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Question 3 Not complete Marked out of 10.00 Joint cost allocation; sell or process further in a joint process, Wear Art produces precut fabrics for

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Question 3 Not complete Marked out of 10.00 Joint cost allocation; sell or process further in a joint process, Wear Art produces precut fabrics for three products: dresses, Jackets, and blouses. Joint cost is allocated on the basis of relative sales value at split-off. The company can choose to process each of the products further rather than sell the fabric at split-off. Information related to these products follows. a. What amount of joint cost should be allocated to dresses and blouses? b. What is the sales value at the split-off point for dresses? $ c. Should any of the products be processed beyond the split-off point? Show computations. d. If 21,600 jackets are processed further and sold at the regular selling price, what is the gross profit on the sale? $ Question 3 Not complete Marked out of 10.00 Joint cost allocation; sell or process further in a joint process, Wear Art produces precut fabrics for three products: dresses, Jackets, and blouses. Joint cost is allocated on the basis of relative sales value at split-off. The company can choose to process each of the products further rather than sell the fabric at split-off. Information related to these products follows. a. What amount of joint cost should be allocated to dresses and blouses? b. What is the sales value at the split-off point for dresses? $ c. Should any of the products be processed beyond the split-off point? Show computations. d. If 21,600 jackets are processed further and sold at the regular selling price, what is the gross profit on the sale? $

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