BSBA Company produced two joint products A and B, and by-products Cand D from the same raw materials with joint costs P200,000, Otherinformation are as follows: Units produced (20.000; 30,000; 5.000 and5.000): Unit sold (18.000; 25,000: 5,000 and 5.000): Final unit sellingprices (P25.00: P20.00; P2.00 and P1.50): Further processing costs(P150,000: P210,00O; P5,000 and P4,000): Selling and Administrativeexpenses (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 jointproducts and the reversal costs method in by products, what is the totalunit cost of Product B?*P10.42P10.49P10.92P11.00

Name: BSBA Company produced two joint products A and B, and by-products Can
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Description: BSBA Company produced two joint products A and B, and by-products Cand D from the same raw materials with joint costs P200,000, Otherinformation are as follows: Units produced (20.000; 30,000; 5.000 and5.000): Unit sold (18.000; 25,000: 5,000 and 5.

Here the entity uses the reversal cost method for calculating the cost of by-products. Under this…

Business

Accounting

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; P210,000; 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 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

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; P210,000; 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 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

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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