8. Big Time Inc. manufactures products X, Y, Z from a joint process. Joint product costs w P60,000. Additional information is as follows: Sales Value and additional Costs if processed further Fixed Sales Values P 49,000 42,000 30,000 Units Produced Additional Costs P 9,000 7,000 5,000 Products 6,000 Y 4,000 2,000 REQUIRED: What is the total costs allocated to product X? Physical Measure P 30,000 P 29,000 P 30,000 Relative Sales Values а. P 28,000 b. P 27,000 P 21,000 с.
8. Big Time Inc. manufactures products X, Y, Z from a joint process. Joint product costs w P60,000. Additional information is as follows: Sales Value and additional Costs if processed further Fixed Sales Values P 49,000 42,000 30,000 Units Produced Additional Costs P 9,000 7,000 5,000 Products 6,000 Y 4,000 2,000 REQUIRED: What is the total costs allocated to product X? Physical Measure P 30,000 P 29,000 P 30,000 Relative Sales Values а. P 28,000 b. P 27,000 P 21,000 с.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:8. Big Time Inc. manufactures products X, Y, Z from a joint process. Joint product costs were
P60,000. Additional information is as follows:
Sales Value and additional
Costs if processed further
Fixed Sales Values
P 49,000
Products
Units Produced
Additional Costs
6,000
P 9,000
7,000
5,000
Y
4,000
2,000
42,000
30,000
REQUIRED: What is the total costs allocated to product X?
Physical Measure
P 30,000
P 29,000
P 30,000
P 39,000
Relative Sales Values
P 28,000
P 27,000
P 21,000
P 33,000
а.
b.
c.
d.
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