Ascertain the joint cost to be allocated to the products under the relative sales value method.

Question

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Answer 1

Question

Chapter 7, Problem 42P

1.

To determine

Ascertain the joint cost to be allocated to the products under the relative sales value method.

1.

Expert Solution

Explanation of Solution

Compute the sales value at split off:

Particulars	Smooth	Silken	Total
Production	80,000	120,000
(×) Sales Price	$2.40	$3.90
Sales value of production	$432,000	$468,000	$900,000

Table (1)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$432,000$900,000=0.48=48%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$468,000$900,000=0.52=52%

Allocate the joint costs:

Particulars	Smooth	Silken	Total
Allocation percentage	48%	52%
Allocated joint costs	$201,600	$218,400	$420,000

Table (2)

2.

To determine

Ascertain the joint cost to be allocated to the products under the physical measure method.

2.

Expert Solution

Explanation of Solution

Compute the cost to be allocated under physical measure method:

Particulars	Smooth	Silken	Total
Production	180,000	120,000	300,000
Allocation percentage	60%	40%
Allocated joint costs	$252,000	$168,000	$420,000

Table (3)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$180,000$300,000=0.60=60%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$12,000$300,000=0.40=40%

3.

To determine

Ascertain the joint cost to be allocated to the products under the net realizable value method.

3.

Expert Solution

Explanation of Solution

Compute the net realizable value:

Particulars	Smooth	Silken	Total
Production (A)	180,000	120,000
(×) Sales Price (B)	$2.40	$3.90
Sales value of production (A×B)	$432,000	$468,000	$900,000
Individual separable cost (C)	$1.40	$0.90
Less: Separable costs (A×C)	$252,000	$108,000	$360,000
Net Realizable Value (NRV)	$180,000	$360,000	$540,000

Table (4)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$252,000$360,000=0.3333=33.33%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$108,000$360,000=0.6667=66.67%

Allocate the joint costs:

Particulars	Smooth	Silken	Total
Allocation percentage	33.33%	66.67%
Allocated joint costs	$140,000	$280,000	$420,000

Table (5)

4.

To determine

Ascertain the joint cost to be allocated to the products under the physical measure method.

4.

Expert Solution

Explanation of Solution

Compute the cost to be allocated under physical measure method:

Particulars	Smooth	Silken	Total
Production	180,000	120,000	300,000
Allocation percentage	60%	40%
Allocated joint costs	$252,000	$168,000	$420,000

Table (6)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$180,000$300,000=0.60=60%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$12,000$300,000=0.40=40%

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Answer 2

Question

Chapter 7, Problem 42P

1.

To determine

Ascertain the joint cost to be allocated to the products under the relative sales value method.

1.

Expert Solution

Explanation of Solution

Compute the sales value at split off:

Particulars	Smooth	Silken	Total
Production	80,000	120,000
(×) Sales Price	$2.40	$3.90
Sales value of production	$432,000	$468,000	$900,000

Table (1)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$432,000$900,000=0.48=48%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$468,000$900,000=0.52=52%

Allocate the joint costs:

Particulars	Smooth	Silken	Total
Allocation percentage	48%	52%
Allocated joint costs	$201,600	$218,400	$420,000

Table (2)

2.

To determine

Ascertain the joint cost to be allocated to the products under the physical measure method.

2.

Expert Solution

Explanation of Solution

Compute the cost to be allocated under physical measure method:

Particulars	Smooth	Silken	Total
Production	180,000	120,000	300,000
Allocation percentage	60%	40%
Allocated joint costs	$252,000	$168,000	$420,000

Table (3)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$180,000$300,000=0.60=60%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$12,000$300,000=0.40=40%

3.

To determine

Ascertain the joint cost to be allocated to the products under the net realizable value method.

3.

Expert Solution

Explanation of Solution

Compute the net realizable value:

Particulars	Smooth	Silken	Total
Production (A)	180,000	120,000
(×) Sales Price (B)	$2.40	$3.90
Sales value of production (A×B)	$432,000	$468,000	$900,000
Individual separable cost (C)	$1.40	$0.90
Less: Separable costs (A×C)	$252,000	$108,000	$360,000
Net Realizable Value (NRV)	$180,000	$360,000	$540,000

Table (4)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$252,000$360,000=0.3333=33.33%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$108,000$360,000=0.6667=66.67%

Allocate the joint costs:

Particulars	Smooth	Silken	Total
Allocation percentage	33.33%	66.67%
Allocated joint costs	$140,000	$280,000	$420,000

Table (5)

4.

To determine

Ascertain the joint cost to be allocated to the products under the physical measure method.

4.

