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Homework answers / question archive / True or False When calculating Joint Product Costs you can use the weighted average method if the products are not broken down any further
True or False When calculating Joint Product Costs you can use the weighted average method if the products are not broken down any further.
Answer: True
The weighted average method uses the weight factors to include such diverse elements as amount of material used, difficulty to manufacture, time consumed, the difference in type of labor used, and size of unit.
The canning industry uses weight factors to distinguish between can sizes or quality of product. The weighted average method allocates relatively more of the joint cost to the high-grade products because they represent more desirable and profitable products.
