Elvie Company produces four solvents from the same process: A, B, C, and D. Joint product costs are P45,000. (Round all answers to the nearest peso.) If Elvie sells the products after further processing, the following disposal costs will be incurred: A, P7.50; B, P3.00; C, P10.50; D, P18.00. Using a physical measurement method, what amount of joint processing cost is allocated to Product B? * Sales price per barrel At split-off Disposal cost per barrel at split-off Further Final sales Barrels processing price per barrel costs P30.00 24.00 33.00 2,250 P19.50 P6.00 P40.50 B. 3,000 12.00 7.50 30.00 21.00 28.50 4,200 12.00 46.50 D. 6,000 45.00 13.50 58.50 a. P17,475 b. P 6,555 c. P 8,738 d. P12,235
Elvie Company produces four solvents from the same process: A, B, C, and D. Joint product costs are P45,000. (Round all answers to the nearest peso.) If Elvie sells the products after further processing, the following disposal costs will be incurred: A, P7.50; B, P3.00; C, P10.50; D, P18.00. Using a physical measurement method, what amount of joint processing cost is allocated to Product B? * Sales price per barrel At split-off Disposal cost per barrel at split-off Further Final sales Barrels processing price per barrel costs P30.00 24.00 33.00 2,250 P19.50 P6.00 P40.50 B. 3,000 12.00 7.50 30.00 21.00 28.50 4,200 12.00 46.50 D. 6,000 45.00 13.50 58.50 a. P17,475 b. P 6,555 c. P 8,738 d. P12,235
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
100%
Continuation:
Using sales value at split-off, what amount of joint
a. P22,165
b. P 5,910
c. P11,380
d. P 5,542
Using net realizable value at split-off, what amount of joint processing cost is allocated to Product C? *
a. P10,850
b. P 5,085
c. P 7,750
d. P21,315
Transcribed Image Text:Elvie Company produces four
solvents from the same process: A,
B, C, and D. Joint product costs are
P45,000. (Round all answers to the
nearest peso.) If Elvie sells the
products after further processing,
the following disposal costs will be
incurred: A, P7.50; B, P3.00; C,
P10.50; D, P18.00. Using a physical
measurement method, what
amount of joint processing cost is
allocated to Product B? *
Sales price
per barrel
At split-off
Disposal cost
per barrel
at split-off
Further
Final sales
Barrels
processing
price per barrel
costs
2,250
3,000
P40.50
30.00
P30.00
P19.50
P6.00
24.00
12.00
7.50
21.00
28.50
4,200
33.00
12.00
46.50
6.000
45.00
13.50
58.50
a. P17,475
b. P 6,555
c. P 8,738
d. P12,235
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