Expert Solution

Explanation of Solution

Compute the cost to be allocated under physical measure method:

Particulars	Smooth	Silken	Total
Production	180,000	120,000	300,000
Allocation percentage	60%	40%
Allocated joint costs	$252,000	$168,000	$420,000

Table (6)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$180,000$300,000=0.60=60%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$12,000$300,000=0.40=40%

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Answer 3

Question

Chapter 7, Problem 42P

1.

To determine

Ascertain the joint cost to be allocated to the products under the relative sales value method.

1.

Expert Solution

Explanation of Solution

Compute the sales value at split off:

Particulars	Smooth	Silken	Total
Production	80,000	120,000
(×) Sales Price	$2.40	$3.90
Sales value of production	$432,000	$468,000	$900,000

Table (1)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$432,000$900,000=0.48=48%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$468,000$900,000=0.52=52%

Allocate the joint costs:

Particulars	Smooth	Silken	Total
Allocation percentage	48%	52%
Allocated joint costs	$201,600	$218,400	$420,000

Table (2)

2.

To determine

Ascertain the joint cost to be allocated to the products under the physical measure method.

2.

Expert Solution

Explanation of Solution

Compute the cost to be allocated under physical measure method:

Particulars	Smooth	Silken	Total
Production	180,000	120,000	300,000
Allocation percentage	60%	40%
Allocated joint costs	$252,000	$168,000	$420,000

Table (3)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$180,000$300,000=0.60=60%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$12,000$300,000=0.40=40%

3.

To determine

Ascertain the joint cost to be allocated to the products under the net realizable value method.

3.

Expert Solution

Explanation of Solution

Compute the net realizable value:

Particulars	Smooth	Silken	Total
Production (A)	180,000	120,000
(×) Sales Price (B)	$2.40	$3.90
Sales value of production (A×B)	$432,000	$468,000	$900,000
Individual separable cost (C)	$1.40	$0.90
Less: Separable costs (A×C)	$252,000	$108,000	$360,000
Net Realizable Value (NRV)	$180,000	$360,000	$540,000

Table (4)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$252,000$360,000=0.3333=33.33%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$108,000$360,000=0.6667=66.67%

Allocate the joint costs:

Particulars	Smooth	Silken	Total
Allocation percentage	33.33%	66.67%
Allocated joint costs	$140,000	$280,000	$420,000

Table (5)

4.

To determine

Ascertain the joint cost to be allocated to the products under the physical measure method.

4.

Expert Solution

Explanation of Solution

Compute the cost to be allocated under physical measure method:

Particulars	Smooth	Silken	Total
Production	180,000	120,000	300,000
Allocation percentage	60%	40%
Allocated joint costs	$252,000	$168,000	$420,000

Table (6)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$180,000$300,000=0.60=60%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$12,000$300,000=0.40=40%

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Answer 4

Question

Chapter 7, Problem 42P

1.

To determine

Ascertain the joint cost to be allocated to the products under the relative sales value method.

1.

Expert Solution

Explanation of Solution

Compute the sales value at split off:

Particulars	Smooth	Silken	Total
Production	80,000	120,000
(×) Sales Price	$2.40	$3.90
Sales value of production	$432,000	$468,000	$900,000

Table (1)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$432,000$900,000=0.48=48%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$468,000$900,000=0.52=52%

Allocate the joint costs:

Particulars	Smooth	Silken	Total
Allocation percentage	48%	52%
Allocated joint costs	$201,600	$218,400	$420,000

Table (2)

2.

To determine

Ascertain the joint cost to be allocated to the products under the physical measure method.

2.

Expert Solution

Explanation of Solution

Compute the cost to be allocated under physical measure method:

Particulars	Smooth	Silken	Total
Production	180,000	120,000	300,000
Allocation percentage	60%	40%
Allocated joint costs	$252,000	$168,000	$420,000

Table (3)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$180,000$300,000=0.60=60%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$12,000$300,000=0.40=40%

3.

To determine

Ascertain the joint cost to be allocated to the products under the net realizable value method.

3.

Expert Solution

Explanation of Solution

Compute the net realizable value:

Particulars	Smooth	Silken	Total
Production (A)	180,000	120,000
(×) Sales Price (B)	$2.40	$3.90
Sales value of production (A×B)	$432,000	$468,000	$900,000
Individual separable cost (C)	$1.40	$0.90
Less: Separable costs (A×C)	$252,000	$108,000	$360,000
Net Realizable Value (NRV)	$180,000	$360,000	$540,000

Table (4)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$252,000$360,000=0.3333=33.33%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$108,000$360,000=0.6667=66.67%

Allocate the joint costs:

Particulars	Smooth	Silken	Total
Allocation percentage	33.33%	66.67%
Allocated joint costs	$140,000	$280,000	$420,000

Table (5)

4.

To determine

Ascertain the joint cost to be allocated to the products under the physical measure method.

