Excel Template Joint 4_12B

# Excel Template Joint 4_12B - Student Name Exercise 4-12B...

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Student Name: Given Data E04-12B: Required: a. Allocate the joint product cost among the three final products using weight as the allocation base. b. Allocate the joint product cost among the three final products using market value as the allocation base. a. Allocating joint cost using weight as the allocation base: Step 1.  Determine the allocation rate. Allocation Rate \$        = –––––– = –––––––– = Step 2.  Assign the cost by multiplying the allocation rate by the weight of the base for each product. Product x = Cooking Oil \$ x = \$                 Cattle Feed \$ x = Total Allocated Cost \$                 b. Allocating joint cost using the total market value: Product Sales Price x Weight = Cooking Oil x = \$              Cattle Feed x =   Total Market Value \$              Step 1.  Determine the allocation rate. Allocation Rate \$
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