LOL company uses the weighted average method to assign joint costs. Weight factors used to assign...
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LOL company uses the weighted average method to assign joint costs. Weight factors used to assign joint costs to its three joint products were: Product A, 4 points; Product B, 7 points; and Product C, 8 points. Units produced were Product A, 10,000; Product B, 5,000 and Product C, 3,125. Joint costs amounted to P100,000. How much would be allocated to Product A? LOL company uses the weighted average method to assign joint costs. Weight factors used to assign joint costs to its three joint products were: Product A, 4 points; Product B, 7 points; and Product C, 8 points. Units produced were Product A, 10,000; Product B, 5,000 and Product C, 3,125. Joint costs amounted to P100,000. How much would be allocated to Product A?
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Management Accounting
ISBN: 9781760421144
7th Edition
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
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