Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Two finished products, [A & B], are sold for $16 a unit and $24 a unit, respectively. Each product can also be sold at the

Two finished products, [A & B], are sold for $16 a unit and $24 a unit, respectively. Each product can also be sold at the split off point. Product A can be sold for $10 and Product B for $8. Joint costs for the two products totalled $8,000 for January for 600 units of A and 500 units of B.

QUESTION: What are the respective joint costs assigned to each unit of products A and B if the sales value at split off method is used?

A)

$6.40 and $14.40

B)

$6.40 and $9.10

C)

$8.00 and $9.10

D)

$5.92 and $8.88

E)

$8.00 and $6.40


Step by Step Solution

3.42 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

Total split off market val... 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

Cornerstones Of Cost Management

Authors: Don R. Hansen, Maryanne M. Mowen

3rd Edition

9781305147102, 1285751787, 1305147103, 978-1285751788

More Books

Students also viewed these Accounting questions

Question

What term best describes the structure of the fed

Answered: 1 week ago

Question

Differentiate 3sin(9x+2x)

Answered: 1 week ago

Question

Compute the derivative f(x)=(x-a)(x-b)

Answered: 1 week ago