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Required information Problem 17-27 Joint Costs (LO 17-4, 17-5) [The following information applies to the questions displayed below.] Snake River Sawmill manufactures two lumber products
Required information Problem 17-27 Joint Costs (LO 17-4, 17-5) [The following information applies to the questions displayed below.] Snake River Sawmill manufactures two lumber products from a joint milling process. The two products developed are mine support braces (MSB) and unseasoned commercial building lumber (CBL). A standard production run incurs joint costs of $370,000 and results in 67,000 units of MSB and 97,000 units of CBL. Each MSB sells for $5, and each unit of CBL sells for $11. Problem 17-27 Part 2 2. Calculate the amount of joint cost allocated to the mine support braces (MSB) on a relative-sales value basis. (Round the calculation of "Relative Proportion to the nearest whole percent. Round your final answers to the nearest dollar amount.) Joint cost allocated to MSB
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