Donna Corporation manufactures products (Bud, Cud, and Dud) from a joint process The total costs for January is P250,000. Other information for January show: Quantity Processing cost after SO Ultimate sales value Bud 3,000 P50,000 150,000 (2) P150,000 (2) P175,000 (2) P200,000 (2) P200,000 Cud 4,000 P75,000 275,000 19. What is the total production cost for (1) Bud, (2) Cud, and (3) Dud using the market value method? a. (1) P100,000 b. (1) P125,000 c. (1) P137,500 d. (1) P112,500 (3) P250,000 (3) P200,000 (3) P225,000 (3) P187,500 Dud 3,000 P125,000 225,000
Donna Corporation manufactures products (Bud, Cud, and Dud) from a joint process The total costs for January is P250,000. Other information for January show: Quantity Processing cost after SO Ultimate sales value Bud 3,000 P50,000 150,000 (2) P150,000 (2) P175,000 (2) P200,000 (2) P200,000 Cud 4,000 P75,000 275,000 19. What is the total production cost for (1) Bud, (2) Cud, and (3) Dud using the market value method? a. (1) P100,000 b. (1) P125,000 c. (1) P137,500 d. (1) P112,500 (3) P250,000 (3) P200,000 (3) P225,000 (3) P187,500 Dud 3,000 P125,000 225,000
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 39E: Cost Classification Loring Company incurred the following costs last year: Required: 1. Classify...
Related questions
Question
100%
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step 1: Introduce to Joint cost and market value at Split off point
VIEWStep 2: Working for market value at split off point
VIEWStep 3: Working for proportion of market value at split off point
VIEWStep 4: Working for allocation of joint cost
VIEWStep 5: Working for total production costs
VIEWSolution
VIEWStep by step
Solved in 6 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,