Question
In: Accounting
. St. Louis Corporation has two products, the Cardinals and the Blues. Volume information for those...
. St. Louis Corporation has two products, the Cardinals and the Blues. Volume information for those two products follows:
Product Volume
Cardinals 50,000 grams
Blues 30,000 grams
The joint cost of the two products is $140,000. What portion of the joint cost will product be allocated if the allocation is performed by volume?
A. $50,000 and $30,000 B. $37,500 and 102,500
C. $100,000 and 40,000 D. $87,500 and 52,500
Solutions
Expert Solution
Cost of Product Cardinals = Total Cost * Volume of Cardinals/ Total Volume
= 140000 * 50000 / 80000
= $ 87500
Cost of Product Blues = Total Cost * Volume of Blues/ Total Volume
= 140000 * 30000 / 80000
= $ 52500
Ans D) $ 87500 and $ 52500
ekkarill92 answered 1 year agoRelated Solutions
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