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 $40,000 of materials cost and $44,000 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 $2,000. the recent batch contained 4,000 platters and 1,000 cups. tsc sold the platters for $100,000 and the cups for $12,000. if relative market value is used to allocate the joint cost, what is the income earned for cups?
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The silver center (tsc) produces cups and platters. tsc purchases silver and other metals that are p...
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