Chapter 17 – Allocation of Support Activity Costs and Joint Costs
Use the following information to answer Questions 65 & 66.
Kingston Specialty Corporation manufactures joint products P and Q. During a recent period,
joint costs amounted to $80,000 in the production of 20,000 gallons of P and 60,000 gallons
of Q. Kingston can sell P and Q at split-off for $2.20 per gallon and $2.60 per gallon,
respectively. Alternatively, both products can be processed beyond the split-off point, as
follows:
Separable processing costs
Sales price (per gallon) if processed beyond split-off
65. The joint cost allocated to Q under the relative-sales-value method would be:
66. The joint cost allocated to P under the relative-sales-value method would be: