Joint product cost using relative sales value method, Accounting Basics

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Joint product cost using relative sales value method

Products Alpha and Beta are joint products. The joint production cost of the products is $800. Alpha has a market value of $400 at the split-off point. If Alpha is further processed at an additional cost of $600, its market value is $1,400. Product Beta has a market value of $1,200 at the split-off point. If Product Beta is further processed at an additional cost of $300, its market value is $1,400. Using the relative sales value method, calculate the joint product cost that would be allocated to Alpha and Beta. How do you know if one of the products should be further processed?

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Accounting Basics: Joint product cost using relative sales value method

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Accounting Basics: Joint product cost using relative sales value method

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Recent Questions Asked Accounting Basics

Q : What is lacy''s recognized gain

Q : Computing current value of futures position

Q : Possible tax and economic implications

Q : What might the company do to reduce the pressures on manager

Q : Joint product cost using relative sales value method

Q : How would increasing the price affect total revenue

Q : What is the project total present value

Q : What price prevail if new screening methods are adopted

Q : Advantages and disadvantages of cost-plus pricing

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Joint product cost using relative sales value method

Reference No:- TGS041798

Recent Questions Asked Accounting Basics

Q : What is lacy''s recognized gain

Q : Computing current value of futures position

Q : Possible tax and economic implications

Q : What might the company do to reduce the pressures on manager

Q : Joint product cost using relative sales value method

Q : How would increasing the price affect total revenue

Q : What is the project total present value

Q : What price prevail if new screening methods are adopted

Q : Advantages and disadvantages of cost-plus pricing

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