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Jackson Company manufactures three products from a joint process. Joint costs for the year amounted to​ $300,000. The following data was​ available: Product Units Produced Sales Value at Splitminusoff X ​5,000 ​$70,000 Y ​3,000 ​$30,000 Z ​2,000 ​ $100,000 Assume the physicalminusunits method of allocating joint costs is used. What amount of joint costs is allocated to Product​ Y?

Respuesta :

Answer:

Joint costs allocated to Product Y = $60,000

Explanation:

Given:

Particular     Product Units     Produced Sales

X ​                       5,000               ​$70,000

Y                        ​3,000 ​              $30,000

Z ​                       2,000 ​              $100,000

Total                   10,000        

Joint costs allocated to Product Y = (Total Joint costs × Y's total unit) / Total units produced

Joint costs allocated to Product Y = ($300,000 × 3,000) / 10,000

Joint costs allocated to Product Y = $90,000

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