Question: Joint Cost Allocation using the Physical Measures Method with By-Product : A company produces two joint products, P and Q, and a by-product, R, from

Joint Cost Allocation using the Physical Measures Method with By-Product: A company produces two joint products, P and Q, and a by-product, R, from a common production process. The total joint production costs up to the split-off point are $200,000. Product P has a total weight of 8,000 kilograms, and product Q has a total weight of 12,000 kilograms. The by-product R has a total weight of 5,000 kilograms. Allocate the joint production costs to each product using the physical measures method, considering the by-product.

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