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