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Calcion Industries produces two joint products, Y and Z. Prior to the split-off point, the company incurred costs of $31,000. Product Y weighs 15 pounds and product Z weighs 85 pounds. Product Y sells for $150 per pound and product Z sells for $125 per pound. Based on a physical measure of output, allocate joint costs to products Y and Z. Product Y allocation $______ Product Z allocation $______

Calcion Industries produces two joint products, Y and Z. Prior to the split-off point, the company incurred costs of $31,000. Product Y weighs 15 pounds and product Z weighs 85 pounds. Product Y sells for $150 per pound and product Z sells for $125 per pound. Based on a physical measure of output, allocate joint costs to products Y and Z. Product Y allocation $______ Product Z allocation $______

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter10: Short-term Decision Making
Section: Chapter Questions
Problem 10PA: Clarion Industries produces two joint products, Y and Z. Prior to the split-off point, the company...
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Calcion Industries produces two joint products, Y and Z. Prior to the split-off point, the company incurred costs of $31,000. Product Y weighs 15 pounds and product Z weighs 85 pounds. Product Y sells for $150 per pound and product Z sells for $125 per pound. Based on a physical measure of output, allocate joint costs to products Y and Z.

Product Y allocation $______

Product Z allocation $______

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