The Mallak Company produced three joint products at a joint cost of $208,600. Two of these...
The Mallak Company produced three joint products at a joint cost
of $208,600. Two of these products were processed further.
Production and sales were:
| Weight | Sales | Addt’l. Processing Costs | ||||||
| P | 462,000 | lbs. | $ | 369,600 | $ | 277,200 | ||
| Q | 210,000 | lbs. | 63,000 | -0- | ||||
| R | 210,000 | lbs. | 367,500 | 210,000 | ||||
If joint costs are allocated based on relative weight of the
outputs and all products are main products, how much of the joint
costs would be allocated to product P?
$109,267.
$111,767.
$99,267.
$93,017.
Homework Answers
Answer- The joint costs would be allocated to product P based on relative weight of the outputs= $109267.
Explanation- Allocation of joint costs to product P on the basis of weight of the outputs = (Weight of product P/Total weight of all products)*Total joint costs
= (462000 lbs./882000 lbs.)*208600
= $109267
Add Answer to:
The Mallak Company produced three joint products at a joint cost
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