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Please show calculations so I can understand. Thanks! Cheyenne Enterprises manufactures Nuts and Bolts from a joint process (cost = $85,000). Six thousand pounds of
Please show calculations so I can understand. Thanks!
Cheyenne Enterprises manufactures Nuts and Bolts from a joint process (cost = $85,000). Six thousand pounds of Nuts can be sold at split-off for $15 per pound; fifteen thousand pounds of Bolts can be sold at split-off for $10 per pound. For product costing purposes Cheyenne allocates joint costs using the relative sales value method. The amount of joint cost allocated to Nuts and Bolts, respectively, would be: Multiple Choice $31,875 and $53,125 O $34,000 and $31.875 O $53,125 and $31,875 $31,875 and $34,000 $34,000 and $34,000Step by Step Solution
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