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Oak Products produces two joint products (A and B). Prior to the split-off point, the company...



Oak Products produces two joint products (A and B). Prior to the split-off point, the company incurs costs of $5,840. Product A weighs 29 pounds, and Product B weighs 116 pounds. Product A sells for $103 per pound, and Product B sells for $35 per pound.

Based on relative sales values at the split-off point, allocate joint costs to Products A and B. (Round relative sales value proportion to 4 decimal places eg.0.4525 and final answers to 0 decimal places.)

PRODUCT A

PRODUCT B

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Answer #1
Answer
Calculation of allocation of joint cost :
Product Sales value Allocated cost
Product A 29*103=2987 5840*2987/7047 $             2,475
Product B 116*35=4060 5840*4060/7047 $             3,365
Total $                      7,047 $             5,840
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