Answers
31. The correct answer is option B $81000
According relative sales value method. Joint cost is allocated on the basis of total sales value of product.
Sales value of P = sales price * sales unit
46000*$2.40 = $110400
Sales value of Q= $81000*$4.60=$372600
Joint cost allocation to product Q= (joint cost * sales value of Q)÷ (Total sales value of P + total sales value of Q)
($105000*$372600)÷($110400 + 372600)= $81000
32. The correct option is A $24000
The same method can be followed as above discussed .
( Joint cost*sales value of product P)÷(Total sales value of product P + total sales value of product Q)
($105000*$110400)÷($110400+$372600)= $24000
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