Joint Cost Allocation-Market Value at Split-off Method Griptum Inc. produces two different styles...
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Joint Cost AllocationMarket Value at Splitoff Method
Griptum Inc. produces two different styles of door handles, standard and curved. The door handles go through a joint production molding process costing $ per batch and producing standard door handles and curved door handles at the splitoff point. Both door handles undergo additional production processes after the splitoff point, but could be sold at that point: the standard style for $ per door handle and the curved style for $ per door handle.
Determine the amount of joint production costs allocated to each style of door handle using the market value at splitoff method.
tableJoint Product,AllocationStandard door handle,$
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