Please answer in good accounting form. Thank you! <3 Compute for the joint cost allocated toReta.Land Company produces joint products Jana andReta, together with by-product Bynd, Jana is sold atsplit-off, but Reta and Bynd undergo additionalprocessing. Production data pertaining to theseprofacts follow:JanaRetaByndTotalJoint costs:VariableFixedSeparable costs:VariableFixedProfitP88,000148,000P120,000 P3,000 123,00090,00092,0001,0001,00040,000 10,000P 1.10There is no beginning or ending inventories.Production (lbs.) 50,000Sales price/lbs.100,000P 4.00P 7.50Nomaterials are spoiled in production.

Joint costs are those costs that are incurred for production of two or more than two products…

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.

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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