Juno Ltd.manufactures three separate products Q, R, and S from a joint production process .During March, the joint costs of processing were $875,000.Production and sales value information for the month were as follows:
Required:
Determine the amount of joint cost allocated to each product if the constant gross margin percentage NRV method is used.

Question

Juno Ltd.manufactures three separate products Q, R, and S from a joint production process .During March, the joint costs of processing were $875,000.Production and sales value information for the month were as follows:
  Required:
Determine the amount of joint cost allocated to each product if the constant gross margin percentage NRV method is used.

Quizplus · Accepted Answer

The Answer of Juno Ltd.manufactures three separate products Q, R, and S from a joint production process .During March, the joint costs of processing were $875,000.Production and sales value information for the month were as follows:
  Required:
Determine the amount of joint cost allocated to each product if the constant gross margin percentage NRV method is used.

Juno Ltdmanufactures Three Separate Products Q, R, and S from a a Joint