COMBI Inc. manufactures three joint products. The following production data were provided by COMBI Inc. for the current period: (a) Product Name: Xen, units produced: 1,000, Additional Processing Cost After Split Off: Php 20,000.00, Final Selling Price: Php 50.00 (b) Product Name: Yen, unit produced: 2,000, Additional Processing Cost after Split off: Php 10,000.00, Final Selling Price : Php 10.00 (c) Product Name: Zen, Units Produced: 3,000, additional processing cost after Split off:30,000, Final Selling Price: Php 30.00. Joint Product costs for the current period were as follows: Raw Materials Php 10,000.00, Direct Labor Php 15,000.00, Factory overhead Php 25,000.00. The company uses the net realizable value method for allocating joint cost. 1.What is the Gross Profit/(Loss) on the sale of all Xen products? 2.What is the total gross profit/(loss) on the sale of all the joint products?
COMBI Inc. manufactures three joint products. The following production data were provided by COMBI Inc. for the current period: (a) Product Name: Xen, units produced: 1,000, Additional
1.What is the Gross
2.What is the total gross profit/(loss) on the sale of all the joint products?
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