Answer:
Cost for Nuts = $80,000 2/5 = $32,000
Cost for bolts = $80,000 3/5 = $48,000
Explanation:
Provided joint cost = $80,000
Total quantity of nuts and bolts at separation
Nuts = 5,000 pounds
Bolts = 10,000 pounds
Weights of cost will be based on value of goods.
Nuts = 5,000 $20 = $100,000
Bolts = 10,000 $15 = $150,000
Thus, weights will be 10:15 = 2:3
Cost for Nuts = $80,000 2/5 = $32,000
Cost for bolts = $80,000 3/5 = $48,000