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Piper Chemicals processes resin from fir trees into three products: printing inks, varnishes, and adhesives. During June, the joint costs of processing were $460,000. Additional
Piper Chemicals processes resin from fir trees into three products: printing inks, varnishes, and adhesives. During June, the joint costs of processing were $460,000. Additional information is given below: Click the icon to view the additional information.) Determine the amount of joint cost allocated to each product if Piper uses (a) the physical measure method, and (b) the sales value at splitoff method. Determine the amount of joint cost allocated to each product if Piper uses (a) the physical measure method. Product Units Produced Percentage Joint Costs Costs Allocated Printing inks Varnishes 14,350 liters 14,700 liters 5,950 liters Adhesives Determine the amount of joint cost allocated to each product if Piper uses (b) the sales value at splitoff method. Sales Value at Splitoff Point Product Percentage Joint Costs Costs Allocated Printing inks Varnishes 128,790 75,330 38,880 Adhesives % i Data Table Units Produced Sales Value at Splitoff Point Product Printing inks 14,350 liters $ Varnishes 14,700 liters 5,950 liters 128,790 75,330 38,880 Adhesives Print Print Done Done]
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