a int process, Joint 1. Mabait Inc., Manufactures products X, product cost were P120,000 Additional information is provided below: If processed Further Units Value at Sales Additional Product Produced Split-Off Values Cost 12,000 P80,000 P110,000 P18,000 P 90,000 P 60,000 Y 8,000 P70,000 P14,000 4,000 P50,000 P10,000 Assuming that joint product cost are allocated using the physical measure (units produced) approach, what were the total cost allocated to product X? a. P54,000 b. P58,000 с. Рб6,000 d. P78,000

Q: Understand costclassifications used in makingdecisions: differential costs,opportunity costs, and…

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: Distinguish between the following set of terms: Direct product costs and indirect product…

A: Product Cost - Product Cost is the cost incurred by the organization for the product of the entity.…

Q: Of the various methods used to allocate joint costs, which makes the most sense to you?

A: In accounting a joint cost is referred to as that cost that is related to more than one product.…

Q: Distinguish between two methods of allocating common costs.

A: Cost Allocation Method: The cost allocation method is the method by which the costs to be assigned…

Q: Explain why standard costing is more suitable for controlling the cost of unit-level activities

A: Standard costing is a cost accounting method in which predetermined levels of sales, production,…

Q: Describe the term direct costing.

A: Direct costing: It is the method wherein, the variable manufacturing costs are allocated to…

Q: How are joint costs allocated? Explain and analyze using numerical example.

A: Joint Costs In business different costs are incurred in the production process, but in certain…

Q: Define the following terms: joint production process, joint costs, joint products, split-off point,…

A: Joint production process: A joint production process results in two or more products, called as…

Q: Distinguish between indirect costs and direct costs.

A: Direct Costs and Indirect Costs are two important costs. Direct costs are those costs which are…

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A: • Single Employees:• L. Torabi, No Dependents, Annual Salary: $42500• R. Beninati, One Dependent,…

Q: Explain unit product cost under absorption costing.

A: Absorption costing (also known as the “Cost-Plus” approach), is a method that is centered upon the…

Q: explain the difference between target costing, skimming costing, and penetration costing

A: Pricing decisions is one of the most important and required decision for the management. Pricing…

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.