Business, 31.10.2019 00:31 tayveon122

Munoz chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 318,000 pounds of raw materials, the company generates 76,000 pounds of b7, 156,000 pounds of k6, and 86,000 pounds of x9. a standard batch costs $2,544,000 to produce. the sales prices per pound are $6, $10, and $16 for b7, k6, and x9, respectively.

a. allocate the joint product cost among the three final products using weight as the allocation base.
b. allocate the joint product cost among the three final products using market value as the allocation base.

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Munoz chemical company makes three products, b7, k6, and x9, which are joint products from the same...

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