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Compute the portion of joint costs to be allocated to preon

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Reference no: EM132587061

Question 1: Differential Chemical produced 12,000 gallons of Preon and 16,000 gallons of Paron. Joint costs incurred in producing the two products totaled $6,200. At the split-off point, Preon has a market value of $8.00 per gallon and Paron $4.00 per gallon. Compute the portion of the joint costs to be allocated to Preon if the value basis is used.

Option 1: $3,100.

Option 2: $1,240.

Option 3: $2,480.

Option 4: $5,705.

Option 5: $3,720.

Reference no: EM132587061

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