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Joint Cost Allocation

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Bb ICEBREAKER ASSIGNMENT – 202( x
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Joint cost allocation
1. EX.05.01.ALGO
Rosie’s Roses produces three colors of roses: red, white, and peach. The roses are produced jointly in the same garden, and aggregately cost a total of
2. BE.05.04 ALGO
$110 per harvest. One harvest produces 80 red roses, 70 white roses, and 50 peach roses. Rosie also noted that the peach roses require a fertilizer that
is twice as expensive as the fertilizer required by the white and red roses. However, due to the structure of the shared garden space, the more
3. EX.05.13
expensive fertilizer is used for all flower types in a joint production process.
1. Using the physical units method, allocate the joint costs of production to each product. Round your answers to two decimal places.
4. EX.05.05
Joint
Roses
Joint
5. PR.05.03A
Product
per Harvest
Proportion
Costs
Allocation
Red roses
%
6. EX.05.07 .ALGO
White roses
7. PR.05.04B
Peach roses
8. BE.05.01 ALGO
Totals
2. Using the weighted average method, allocate the joint costs of production to each product. Round your answers to two decimal places.
Weighted
Weighted
Joint
Roses
Weight
Roses
Percent
Joint
Product
per Harvest
Factor
of Fertilizer
of Fertilizer
Costs
ocation
Red roses
White roses
Peach roses
TotalsManagerial Accounting