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Calculate the amount of joint cost of each production run

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Reference no: EM133017121

Question - Hovart Corporation manufactures two products out of a joint process: Compod and Ultrasene. The joint costs incurred are P2,500,000 for a standard production run that generates 120,000 gallons of Compod and 80,000 gallons of Ultrasene. Compod sells for P20 per gallon while Ultrasene sells for P32.5 per gallon. If there are no additional processing costs incurred after the split-off point, calculate the amount of joint cost of each production run allocated to Ultrasene on a relative-sales value basis.

Reference no: EM133017121

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