BSBA Company produced two joint products A and B. and by-products C and D from the same raw materials with joint costs P200,000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced (20.000: 30.000: 5,000 and 5,000); Unit sold (18.000: 25.000: 5.000 and 5,000): Final unit selling prices (P25.00: P20.00: P2.00 and P1.50); Further processing costs (P150,000; P210.000: P5.000 and P4.000); Selling and Administrative expenses (P15,000; P21.000; P500 and P400); Desired profit on Cand D (P2.000 and P1,500). If the by-products are presented as other income. what is the total amount of net sales and cost of goods sold, respectively? P950,000 and P475411 P950,000 and P483,011 P957,600 and P475,411 P957,600 and P483,011 ESBA Company produced two joint products A and B, and by-products C and D from the same raw materials with joint costs P200.000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced (20.000: 30.000: 5.000 and 5.000): Unit sold (18,000; 25,000: 5,000 and 5.000): Final unit selling prices (P25.00; P20.00; P2.00 and P1.50): Further processing costs (P150.000; P210.000; P5.000 and P4,000); Selling and Administrative expenses (P15.000; P21.000; P500 and P400); Desired profit on C and D (P2.000 and P1.500). If the joint costs are allocated to by-products using the net realizable value, what is the total profit from by products? P1.500 P3.235 P3,500 P5,464
BSBA Company produced two joint products A and B. and by-products C and D from the same raw materials with joint costs P200,000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced (20.000: 30.000: 5,000 and 5,000); Unit sold (18.000: 25.000: 5.000 and 5,000): Final unit selling prices (P25.00: P20.00: P2.00 and P1.50); Further processing costs (P150,000; P210.000: P5.000 and P4.000); Selling and Administrative expenses (P15,000; P21.000; P500 and P400); Desired profit on Cand D (P2.000 and P1,500). If the by-products are presented as other income. what is the total amount of net sales and cost of goods sold, respectively? P950,000 and P475411 P950,000 and P483,011 P957,600 and P475,411 P957,600 and P483,011 ESBA Company produced two joint products A and B, and by-products C and D from the same raw materials with joint costs P200.000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced (20.000: 30.000: 5.000 and 5.000): Unit sold (18,000; 25,000: 5,000 and 5.000): Final unit selling prices (P25.00; P20.00; P2.00 and P1.50): Further processing costs (P150.000; P210.000; P5.000 and P4,000); Selling and Administrative expenses (P15.000; P21.000; P500 and P400); Desired profit on C and D (P2.000 and P1.500). If the joint costs are allocated to by-products using the net realizable value, what is the total profit from by products? P1.500 P3.235 P3,500 P5,464
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:BSBA Company produced two joint products A and B. and by-products C
and D from the same raw materials with joint costs P200,000. The entity
uses net realizable value in allocating joint costs to joint products. Other
information are as follows: Units produced (20.000: 30.000: 5,000 and
5,000); Unit sold (18.000: 25.000: 5.000 and 5,000): Final unit selling
prices (P25.00: P20.00: P2.00 and P1.50); Further processing costs
(P150,000; P210.000: P5.000 and P4.000); Selling and Administrative
expenses (P15,000; P21.000; P500 and P400); Desired profit on Cand D
(P2.000 and P1,500). If the by-products are presented as other income.
what is the total amount of net sales and cost of goods sold, respectively?
P950,000 and P475411
P950,000 and P483,011
P957,600 and P475,411
P957,600 and P483,011
ESBA Company produced two joint products A and B, and by-products C
and D from the same raw materials with joint costs P200.000. The entity
uses net realizable value in allocating joint costs to joint products. Other
information are as follows: Units produced (20.000: 30.000: 5.000 and
5.000): Unit sold (18,000; 25,000: 5,000 and 5.000): Final unit selling
prices (P25.00; P20.00; P2.00 and P1.50): Further processing costs
(P150.000; P210.000; P5.000 and P4,000); Selling and Administrative
expenses (P15.000; P21.000; P500 and P400); Desired profit on C and D
(P2.000 and P1.500). If the joint costs are allocated to by-products using
the net realizable value, what is the total profit from by products?
P1.500
P3.235
P3,500
P5,464
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 6 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education