Question Content Area Scotland Beauty Products manufactures face cream, body lotion, and liquid soap in a joint manufacturing process. At the split-off point, the company has 300 pounds of face cream with a market value of $15 per pound, 200 pounds of body lotion with a market value of $13 per pound, and 300 pounds of liquid soap with a market value of $7 per pound and has incurred $200,000 in joint costs. Round percentages in intermediate steps to the nearest whole percentage. Using the market value at split-off method, allocate the joint costs to: a. Face Cream $fill in the blank 1 b. Body Lotion $fill in the blank 2 c. Liquid Soap $fill in the blank 3

Question Content Area Scotland Beauty Products manufactures face cream, body lotion, and liquid soap in a joint manufacturing process. At the split-off point, the company has 300 pounds of face cream with a market value of $15 per pound, 200 pounds of body lotion with a market value of $13 per pound, and 300 pounds of liquid soap with a market value of $7 per pound and has incurred $200,000 in joint costs. Round percentages in intermediate steps to the nearest whole percentage. Using the market value at split-off method, allocate the joint costs to: a. Face Cream $fill in the blank 1 b. Body Lotion $fill in the blank 2 c. Liquid Soap $fill in the blank 3

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

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Scotland Beauty Products manufactures face cream, body lotion, and liquid soap in a joint manufacturing process. At the split-off point, the company has 300 pounds of face cream with a market value of $15 per pound, 200 pounds of body lotion with a market value of $13 per pound, and 300 pounds of liquid soap with a market value of $7 per pound and has incurred $200,000 in joint costs.

Round percentages in intermediate steps to the nearest whole percentage.

Using the market value at split-off method, allocate the joint costs to:

a. Face Cream		$fill in the blank 1
b. Body Lotion		$fill in the blank 2
c. Liquid Soap		$fill in the blank 3

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