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200,000 to product X, Y and Z based on the information using the four different method of allocation: PRODUCTS Y P 20 Selling price per unit Units of production Veight per unit (in lbs.) X P 22 25,000 8 15,000 10 Z P8 10,000 7

200,000 to product X, Y and Z based on the information using the four different method of allocation: PRODUCTS Y P 20 Selling price per unit Units of production Veight per unit (in lbs.) X P 22 25,000 8 15,000 10 Z P8 10,000 7

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Allocate the joint cost of P 200,000 to product X, Y and Z based on the following information using the four different method of allocation: PRODUCTS Y P 20 15,000 10 Selling price per unit Units of production Weight per unit (in lbs.) No: of points per unit X P 22 25,000 8 9 Required: Allocate the joint cost based in the following method. 1. Market (relative sales) value method 2. Quantitative or physical unit method 3. Average unit cost 4. Predetermined standard or index of production Z P8 10,000 7 5
Transcribed Image Text:Allocate the joint cost of P 200,000 to product X, Y and Z based on the following information using the four different method of allocation: PRODUCTS Y P 20 15,000 10 Selling price per unit Units of production Weight per unit (in lbs.) No: of points per unit X P 22 25,000 8 9 Required: Allocate the joint cost based in the following method. 1. Market (relative sales) value method 2. Quantitative or physical unit method 3. Average unit cost 4. Predetermined standard or index of production Z P8 10,000 7 5
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