The All-Inclusive Corporation manufactures 2 main products Thingone and Thingtwo, in addition to byproduct X from a joint process. In September 2020 production was 8,000 units of Thingone; 10,000 units of Thingtwo; and 50,000 units of Xs. Per unit selling prices at the splitoff point were $40, $30, and $0.02 respectively. Joint costs up to the splitoff point were $155,250. If joint costs are allocated based upon the sales value at splitoff, what amount of joint costs will be allocated to byproduct Xs?

Answer rating: 100% (QA)

To allocate joint costs based on the sales values at splitoff we need to calculate the total sales v... View the full answer