Nash produces four kinds of ice cream from a single process. The total joint costs of $78,800 resulted in 2,900 gallons of vanilla, 3,100 gallons of strawberry, 2.000 gallons of chocolate, and 1,000 gallons of Neapolitan ice cream. Nash sells the vanilla ice cream for $3.00/gallon and sells each of the other three flavors for $3.50/gallon. How much of the joint cost will be allocated to each product if the sales value at split-off method is used? (Round proportion to 4 decimal places, e.g. 0.2513 and final answers to 0 decimal places, e.g. 5,125.) Vanilla 9682.778 $ Strawberry 10350556 Chocolate 6677.778 Neapolitan 3338.889
Nash produces four kinds of ice cream from a single process. The total joint costs of $78,800 resulted in 2,900 gallons of vanilla, 3,100 gallons of strawberry, 2.000 gallons of chocolate, and 1,000 gallons of Neapolitan ice cream. Nash sells the vanilla ice cream for $3.00/gallon and sells each of the other three flavors for $3.50/gallon. How much of the joint cost will be allocated to each product if the sales value at split-off method is used? (Round proportion to 4 decimal places, e.g. 0.2513 and final answers to 0 decimal places, e.g. 5,125.) Vanilla 9682.778 $ Strawberry 10350556 Chocolate 6677.778 Neapolitan 3338.889
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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am. 276.
Transcribed Image Text:Nash produces four kinds of ice cream from a single process. The total joint costs of $78,800 resulted in 2,900 gallons of vanilla, 3,100
gallons of strawberry, 2,000 gallons of chocolate, and 1,000 gallons of Neapolitan ice cream. Nash sells the vanilla ice cream for
$3.00/gallon and sells each of the other three flavors for $3.50/gallon. How much of the joint cost will be allocated to each product if
the sales value at split-off method is used? (Round proportion to 4 decimal places, e.g. 0.2513 and final answers to 0 decimal
places, e.g. 5,125.)
Vanilla
9682.778
Strawberry
10350 556
$
Chocolate
6677.778
Neapolitan.
3338.889
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