Antwer the following questions using the information below The Mac Company processes two chemicals, mace...

50.1K

Verified Solution

Question

Accounting

image
Antwer the following questions using the information below The Mac Company processes two chemicals, mace and pepper av One chemical process is used by both products. Both products are separated at the splitoft point. Mace is ready for sale immediately upon splitoff, but pepper sotay requires further processing to create a stable product During 20XX, the production, selle prices and sales were Production pepper spray 10.000 bottles mace 6.240 cans Selling prices and sales pepper spray $5.00 per bottle, 7.500 bottles sold mace 52.00 per can, 5.000 can sold The total joint manufacturing costs for 20XX were $10,000. The Mac Company spent an additional $5000 to make pepper spray ready for the market. There were no beginning inventories for either product What is the allocation of joint costs to PEPPER SPRAY using the constant margin percentage NRV method for joint cost allocation! $5.600 O $9.600 $7.000 $6,450

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students