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Business, 25.06.2019 20:20 lilkobe6982

Fanning chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 332,800 pounds of raw materials, the company generates 75,300 pounds of b7, 156,600 pounds of k6, and 100,900 pounds of x9. a standard batch costs $3,328,000 to produce. the sales prices per pound are $10, $15, and $20 for b7, k6, and x9, respectively. required allocate the joint product cost among the three final products using weight as the allocation base. allocate the joint product cost among the three final products using market value as the allocation base.

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