Joint costs total $24,000 for a production process that yields two main products,A and B.If joint costs are allocated to the products on the basis of their respective $20,000 and $30,000 sales values,2/3 of the joint costs (or $16,000)would be allocated to Product A.

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Joint costs are allocated based on the proportion of each product's sales value relative to the total sales value. Product A's sales value is $20,000, and Product B's is $30,000, making the total $50,000. Product A's allocation would be ($20,000 / $50,000) * $24,000 = $9,600, not $16,000.

Joint Costs Total $24,000 for a Production Process That Yields