Corp. manufactures produts Product Y and P25,000 for 2,000 units of Product Z. Assuming that the portion of the total joint costs properly allocated to Product Y using the relative sales value at split off approach was P30,000. What were the total joint costs? and 2 a joint process. The sales value at split-off was P50,000 for 6,00 of

Corp. manufactures produts Product Y and P25,000 for 2,000 units of Product Z. Assuming that the portion of the total joint costs properly allocated to Product Y using the relative sales value at split off approach was P30,000. What were the total joint costs? and 2 a joint process. The sales value at split-off was P50,000 for 6,00 of

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 27E: Pacheco, Inc., produces two products, overs and unders, in a single process. The joint costs of this...

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Korina Company manufactures products from S and T from a joint process. The sales value at split of was P 50,000 for 6,000 units of Product S and P 25,000 for 2,000 units of Product T. Assuming that portion of the total joint costs properly allocated to Product S using the relative sales value at split off approach was P 30,000, what were the total joint costs? P 40,000 P 42,500 P 45,000 P 60,000 "The correct answer for this problem is 45,000 but I don't how to solve it"
Beta Company manufactures Products Tama and Mali from a joint process. The sales value at split-off point was P36,000 for 6,000 units of Product Tama and P24,000 for 2,000 units of Product Mali. Assuming that the portion of the total joint cost properly allocated to product Tama using the sales value at split-off point method was P30,000, what is the total joint cost? a. P40,000 b. P50,000 c. P60,000 d. P90,000
Please show me your solution so I can review mine. Thank you! 1. The XYZ Company manufactures products C and R from a joint process. The total joint costs are P60,000. The sales value at split-off was P75,000 for 8,000 units of product C and P25,000 for 2,000 units of product R. Assuming the total joint costs are allocated using the relative sales value at split-off approach, what were the joint costs allocated to product C?________________ 2. BZD Company manufactures products A and B from a joint process which also yields a by- product, X. BZD accounts for the revenues from its by-product sales as a deduction from the cost of goods sold of its main products. Additional information is as follows: A B X TOTAL Units produced 15,000 9,000 6,000 30,000 Joint costs ? ? ? P264,000 Sales value at split-off P290,000 P150,000 P 10,000 P450,000 Assuming that joint product costs are allocated using the relative sales value at split-off…
Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are $169,000. The sales value at split- off was $175,680 for 8.800 units of Kappa and $63,280 for 13,200 units of Lambda. Required: a. What joint costs are allocated to the two products using the net realizable value at split-off approach? Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts. b. What joint costs are allocated to the two products using the physical quantities method? Note: Do not round intermediate calculations. a. Net realizable value method b. Physical quantities method Kappa Lambda
Please show me your solution so I can check mine. Thanks! ANC Inc. manufactures products S and T from a joint process. The sales value at split-off was P50,000 for 6,000 units of product S and P25,000 for 2,000 units of product T. Assuming that portion of the total joint costs properly allocated to product S using the relative sale value at split-off approach was P30,000, what were the total joint costs?
BSBA Company produced joint products M, Nand O from same raw materials with total joint costs P35,.000. Other data are as follows: Quantity Produced in units (1.500: 2,500: 1,000); Unit Market value at split-off (Pó: P10; P8): Final unit selling price (P10, P12, P15): Additional costs after split off (P3.000; P2.000; P5.000): Quantity Sold (1.200: 2.000: 800). Using the physical output method, what is the unit cost of Product N?* P7.80 P 7.80 P7.00 O P9.00 O P12.00
Vicerelandu, Inc. manufactures X, Y, and Z from a joint process. Joint product costs were P60,000. Additional information are as follows:(see pic) 1. Assuming that joint costs are allocated using the physical measures (units produced) approach, what were the total costs allocated to product X ________________________ Y ______________________ Z ______________________2. Assuming that joint product costs are allocated using the relative sales value at split-off approach, what were the total costs allocated to product X_________________________ y ______________________ Z ______________________
BSBA Company produced joint products M, Nand O from same raw materials with total joint costs P35,000. Other data are as follows: Quantity Produced in units (1.500: 2,500; 1,000); Unit Market value at split-off (P6: P10: P8): Final unit selling price (P10, P12. P15): Additional costs after split off (P3,000: P2.000: P5.000): Ouantity Sold (1.200: 2.000: 800). Using the average unit cost method, what is the unit cost of Product M? O P9.00 P12.00 P7.80 O P7.00 ESBA Company produced joint products M, Nand O from same raw materials with total joint costs P35,000. Other data are as follows: Quantity Produced in units (1.500: 2,500: 1.000); Unit Market value at split-off (P6; P10; P8); Final unit selling price (P10, P12, P15): Additional costs after split off (P3.000; P2.000: P5.000): Quantity Sold (1.200: 2.000: 800). Using the physical output method, what is the unit cost of Product N?* O P7.80 P7.00 P 9.00 P12.00
Tonic Company manufactures products X and Y from a joint process. The market value at split-off was P50,000 for 6,000 units of product X and P50,000 for 2,000 units of product Y. Assuming that the portion of the total joint cost properly allocated to product X using the market value method was P30,000; the total joint cost was: A. 45,000 b. 60,000 c. 75,000
LOL company uses the weighted average method to assign joint costs. Weight factors used to assign joint costs to its three joint products were: Product A, 4 points; Product B, 7 points; and Product C, 8 points. Units produced were Product A, 10,000; Product B, 5,000 and Product C, 3,125. Joint costs amounted to P100,000. How much would be allocated to Product A?
ABC Company produces joint products X and Y, each of which incurs separable production costs after the split-off point. Information concerning a batch produced at a joint cost of $160,000 before split-off follows: Product X Y Total Separable costs $ 14,000 25,000 $ 39,000 Sales value $ 68,000 61,000 $ 129,000 What is the joint cost assigned to product line X if costs are assigned using relative net realizable value? a. $160,000 b. $64,000 C. $90,000 d. $96,000
ACE Company makes two products A and B. They are initially processed from the same materials and then after split off, further processed separately. Additional information is as follows: A B TOTAL Final sales value Sales value at split off Cost beyond split off Joint cost prior to split off 81,000 66,000 18,000 99,000 94,000 22,000 180,000 160,000 40,000 30,000 Answer the following: 1. Compute the joint cost assigned to A and B using the Actual Net Realizable Value approach. 2. Compute the joint cost assigned to A and B using the Approximated Net Realizable Value approach.