At the end of his company's first year in operation, Daniel is allocating costs to the company's three main products: wheat flour. bleached white flour, and baking flour. These three products are produced from one main process, which costs the company $\$ 121,000 $. The compamy produced 5,940 pounds of wheat flour, 7,920 pounds of bleached white flour, and 4, 140 pounds of baking flour. Of the quantities produced, Daniel notes sales of $80\%, 90% $, and $60 \% $ of the wheat, white, and baking flour quantities available, respectively. Calculate how much of the joint costs will be allocated to each of the three joint products under the physical quantities method. (Round proportion to 2 decimol places, es. 0.25 and final ansvers to 0 dedimal ploces, es. 5.125)

At the end of his company's first year in operation, Daniel is allocating costs to the company's three main products: wheat flour. bleached white flour, and baking flour. These three products are produced from one main process, which costs the company $\$ 121,000 $. The compamy produced 5,940 pounds of wheat flour, 7,920 pounds of bleached white flour, and 4, 140 pounds of baking flour. Of the quantities produced, Daniel notes sales of $80\%, 90% $, and $60 \% $ of the wheat, white, and baking flour quantities available, respectively. Calculate how much of the joint costs will be allocated to each of the three joint products under the physical quantities method. (Round proportion to 2 decimol places, es. 0.25 and final ansvers to 0 dedimal ploces, es. 5.125)

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints

Section: Chapter Questions

Problem 25P: Taylor Company produces two industrial cleansers that use the same liquid chemical input: Pocolimpio...

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