Compute fór the jóint čóst állóčátéd tó Reta. Land Company produces joint products Jana and Reta, together with by-product Bynd, Jana is sold at split-off, but Reta and Bynd undergo additional processing. Production data pertaining to these protacts follow: Jana Reta Bynd Total Joint costs: Variable Fixed P88,000 148,000 Separable costs: Variable Fixed Profit Production (Ibs.) 50,000 Sales price/lbs. P120,000 P3,000 123,000 1,000 1,000 10,000 100,000 P 1.10 90,000 92,000 40,000 P 7.50 P 4.00 There is no beginning or ending inventories. No materials are spoiled in production.
Compute fór the jóint čóst állóčátéd tó Reta. Land Company produces joint products Jana and Reta, together with by-product Bynd, Jana is sold at split-off, but Reta and Bynd undergo additional processing. Production data pertaining to these protacts follow: Jana Reta Bynd Total Joint costs: Variable Fixed P88,000 148,000 Separable costs: Variable Fixed Profit Production (Ibs.) 50,000 Sales price/lbs. P120,000 P3,000 123,000 1,000 1,000 10,000 100,000 P 1.10 90,000 92,000 40,000 P 7.50 P 4.00 There is no beginning or ending inventories. No materials are spoiled in production.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Compute for the joint cost allocated to
Reta.
Land Company produces joint products Jana and
Reta, together with by-product Bynd, Jana is sold at
split-off, but Reta and Bynd undergo additional
processing. Production data pertaining to these
profacts follow:
Jana
Reta
Bynd
Total
Joint costs:
Variable
Fixed
Separable costs:
Variable
Fixed
Profit
P88,000
148,000
P120,000 P3,000 123,000
90,000
92,000
1,000
1,000
40,000 10,000
P 1.10
There is no beginning or ending inventories.
Production (lbs.) 50,000
Sales price/lbs.
100,000
P 4.00
P 7.50
No
materials are spoiled in production.
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