Business, 23.04.2020 17:47 cbaughn11

Differential Chemical produced 14,000 gallons of Preon and 28,000 gallons of Paron. Joint costs incurred in producing the two products totaled $6,900. At the split-off point, Preon has a market value of $6.00 per gallon and Paron $2.00 per gallon. Compute the portion of the joint costs to be allocated to Preon if the value basis is used.

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Differential Chemical produced 14,000 gallons of Preon and 28,000 gallons of Paron. Joint costs incu...

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