Question
Required information [The following information applies to the questions displayed below.] The following information relates to a joint production process for three products, with
Required information [The following information applies to the questions displayed below.] The following information relates to a joint production process for three products, with a total joint production cost of $160,000. There are no separable processing costs for any of the three products. Sales Value at Units at Product Split-Off Split-Off 1 $ 240,000 420 2 48,000 630 3 32,000 1,050 $ 320,000 2,100 What percentage of joint cost is allocated to each of the three products using the sales value at split-off method? Product Percent of Sales Value 1 % 2 % 3 % Required information [The following information applies to the questions displayed below.] The following information relates to a joint production process for three products, with a total joint production cost of $160,000. There are no separable processing costs for any of the three products. Product Sales Value at Split-Off $ 240,000 Units at Split-off 420 48,000 630 32,000 1,050 $ 320,000 2,100 What percentage of joint cost is allocated to each of the three products using the physical units method? Percent of Product Sales Units 1 % 2 3. % %
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