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Merk Chemicals processes resin from fir trees into three products: printing inks, vamishes, and adhesives. During June, the joint costs of processing were $460,000. Additional
Merk Chemicals processes resin from fir trees into three products: printing inks, vamishes, and adhesives. During June, the joint costs of processing were $460,000. Additional information is giver Click the icon to view the additional information) Determine the amount of joint cost allocated to each product if Merk uses (a) the physical measure method, and (b) the sales value at spltof method. Data Table Determine the amount of joint cost allocated to each product if Merk uses (a) the physical measure method. Units Product Produced Percentage Joint Costs Costs Allocated Printing Inks 17,630 liters % Warnishes 18.450 hers % Adhesives 4,920 liters % Determine the amount of joint cost allocated to each product Mark uses (b) the sales value at splitoff med Sales Value at Product Splitoff Point Percentage Joint Costs Costs Allocated Printing Inks S 133,650 Varnishes 65 810 % Adhesives 43.740 Product Printing Inks Varnishes Adhesives Units Produced 17.6.30 tors 18.450 liters Sales Value at Splitoff Point 133.650 65,610 43.740 Print Done
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