Give me answer within an hour I will give you positive rating immediately its very urgent ....thankyou.... Xavier Chemicals processes resin from fir trees into three products: printing inks,varnishes, and adhesives. During June, the joint costs of processing were $480,000.Additional information is given below:Sales Value at Splitoff PointProductPrinting inksUnits Produced15,000 litres$120,000Varnishes15,000 litres72,000Adhesives7,500 litres48,000Determine the amount of joint cost allocated to each product if Xavier uses (a) thephysical measure method and (b) the sales value at splitoff method.

Lets understand the basics. When in the single process, different type of product get produce then…

Xavier Chemicals processes resin from fir trees into three products: printing inks, varnishes, and adhesives. During June, the joint costs of processing were $480,000. Additional information is given below: Units Produced Sales Value at Splitoff Point Product Printing inks 15,000 litres $120,000 Varnishes 15,000 litres 72,000 Adhesives 7,500 litres 48,000 Determine the amount of joint cost allocated to each product if Xavier uses (a) the physical measure method and (b) the sales value at splitoff method.

Xavier Chemicals processes resin from fir trees into three products: printing inks, varnishes, and adhesives. During June, the joint costs of processing were $480,000. Additional information is given below: Units Produced Sales Value at Splitoff Point Product Printing inks 15,000 litres $120,000 Varnishes 15,000 litres 72,000 Adhesives 7,500 litres 48,000 Determine the amount of joint cost allocated to each product if Xavier uses (a) the physical measure method and (b) the sales value at splitoff method.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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