Jackson Company manufactures three products from a joint process. Joint costs for the year amounted to $300,000. The following data was available: Product Units Produced Sales Value at Splitminusoff X 5,000 $70,000 Y 3,000 $30,000 Z 2,000 $100,000 Assume the physicalminusunits method of allocating joint costs is used. What amount of joint costs is allocated to Product Y?

Joint costs allocated to Product Y = $60,000

Explanation:

Given:

Particular     Product Units     Produced Sales

X                       5,000               $70,000

Y                        3,000              $30,000

Z                       2,000              $100,000

Total                   10,000        

Joint costs allocated to Product Y = (Total Joint costs × Y's total unit) / Total units produced

Joint costs allocated to Product Y = ($300,000 × 3,000) / 10,000

Joint costs allocated to Product Y = $90,000

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.