Question

The Silver Center (TSC) produces cups and platters. TSC purchases silver and other metals that are processed into silver alloy that is used to make platters and cups. TSC incurred $52,000 of materials cost and $56,000 of labor cost to produce the silver alloy. Platters are made first and the residual alloy is remixed into a lower grade silver plated material that is used to make the cups. Remixing cost amount to $5,000. The recent batch contained 10,000 platters and 4,000 cups. TSC sold the platters for $160,000 and the cups for $24,000. Based on this information the total amount of joint cost is?

Answer 1

The total amount of joint cost is $113,000.

Step-by-step explanation:

The total amount of joint cost can be calculated by adding the materials cost, labor cost, and remixing cost. In this case, the materials cost is $52,000, the labor cost is $56,000, and the remixing cost is $5,000. Therefore, the total joint cost is $52,000 + $56,000 + $5,000 = $113,000.