4893&OpenVellurnHMACzcS53b2d239b85e1; 271 d5719fe2cf3005#10016 Secure https://ww

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4893&OpenVellurnHMACzcS53b2d239b85e1; 271 d5719fe2cf3005#10016 Secure https://www.ma /PlayerTest.aspx?testld-1797814848icenterwin-yes MAC 7200 Ashlynn Wright 34 Test: Final Exam Time Remaining: 01:55.42 This Question: 2 pts 17 or 45 (14 complete) This Test: 10 Denise Company manufactures three products from a joint process Joint costs for the year amounted to $250,000 The following data was available Product Units Produced Sales Value at Spli-off 5,000 3,000 2,000 $70,000 $30,000 100,000 Assume the relative-sales-value method of allocating joint costs used. What amount of jort costs is alocated to productX? O B. $87 500 O C. $250.000 O D. $125,000 Cick to select your answer

Explanation / Answer

Product

Sales

X

$70,000

Y

$30,000

Z

$100,000

Total

$200,000

Total joint costs

$250,000

Allocation of joint costs based on sales value

Joint costs allocated to Product X = $250,000/$200,000*$70,000

$87,500

Ans

Option (B) $87,500

Product

Sales

X

$70,000

Y

$30,000

Z

$100,000

Total

$200,000

Total joint costs

$250,000

Allocation of joint costs based on sales value

Joint costs allocated to Product X = $250,000/$200,000*$70,000

$87,500

Ans

Option (B) $87,500

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