Question
This Question: 15 pts 10 of 14 (0 complete) Knight Chemicals processes resin from fir trees into three products: printing inks, vamishes, and adhesives. During
This Question: 15 pts 10 of 14 (0 complete) Knight Chemicals processes resin from fir trees into three products: printing inks, vamishes, and adhesives. During June, the joint costs of processing were $440,000. Additional information is given below (Click the icon to view the additional information) Determine the amount of joint cost allocated to each product if Knight uses (1) the physical measure method, and (2) the sales value at splitoff method. Determine the amount of joint cost allocated to each product if Knight uses (1) the physical measure method Product Printing Inks Units Produced Percentage 16,720 liters Varnishes 15,960 ters Adhesives 5,320 ters % % Joint Costs Costs Allocated Determine the amount of joint cost allocated to each product if Knight uses (2) the sales value at spito Sales Value at Product Splitoff Point Percentage Joint Costs Costs Allocated Printing Inks $ 112.050 % Varnishes 67,230 % Adhesives 09.720 % Enter any number in the edit fields and then continue to the next question on gee Data Table Product Units Produced Sales Value at Splitoff Point Printing inks 16,720 Iers $ Varnishes Adhesives 15,960 ter 112,050 67,230 5.320 ters 69,720 Print Done 8 Di Time
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started