Soap Sensations, Inc.

just need help on how to figure out the joint cost

Joint cost allocation McKenzie's Soap Sensations, Inc., produces hand sons with three different scents: morning glory, snowflake sparkle, and sea breeze. The soap is produced through a joint production process that costs $30,000 per batch. Each batch produces 14,000 bottles of morning glory hand soap, 12,000 bottles of snowflake sparkle hand soap, and 10,000 bottles of sea breeze hand soup at the split-off point Each product is processed further after the split off point, but the market value of a bottle of any of the flavors at this point is estimated to be $1.25 per bottle. The additional processing costs of morning glory, snowflake sparkle, and sea breeze hand soap are $0.50, 50.55, and $0.60 per bottle, respectively. Morning glory, snowflake sparkle, and sea breeze hand soap are the sold for $2.00, $2.20, and $2.40 per bottle, respectively 1. Using the net realizable value method, allocate the joint costs of production to each product. Round your answers to two decimal places. Greater of Total NRV Market Value Total Market Bottles Total Net and Total per Bottle at Value at Market Price Added Cost NRV Realizable Joint Product Market Value per Batch Split-On Split-on per Bottle per Bottle per Bottle Value at Split-on Morning glory hand soap 14,800 Proportion 1.25 18,500 25 0.5 1.5 22,200 22,200 37 Snowflake sparkle hand soap 12,000 1.25 15,000 2.2 0.55 1.65 19,800 19,800 33 Sea breeze hand soap 10,000 1.25 12,500 2.4 0.6 1.8 18 18.000 30 Totals 36,000 60,000 oduct. Round your answers to two decimal places. Market Price per Bottle 2 $ 2.2 Joint Costs Added Cost per Bottle 0.5 3.55 0.6 Greater of Total NRV and Total Market Value at Split-Off 22,200 19,800 18,000 60,000 Total Net NRV Realizable per Bottle Value 1.5 22,200 1.65 19,800 1.8 18,000 Proportion 37 % 33 % 30 % Allocation 11,100 9,900 9,000 30,000 2.4