Question
The following information relates to a joint production process for three products, with a total joint production cost of $155,000. There are no separable processing
The following information relates to a joint production process for three products, with a total joint production cost of $155,000. There are no separable processing costs for any of the three products.
| Product/ Sales Value of split off | Units at Split-Off | |||||
| 1 | $ | 217,000 | 450 | |||
| 2 | 46,500 | 1,050 | ||||
| 3 | 46,500 | 1,500 | ||||
| $ | 310,000 | 3,000 | ||||
What percentage of joint cost is allocated to each of the three products using the sales value at split-off method?
P1: %, P2: %, P3: %
Subject: Cost management.
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Effective Writing A For Accountants
Authors: Claire B. May, Gordon S. May
11th Edition
0134667387, 9780134667386
