Question $1-$ Cost and Revenue Allocation Data for Allocation:

$$ Revenue and Costs:

o Total Revenue: $$1,000,000$

o Joint Costs: $$250,000$

o Support Department Costs: $$150,000$

$$ Revenue Streams:

o Product X: $$600,000$

o Product Y: $$400,000$ Tasks:

Allocate joint costs to products X and Y using the physical units method and the relative sales value method. Show calculations and discuss the differences in cost allocation between the two methods.