Question

The following information relates to a joint production process for three products, with a total joint...

The following information relates to a joint production process for three products, with a total joint production cost of $105,000. There are no separable processing costs for any of the three products.

Product Sales Value at Split-Off Units at Split-Off
1 $ 126,000 200    
2 52,500 600
3 31,500 1,200
$ 210,000 2,000

What percentage of joint cost is allocated to each of the three products using the physical units method?

Product Percent of Sales Units

1%

2%

3%

Business   Accounting   
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Answer #1
Product Units at Split-Off Product Percent of Sales Units Joint cost allocation (% x Joint Cost)
1                        200 10% $10,500
2                        600 30% $31,500
3                     1,200 60% $63,000
                    2,000 $105,000
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