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SB (Algo) The following information relates ... [The following information applies to the questions displayed below.] The following information relates to a joint production process
SB (Algo) The following information relates ... [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 $135,000. There are no separable processing costs for any of the three products. Brief Exercise 7-18 (Algo) What percentage of joint cost is allocated... [LO 7-6] What percentage of joint cost is allocated to each of the three products using the physical units method? The following information relates to a joint production process for three products, with a total joint production cost of $135,000. There are no separable processing costs for any of the three products. Brief Exercise 7-20 (Algo) What amount of joint costs would be allocated... [LO 7-6] Assume that the total sales value at the split-off point for product 1 is $81,000 instead of $189,000 and the sales value of product 3 is $2,700 instead of $27,000. Assume also that the firm treats product 3 as a joint product and uses the net realizable value method for accounting for joint costs. There are no separable processing costs for product 3 . What amount of joint costs would be allocated to the three products using the relative sales value method? (Round your intermediate percentage values to 2 decimal places (i.e. 24.35\%) and final answers to nearest whole dollar amount.)
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