Quorum, Inc., has joint processing costs of $2,000,000. There are no further processing costs. The demand...

  

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Quorum, Inc., has joint processing costs of $2,000,000. There are no further processing costs. The demand for Quorum's products has been fluctuating greatly; production has remained relatively constant. The following information for the past year has been provided: Selling price per unit Units produced ($) 8.00 Product Units sold 30,000 30,000 50,000 60,000 80,000 A-22 25,000 40,000 35,000 50,000 75,000 B-23 10.00 АВ-21 4.00 C2-3 3.00 С-21 7.00 Required: Allocate the joint costs using sales to production ratio method. Quorum, Inc., has joint processing costs of $2,000,000. There are no further processing costs. The demand for Quorum's products has been fluctuating greatly; production has remained relatively constant. The following information for the past year has been provided: Selling price per unit Units produced ($) 8.00 Product Units sold 30,000 30,000 50,000 60,000 80,000 A-22 25,000 40,000 35,000 50,000 75,000 B-23 10.00 АВ-21 4.00 C2-3 3.00 С-21 7.00 Required: Allocate the joint costs using sales to production ratio method.

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Percentage of Total Sales Number of units sold of a particular Product Aggregate Number ... View the full answer