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Russell Co.produces three products - U,V,and W - from a joint process.Each product may be sold at the split-off point or processed further.Additional processing requires no special facilities,and production costs of further processing are entirely variable and traceable to the products involved.Last year all three products were processed beyond split-off.Joint production costs for the year were $70,000.Sales values and costs needed to evaluate Russell's production policy follow.
The amount of joint costs allocated to product U using the sales value at split-off method is (calculate all ratios and percentages to 4 decimal places,for example 33.3333%,and round all dollar amounts to the nearest whole dollar) :
Control
The capacity to steer or impact how people act or the direction of happenings.
Standard Deviations
A statistical measure that quantifies the amount of variation or dispersion of a set of data points relative to its mean.
Normal Curve
A bell-shaped curve that represents the distribution of many types of data where most values cluster around a central region.
Correlations
A measure that indicates the extent to which two or more variables fluctuate together.
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