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Alpha Company manufactures products XX-1 and XX-2 from a joint process. Total joint costs are $300,000. The sales value at split off was $350,000 for 4,000 units of product XX-1 and $150,000 for 1,000 units of product XX-2. Required :Assuming that total joint costs are allocated using the net realizable value at split off approach, what amount of the joint costs was allocated to product XX-1?
The general manager of Qantas had two concerns: the company's worsening cash position ($3000 cash and No bank loan at the end of 2011, No cash and a $7,000 bank loan at the end of 2012) and an inadequate level of net profit. (According to General ..
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