Deming & Sons manufactures four grades of lubricant W-10, W-20, W-30, and W-40,

Question

Deming & Sons manufactures four grades of lubricant W-10, W-20, W-30, and W-40, from a joint process. Additional information follows If Processed Further Units Sales Value at Split-Off Product Produced W-10 W-20 W-30 W-40 Additional Costs Sales Values 68,600 49,000 39,200 39,200 196,000 S 408,000 351.000 237,000 180,000 S 44.100 35,100 23,700 14.700 $ 447,000 408,000 294,000 196,000 $1,345,000 $1,176,000 S117,600 Required Assuming that total joint costs of $446,880 were allocated using the physical quantities method, what joint costs were allocated to each product? (Do not round intermediate calculations.) osts Allocated Product W-10 W-20 W-30 W-40

Explanation / Answer

Product Joint costs allocated W-10 156408 =446880/196000*68600 W-20 111720 =446880/196000*49000 W-30 89376 =446880/196000*39200 W-40 89376 =446880/196000*39200

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