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Explain the difference in unit costs using the two methods

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Reference no: EM13513733

Total Mining Company produces two products from ore, copper and zinc. The following events took place in May:

Copper

Zinc

Total

Units produced

40,000

60,000

100,000

Unit selling price

$2.00

$1.oo

Joint costs incurred were $110,000.

(a) Allocate the joint costs to the two products using the physical measures method.

(b) Allocate the joint costs to the two products using the relative sales value method.

(c) Explain the difference in unit costs using the two methods.

(d) Which method do you think better allocates joint costs? Why?

 

Reference no: EM13513733

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