Owen Company produces four products, which have a manufacturing cosy ofP217,000 at the split-off point. Data pertaining to these products are as follows:obProductMarket valueg At split-offUnits producedWeight factor3.0AP4.00Ioleyiq 20,000bod 32,00036,00024,0001.755.5C3.05.02.756.0Required: Allocate the joint cost using1. Market Value Method2. Average units cost method3. Weighted average method

Given that, manufacturing costs = 217000

Company produces four products, which have a manufacturing cosy of P217,000 at the split-off point. Data pertaining to these products are as follows: Product Market value Units produced 20,000 od32,000 36,000 24,000 At split-off P4.00 Weight factor 3.0 1.75 5.5 3.0 5.0 2.75 6.0 Required: Allocate the joint cost using 1. Market Value Method 2. Average units cost method 3. Weighted average method ABCD

Company produces four products, which have a manufacturing cosy of P217,000 at the split-off point. Data pertaining to these products are as follows: Product Market value Units produced 20,000 od32,000 36,000 24,000 At split-off P4.00 Weight factor 3.0 1.75 5.5 3.0 5.0 2.75 6.0 Required: Allocate the joint cost using 1. Market Value Method 2. Average units cost method 3. Weighted average method ABCD

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Question

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Owen Company produces four products, which have a manufacturing cosy of
P217,000 at the split-off point. Data pertaining to these products are as follows:
ob
Product
Market value
g At split-off
Units produced
Weight factor
3.0
A
P4.00
Ioleyiq 20,000
bod 32,000
36,000
24,000
1.75
5.5
C
3.0
5.0
2.75
6.0
Required: Allocate the joint cost using
1. Market Value Method
2. Average units cost method
3. Weighted average method

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