Breaking Bad Company produces four chemicals from the same process: M1, M2, M3, and M4. Joint product costs are P9,000- (Round all answers to the nearest peso.) Sales price per Disposal cost per barrel at split-off barrel at split-off Barrels Further Final sales price processing cost per barrel M1 750 P10.00 P6.50 P2.00 P13.50 M2 1,000 8.00 4.00 2.50 10.00 M3 1,400 11.00 7.00 4.00 15.50 M4 2,000 15.00 9.50 4.50 19.50 If the company sells the products after processing, the following disposal costs will be incurred: M1, P2.50; M2, P1.00; M3, Р3.50; М4, Рб.00. Using net realizable value at split-off, what amount of joint processing cost is allocated to Product M3? O P1,017 O P2.170 O P1.550 O P4,263

Breaking Bad Company produces four chemicals from the same process: M1, M2, M3, and M4. Joint product costs are P9,000- (Round all answers to the nearest peso.) Sales price per Disposal cost per barrel at split-off barrel at split-off Barrels Further Final sales price processing cost per barrel M1 750 P10.00 P6.50 P2.00 P13.50 M2 1,000 8.00 4.00 2.50 10.00 M3 1,400 11.00 7.00 4.00 15.50 M4 2,000 15.00 9.50 4.50 19.50 If the company sells the products after processing, the following disposal costs will be incurred: M1, P2.50; M2, P1.00; M3, Р3.50; М4, Рб.00. Using net realizable value at split-off, what amount of joint processing cost is allocated to Product M3? O P1,017 O P2.170 O P1.550 O P4,263

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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