17. Sergian, Inc. makes two products, Cothing and Cosmetics, from a joint operating process. For the month of August 2019, the total joint costs of processing was P120,000 and the costs of further processing after the point of split-off, as well as other relevant data are shown below: Clothing 1,600 Cosmetics Units after split-off Sales price per unit Further processing costs 800 P200 P400 P100,000 P140,000 The company uses the net realizable value method for allocating the joint costs of processing. For the month of August 2019, the joint cost allocated to product Clothing was: a. P60,000 b. P66,000 c. P72,000 d. P80,000

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Q: Examples of transaction costs

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Q: cost

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Q: Define the term process-costing system.

A:

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.