Answered step by step
Verified Expert Solution
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
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