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Take me to the text Fox Company processes a chemical that yields two joint products - Clean and Wash. Each batch costs $1,900 and
Take me to the text Fox Company processes a chemical that yields two joint products - Clean and Wash. Each batch costs $1,900 and produces 44 gallons of Clean and 56 gallons of Wash. Both products need additional processing after the initial split-off. Clean is processed further at a cost of $2.50 per gallon. Wash is processed further at a cost of $2.25 per gallon. Clean and Wash can be sold for $22 and $19 per gallon, respectively. Management at Fox Company does not like the joint cost allocation results of the net realized value method. They want you to undertake a cost allocation so that the gross margin percent (revenue minus gross margin divided by revenue) is the same. Senior management feels that this will result in a better distribution of the joint cost. Allocate the $1,900 joint cost using the net realizable value method. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal place. Do not use the negative sign. Clean Wash 1839200.00 x $2340800.00 S Total Revenue per Batch Additional Processing Costs $ $ Net Realizable Value $ $ $ Joint Cost Allocation $ $
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