Assuming that joint product costs are allocated using
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject: Cost Accounting
#16
Transcribed Image Text:15. Gdyan, Inc. which manufactures products X,Y and Z from a joint process. Joint product cost were
P60,000. Additional information is provided below:
If Processed Further
Additional
Product
Units
Sales
Produced
Value at
Sales
Split-Off
P40,000
35,000
Values Costs
P55,000
45,000
30,000
Assuming that joint product costs are allocated using the physical measures (units produced)
6,000
4,000
2,000
P9,000
7,000
5,000
Y
z
25,000
approach, what were the total cost allocated to product X?
a. P27,000
b. Р29,000
с. Р3З,000
d. P39,000
16. Using the same information in No. 15, and assuming the joint product costs are allocated using the
relative sales value at split-off approach, what were the total costs allocated to product Y?
а. Р27,000
Ь Р28,000
с. Р28,350
d. Р32,200
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