Choi Company manufactures two skin care lotions, Smooth Skin and Silken Skin, from a joint...
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Choi Company manufactures two skin care lotions, Smooth Skin and Silken Skin, from a joint process. The joint costs incurred are $ for a standard production run that generates pints of Smooth Skin and pints of Silken Skin. Separable processing costs beyond the splitoff point are $ per pint for Smooth Skin and $ per pint for Silken Skin. Required: How much of the joint costs are allocated to Smooth Skin and Silken Skin under each of the following methods: Physical quantity method Sales value at splitoff method. Assume the following sales prices at the splitoff point: Smooth Skin sells for $ per pint, while Silken Skin sells for $ per pint. Net realizable value method. Assume the following sales prices after further processing: Smooth Skin sells for $ per pint, while Silken Skin sells for $ per pint. For all requirements, do not round intermediate calculations. Round final answers to nearest whole dollar amounts. 
Choi Company manufactures two skin care lotions, Smooth Skin and Silken Skin, from a joint process. The
joint costs incurred are $ for a standard production run that generates pints of Smooth
Skin and pints of Silken Skin. Separable processing costs beyond the splitoff point are $ per
pint for Smooth Skin and $ per pint for Silken Skin.
Required: How much of the joint costs are allocated to Smooth Skin and Silken Skin under each of the
following methods:
Physical quantity method
Sales value at splitoff method. Assume the following sales prices at the splitoff point: Smooth Skin
sells for $ per pint, while Silken Skin sells for $ per pint.
Net realizable value method. Assume the following sales prices after further processing: Smooth Skin
sells for $ per pint, while Silken Skin sells for $ per pint.
For all requirements, do not round intermediate calculations. Round final answers to nearest
whole dollar amounts.
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