Alvarez Company makes three joint products, products A, B, and C. For each batch, the materials...

 

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Alvarez Company makes three joint products, products A, B, and C. For each batch, the materials cost is $23,500, direct labor cost is $7,000, and manufacturing overhead is $14,500. From each batch, the company makes 3,500 pounds of A, 3,000 pounds of B, and 2,500 pounds of C. Required: a. What are the total joint costs for each batch of the products? b. Allocate the joint costs to each of the three products. c. Determine the cost per pound for product A. a. Total joint costs b. Amount of joint costs allocated to A b. Amount of joint costs allocated to B b. Amount of joint costs allocated to C c. Cost for product A per pound Alvarez Company makes three joint products, products A, B, and C. For each batch, the materials cost is $23,500, direct labor cost is $7,000, and manufacturing overhead is $14,500. From each batch, the company makes 3,500 pounds of A, 3,000 pounds of B, and 2,500 pounds of C. Required: a. What are the total joint costs for each batch of the products? b. Allocate the joint costs to each of the three products. c. Determine the cost per pound for product A. a. Total joint costs b. Amount of joint costs allocated to A b. Amount of joint costs allocated to B b. Amount of joint costs allocated to C c. Cost for product A per pound

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a Total Joint Costs The total joint costs for each batch are the sum of materials direct labor and m... View the full answer