Homework Answers
Requirement 1: Allocate joint costs using weighted average method as follows
| Apple Grades | Pounds | Weight Factor | Weighted Pounds | Percent | Joint Cost | Joint Cost Allocation |
| (a) | (b) | (a) × (b) | (c) | (d) | (c) × (d) | |
| Grade A | 1,500 | 4.0 | 6,000 | 0.2243 | $16,000 | $3,589 |
| Grade B | 5,000 | 2.0 | 10,000 | 0.3738 | $16,000 | $5,981 |
| Slices | 8,000 | 1.0 | 8,000 | 0.2991 | $16,000 | $4,786 |
| Apple Sauce | 5,500 | 0.5 | 2,750 | 0.1028 | $16,000 | $1,645 |
| Total | 20,000 | 26,750 | 1.0000 | $16,000 |
Note: Grade A: 0.2243 (6,000 ÷ 26,750)
Grade B: 0.3738 (10,000 ÷ 26,750)
Slices: 0.2991 (8,000 ÷ 26,750)
Apple Sauce 0.1028 (2,750 ÷ 26,750)
Requirement 2: Allocate joint costs using weighted average method as follows
| Apple Grades | Pounds | Weight Factor | Weighted Pounds | Percent | Joint Cost | Joint Cost Allocation |
| (a) | (b) | (a) × (b) | (c) | (d) | (c) × (d) | |
| Grade A | 1,500 | 3.0 | 4,500 | 0.1782 | $16,000 | $2,851 |
| Grade B | 5,000 | 2.0 | 10,000 | 0.3960 | $16,000 | $6,336 |
| Slices | 8,000 | 1.0 | 8,000 | 0.3168 | $16,000 | $5,069 |
| Apple Sauce | 5,500 | 0.5 | 2,750 | 0.1089 | $16,000 | $1,742 |
| Total | 20,000 | 25,250 | 0.9999 | $15,998 |
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