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Introduction:
Joint costs are the costs that benefit more than one product or process in the manufacturing process. The joint cost can be allocated either on physical basis or on value basis.
To Calculate:
Allocation of joint cost of land and improvement on value basis and average cost per lot
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Answer to Problem 21E
Solution:
Allocation of Joint Cost
Average Cost per lot
Explanation of Solution
Total or Joint Cost
Market Value
Percentage of Market Value per Section
Allocation of Joint Cost
Average Cost per lot
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Chapter 24 Solutions
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