20. Kenneth Company manufactures product X and Y from a joint process that also yields a by- product, Z. Revenue from sales of Z is treated as a reduction of joint costs. Additional infomation is as follows: PR DU Total Y Units produced Joint costs Sales value at split-off Joint cost are allocated using the sales value at split-off method. The joint costs allocated to product X 20,000 20,000 10,000 50,000 P262,000 ? P30,000 150,000 10,000 460,000 were a. 75,000 b. 100,000 c. 150,000 d. 168,000
20. Kenneth Company manufactures product X and Y from a joint process that also yields a by- product, Z. Revenue from sales of Z is treated as a reduction of joint costs. Additional infomation is as follows: PR DU Total Y Units produced Joint costs Sales value at split-off Joint cost are allocated using the sales value at split-off method. The joint costs allocated to product X 20,000 20,000 10,000 50,000 P262,000 ? P30,000 150,000 10,000 460,000 were a. 75,000 b. 100,000 c. 150,000 d. 168,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![20. Kenneth Company manufactures product X and Y from a joint process that also yields a by-
product, Z. Revenue from sales of Z is treated as a reduction of joint costs. Additional infomation is as
follows:
PR
D
U
Total
Y
Units produced
Joint costs
20,000
20,000
10,000
50,000
?
?
P262,000
P30,000
10,000
Sales value at split-off
Joint cost are allocated using the sales value at split-off method. The joint costs allocated to product X
150,000
460,000
were
a. 75,000
b. 100,000
c. 150,000
d. 168,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fba442755-29a0-4e96-8df5-65583f2a6301%2F6c0b75f8-6047-4e83-9270-defe4cfae01a%2F3j09ft_processed.jpeg&w=3840&q=75)
Transcribed Image Text:20. Kenneth Company manufactures product X and Y from a joint process that also yields a by-
product, Z. Revenue from sales of Z is treated as a reduction of joint costs. Additional infomation is as
follows:
PR
D
U
Total
Y
Units produced
Joint costs
20,000
20,000
10,000
50,000
?
?
P262,000
P30,000
10,000
Sales value at split-off
Joint cost are allocated using the sales value at split-off method. The joint costs allocated to product X
150,000
460,000
were
a. 75,000
b. 100,000
c. 150,000
d. 168,000
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