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 Ltd Manufactures Three Separate Products Q, R, and S from from a Joint