Question: Longtime Chemical produced 10 000 gallons of Greon and 20 000 ga

Longtime Chemical produced 10,000 gallons of Greon and 20,000 gallons of Baron. Joint costs incurred in producing the two products totaled $7,800. At the split-off point, Greon has a market value of $6.00 per gallon and Baron $4.00 per gallon. What portion of the joint costs should be allocated to Greon if the basis is market value at point of separation?
a. $3,343.
b. $6,457.
c. $7,800.
d. $60,000.
e. $6,850.

View Solution:


Sale on SolutionInn
Sales0
Views165
Comments
  • CreatedSeptember 19, 2013
  • Files Included
Post your question
5000