Problem 11-47 Name:
Insert your answers into the gray-shaded cells. Enter formulas where appropriate.
Enter amounts to be subtracted as negative numbers. If an answer is incorrect,
the word “wrong” will appear.
a. Joint cost allocation:
Checking 464,000$
Credit cards 336,000
Total 800,000$
b. Checking Credit Card Total
Revenues 1,914,000$ 1,386,000$ 3,300,000$
Joint costs (464,000) (336,000) (800,000)
Separate costs (850,000) (380,000) (1,230,000)
Gross margin unadjusted 600,000$ 670,000$ 1,270,000$
Identity theft insurance revenue 80,000
Overall gross margin 1,350,000$
Solution