4.

Expert Solution

Explanation of Solution

Compute the cost to be allocated under physical measure method:

Particulars	Smooth	Silken	Total
Production	180,000	120,000	300,000
Allocation percentage	60%	40%
Allocated joint costs	$252,000	$168,000	$420,000

Table (6)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$180,000$300,000=0.60=60%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$12,000$300,000=0.40=40%

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Answer 5

Chapter 7, Problem 42P

1.

To determine

Ascertain the joint cost to be allocated to the products under the relative sales value method.

1.

Expert Solution

Explanation of Solution

Compute the sales value at split off:

Particulars	Smooth	Silken	Total
Production	80,000	120,000
(×) Sales Price	$2.40	$3.90
Sales value of production	$432,000	$468,000	$900,000

Table (1)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$432,000$900,000=0.48=48%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$468,000$900,000=0.52=52%

Allocate the joint costs:

Particulars	Smooth	Silken	Total
Allocation percentage	48%	52%
Allocated joint costs	$201,600	$218,400	$420,000

Table (2)

2.

To determine

Ascertain the joint cost to be allocated to the products under the physical measure method.

2.

Expert Solution

Explanation of Solution

Compute the cost to be allocated under physical measure method:

Particulars	Smooth	Silken	Total
Production	180,000	120,000	300,000
Allocation percentage	60%	40%
Allocated joint costs	$252,000	$168,000	$420,000

Table (3)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$180,000$300,000=0.60=60%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$12,000$300,000=0.40=40%

3.

To determine

Ascertain the joint cost to be allocated to the products under the net realizable value method.

3.

Expert Solution

Explanation of Solution

Compute the net realizable value:

Particulars	Smooth	Silken	Total
Production (A)	180,000	120,000
(×) Sales Price (B)	$2.40	$3.90
Sales value of production (A×B)	$432,000	$468,000	$900,000
Individual separable cost (C)	$1.40	$0.90
Less: Separable costs (A×C)	$252,000	$108,000	$360,000
Net Realizable Value (NRV)	$180,000	$360,000	$540,000

Table (4)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$252,000$360,000=0.3333=33.33%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$108,000$360,000=0.6667=66.67%

Allocate the joint costs:

Particulars	Smooth	Silken	Total
Allocation percentage	33.33%	66.67%
Allocated joint costs	$140,000	$280,000	$420,000

Table (5)

4.

To determine

Ascertain the joint cost to be allocated to the products under the physical measure method.

4.

Expert Solution

Explanation of Solution

Compute the cost to be allocated under physical measure method:

Particulars	Smooth	Silken	Total
Production	180,000	120,000	300,000
Allocation percentage	60%	40%
Allocated joint costs	$252,000	$168,000	$420,000

Table (6)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$180,000$300,000=0.60=60%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$12,000$300,000=0.40=40%

Answer 6

Chapter 7, Problem 42P

1.

To determine

Ascertain the joint cost to be allocated to the products under the relative sales value method.

1.

Expert Solution

Explanation of Solution

Compute the sales value at split off:

Particulars	Smooth	Silken	Total
Production	80,000	120,000
(×) Sales Price	$2.40	$3.90
Sales value of production	$432,000	$468,000	$900,000

Table (1)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$432,000$900,000=0.48=48%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$468,000$900,000=0.52=52%

Allocate the joint costs:

Particulars	Smooth	Silken	Total
Allocation percentage	48%	52%
Allocated joint costs	$201,600	$218,400	$420,000

Table (2)

Answer 7

Chapter 7, Problem 42P

1.

To determine

Ascertain the joint cost to be allocated to the products under the relative sales value method.

Answer 8

1.

Expert Solution

Explanation of Solution

Compute the sales value at split off:

Particulars	Smooth	Silken	Total
Production	80,000	120,000
(×) Sales Price	$2.40	$3.90
Sales value of production	$432,000	$468,000	$900,000

Table (1)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$432,000$900,000=0.48=48%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$468,000$900,000=0.52=52%

Allocate the joint costs:

Particulars	Smooth	Silken	Total
Allocation percentage	48%	52%
Allocated joint costs	$201,600	$218,400	$420,000

Table (2)

Answer 9

1.

Expert Solution

Answer 10

1.

Expert Solution

Answer 11

Expert Solution

Answer 12

2.

To determine

Ascertain the joint cost to be allocated to the products under the physical measure method.

2.

Expert Solution

Explanation of Solution

Compute the cost to be allocated under physical measure method:

Particulars	Smooth	Silken	Total
Production	180,000	120,000	300,000
Allocation percentage	60%	40%
Allocated joint costs	$252,000	$168,000	$420,000

Table (3)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$180,000$300,000=0.60=60%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$12,000$300,000=0.40=40%

Answer 13

2.

To determine

Ascertain the joint cost to be allocated to the products under the physical measure method.

Answer 14

2.

Expert Solution

Explanation of Solution

Compute the cost to be allocated under physical measure method:

Particulars	Smooth	Silken	Total
Production	180,000	120,000	300,000
Allocation percentage	60%	40%
Allocated joint costs	$252,000	$168,000	$420,000

Table (3)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$180,000$300,000=0.60=60%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$12,000$300,000=0.40=40%

Answer 15

2.

Expert Solution

Answer 16

2.

Expert Solution

Answer 17

Expert Solution

Answer 18

3.

To determine

Ascertain the joint cost to be allocated to the products under the net realizable value method.

3.

Expert Solution

Explanation of Solution

Compute the net realizable value:

Particulars	Smooth	Silken	Total
Production (A)	180,000	120,000
(×) Sales Price (B)	$2.40	$3.90
Sales value of production (A×B)	$432,000	$468,000	$900,000
Individual separable cost (C)	$1.40	$0.90
Less: Separable costs (A×C)	$252,000	$108,000	$360,000
Net Realizable Value (NRV)	$180,000	$360,000	$540,000

Table (4)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$252,000$360,000=0.3333=33.33%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$108,000$360,000=0.6667=66.67%

Allocate the joint costs:

Particulars	Smooth	Silken	Total
Allocation percentage	33.33%	66.67%
Allocated joint costs	$140,000	$280,000	$420,000

Table (5)

Answer 19

3.

To determine

Ascertain the joint cost to be allocated to the products under the net realizable value method.

Answer 20

3.

Expert Solution

Explanation of Solution

Compute the net realizable value:

Particulars	Smooth	Silken	Total
Production (A)	180,000	120,000
(×) Sales Price (B)	$2.40	$3.90
Sales value of production (A×B)	$432,000	$468,000	$900,000
Individual separable cost (C)	$1.40	$0.90
Less: Separable costs (A×C)	$252,000	$108,000	$360,000
Net Realizable Value (NRV)	$180,000	$360,000	$540,000

Table (4)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$252,000$360,000=0.3333=33.33%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$108,000$360,000=0.6667=66.67%

Allocate the joint costs:

Particulars	Smooth	Silken	Total
Allocation percentage	33.33%	66.67%
Allocated joint costs	$140,000	$280,000	$420,000

Table (5)

Answer 21

3.

Expert Solution

Answer 22

3.

Expert Solution

Answer 23

Expert Solution

Answer 24

4.

To determine

Ascertain the joint cost to be allocated to the products under the physical measure method.

4.

Expert Solution

Explanation of Solution

Compute the cost to be allocated under physical measure method:

Particulars	Smooth	Silken	Total
Production	180,000	120,000	300,000
Allocation percentage	60%	40%
Allocated joint costs	$252,000	$168,000	$420,000

Table (6)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$180,000$300,000=0.60=60%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$12,000$300,000=0.40=40%

Answer 25

4.

To determine

Ascertain the joint cost to be allocated to the products under the physical measure method.

Answer 26

4.

Expert Solution

Explanation of Solution

Compute the cost to be allocated under physical measure method:

Particulars	Smooth	Silken	Total
Production	180,000	120,000	300,000
Allocation percentage	60%	40%
Allocated joint costs	$252,000	$168,000	$420,000

Table (6)

Compute the percentage of net realizable value:

Product Smooth:

Net RealizableValue Percentage } = Sales value of Production for SmoothTotal Sales value of Production=$180,000$300,000=0.60=60%

Silken:

Net RealizableValue Percentage } = Sales value of Production for SilkenTotal Sales value of Production=$12,000$300,000=0.40=40%

Answer 27

4.

Expert Solution

Answer 28

4.

Expert Solution

Answer 29

Expert Solution

Answer 30

Ch. 7 - Prob. 1Q Ch. 7 - Explain the difference between joint products and...Ch. 7 - Prob. 3Q Ch. 7 - What are the three methods of departmental cost...Ch. 7 - Prob. 5Q Ch. 7 - Prob. 6Q Ch. 7 - Prob. 7Q Ch. 7 - What are the limitations of joint product and...Ch. 7 - Prob. 9Q Ch. 7 - Prob. 10Q

Ascertain the joint cost to be allocated to the products under the relative sales value method.

Ascertain the joint cost to be allocated to the products under the relative sales value method.

Explanation of Solution

Ascertain the joint cost to be allocated to the products under the physical measure method.

Explanation of Solution

Ascertain the joint cost to be allocated to the products under the net realizable value method.

Explanation of Solution

Ascertain the joint cost to be allocated to the products under the physical measure method.

Explanation of Solution

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