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Saved 07 3.57 points Adams Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard
Saved 07 3.57 points Adams Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard batch of 300,000 pounds of raw materials, the company generates 70,000 pounds of 87, 150,000 pounds of K6, and 80,000 pounds of X9. A standard batch costs $2,400,000 to produce. The sales prices per pound are $6, $10, and $16 for B7, K6, and X9, respectively Required . Allocate the joint product cost among the three final products using weight as the allocation base. b. Allocate the joint product cost among the three final products using market value as the allocation base, eBook Complete this question by entering your answers in the tabs below. Hint Required A Required B Print Reference Allocate the joint product cost among the three final products using weight as the allocation base. Product Allocation Rate x Weight of Base Allocated Cost B7 KE X9 Total allocated cost Red Required B > ds the allocation base. Complete this question by entering your answers in the tabs below. Required A Required B Allocate the joint product cost among the three final products using market value as the allocation base. (Round "Allocation rate" to 2 decimal places.) ces Product Allocation Rate * Weight of Base Allocated Cost B7 K6 X9 X X Total allocated cost
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