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Stonebrook Company produces two products (P and Q) from a joint process. Each product will be processed further beyond the split-off point. Joint manufacturing costs
Stonebrook Company produces two products (P and Q) from a joint process. Each product will be processed further beyond the split-off point. Joint manufacturing costs for the year were $60,000. Sales values and other costs were as follows: Product Sales Value Separable Cost P $85,000 $11,500 Q $95,000 $9,500
Required: If the joint production costs are allocated based on the constant gross profit margin (%) method, what is the amount of joint cost allocated to product Q?
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