Suppose that one hog yields 250 pounds of ham,200 pounds of chops,and 50 pounds of miscellaneous items.The sales value of ham is $1.80 per pound;chops,$2.50 per pound;and miscellaneous items,$1.00 per pound.The hog costs $670,and processing costs are $30.
Required:
A.Determine the proper allocation of joint costs to the three products by using the physical-units method.
B.Repeat part "B" by using the relative-sales-value method.

Question

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The Answer of Suppose that one hog yields 250 pounds of ham,200 pounds of chops,and 50 pounds of miscellaneous items.The sales value of ham is $1.80 per pound;chops,$2.50 per pound;and miscellaneous items,$1.00 per pound.The hog costs $670,and processing costs are $30.
Required:
A.Determine the proper allocation of joint costs to the three products by using the physical-units method.
B.Repeat part "B" by using the relative-sales-value method.

Suppose That One Hog Yields 250 Pounds of Ham,200 Pounds