Use Constant -Margin Percentage NRV Method to allocate Joint cost to each product (use Table)...

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Accounting

Use Constant -Margin Percentage NRV Method to allocate Joint cost to each product (use Table)
The company has the following information:
Total Final Sale Value $1,600,000
Total Joint and Separable Costs $1,200,000
Gross Margin $ 400,000.
Groos Margin %25%
Main Product A
Main Product B
Total
Final sales value of total production
$500,000
$1,100,000
$1,600,000
Gross Margin (%)
Gross Margin $
$400,000
Total Costs
$
$
Separable Costs
$280,000
$520,000
$800,000
Joint Cost?
What amount of joint cost should beallocated to Product 1 and to product 2

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