BSBA Company produced joint products M, Nand O from same rawmaterials with total joint costs P35,000. Other data are as follows:Quantity Produced in units (1.500: 2,500; 1,000); Unit Market value atsplit-off (P6: P10: P8): Final unit selling price (P10, P12. P15): Additionalcosts after split off (P3,000: P2.000: P5.000): Ouantity Sold (1.200: 2.000:800). Using the average unit cost method, what is the unit cost of ProductM?O P9.00P12.00P7.80O P7.00ESBA Company produced joint products M, Nand O from same rawmaterials with total joint costs P35,000. Other data are as follows:Quantity Produced in units (1.500: 2,500: 1.000); Unit Market value atsplit-off (P6; P10; P8); Final unit selling price (P10, P12, P15): Additionalcosts after split off (P3.000; P2.000: P5.000): Quantity Sold (1.200: 2.000:800). Using the physical output method, what is the unit cost of ProductN?*O P7.80P7.00P 9.00P12.00

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BSBA Company produced joint products M. N and O from same raw materials with total joint costs P35,000. Other data are as follows: Quantity Produced in units (1.500: 2.500: 1,000): Unit Market value at split-off (P6: P10: P8): Final unit selling price (P10, P12. P15): Additional costs after split off (P3,000: P2.000: P5.000): Quantity Sold (1.200: 2.000: 800). Using the average unit cost method, what is the unit cost of Product M? O P.00 O P12.00 O P7.80 O P7.00

BSBA Company produced joint products M. N and O from same raw materials with total joint costs P35,000. Other data are as follows: Quantity Produced in units (1.500: 2.500: 1,000): Unit Market value at split-off (P6: P10: P8): Final unit selling price (P10, P12. P15): Additional costs after split off (P3,000: P2.000: P5.000): Quantity Sold (1.200: 2.000: 800). Using the average unit cost method, what is the unit cost of Product M? O P.00 O P12.00 O P7.80 O P7.00

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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Atkinson, Inc., manufactures products A, B, and C from a common process. Joint costs were $65,400. Additional information is as follows: If Processed Further Product UnitsProduced Sales Value at Split-Off Sales Value Additional Costs A 9,000 $ 58,000 $ 80,500 $ 6,000 B 4,900 42,875 55,125 7,350 C 2,450 29,400 36,750 9,800 16,350 $ 130,275 $ 172,375 $ 23,150 Assuming that joint production costs are allocated using the physical quantities method (units produced), what were the costs allocated to Product A? Multiple Choice $36,000. $39,000. $35,000. $33,000.
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, 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: P210,00O; 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 entity uses average unit costs method in joint products and the reversal costs method in by products, what is the total unit cost of Product B?* P10.42 P10.49 P10.92 P11.00
Steven Company has fixed costs of $443,940. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products are provided below. Product Selling Priceper unit Variable Cost per unit Contribution Marginper unit X $1,216 $456 $760 Y 710 380 330 The sales mix for products X and Y is 60% and 40% respectively. Determine the break-even point in units of X and Y combined. Round answer to nearest whole number.fill in the blank 1units
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Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 60,000 $19,200,000 69,000 20,010,000 90,000 24,090,000 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) $fill in the blank 1 per unit Total fixed cost $fill in the blank 2 b. Based on part (a), estimate the total cost for 86,000 units of production. Total cost for 86,000 units $fill in the blank 3
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Atkinson, Inc., manufactures products A, B, and C from a common process. Joint costs were $154,680. Additional information is as follows: If Processed Further Product UnitsProduced Sales Value at Split-Off Sales Value Additional Costs A 7,110 $ 46,660 $ 64,435 $ 4,740 B 8,150 70,905 91,280 12,225 C 4,075 48,900 61,125 16,300 19,335 $ 166,465 $ 216,840 $ 33,265 Assuming that joint product costs are allocated using the net realizable value method, what were the total costs assigned to Product B? Multiple Choice $78,110. $77,906. $77,110. $79,396.
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Please show me your solution so I can check mine. Thanks! ANC Inc. manufactures products S and T from a joint process. The sales value at split-off was P50,000 for 6,000 units of product S and P25,000 for 2,000 units of product T. Assuming that portion of the total joint costs properly allocated to product S using the relative sale value at split-off approach was P30,000, what were the total joint costs?