Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Mallak Company produced three joint products at a joint cost of $208,600. Two of these products were processed further. Production and sales were: Weight

The Mallak Company produced three joint products at a joint cost of $208,600. Two of these products were processed further. Production and sales were:

Weight Sales Addtl. Processing Costs
P 462,000 lbs. $ 369,600 $ 277,200
Q 210,000 lbs. 63,000 -0-
R 210,000 lbs. 367,500 210,000

If joint costs are allocated based on relative weight of the outputs and all products are main products, how much of the joint costs would be allocated to product P?

$109,267.

$111,767.

$99,267.

$93,017.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management And Cost Accounting

Authors: Charles T. Horngren, Alnoor Bhimani, Srikant M. Datar, George Foster

1st Edition

0130805475, 978-0130805478

More Books

Students also viewed these Accounting questions

Question

How do media shape our thinking?

Answered: 1 week ago

Question

Describe Elizabeths credibilityinitial, derived, and terminal.

Answered: 1 week ago