Happy Corp. manufactures Products A, B, C, and D from a joint process. Additional information is as follows: Market If Processed Further Units Value at Additional Market Product Produced Split-Off Costs Value A 6,000 Php 80,000 Php 7,500 Php 90,000 B 5,000 60,000 6,000 70,000 C 4,000 40,000 4,000 50,000 D 3,000 20,000 2,500 30,000 18,000 Php 200,000 Php 20,000 Php 240,000 Assuming that total joint costs of Php160,000 were allocated using the market value at split-off approach, what joint costs were allocated to each product?
Happy Corp. manufactures Products A, B, C, and D from a joint process. Additional information is as follows: Market If Processed Further Units Value at Additional Market Product Produced Split-Off Costs Value A 6,000 Php 80,000 Php 7,500 Php 90,000 B 5,000 60,000 6,000 70,000 C 4,000 40,000 4,000 50,000 D 3,000 20,000 2,500 30,000 18,000 Php 200,000 Php 20,000 Php 240,000 Assuming that total joint costs of Php160,000 were allocated using the market value at split-off approach, what joint costs were allocated to each product?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Happy Corp. manufactures Products A, B, C, and D from a joint process. Additional information is as follows:
Market If Processed Further
Units Value at Additional Market
Product Produced Split-Off Costs Value
A 6,000 Php 80,000 Php 7,500 Php 90,000
B 5,000 60,000 6,000 70,000
C 4,000 40,000 4,000 50,000
D 3,000 20,000 2,500 30,000 18,000 Php 200,000 Php 20,000 Php 240,000
Assuming that total joint costs of Php160,000 were allocated using the market value at split-off approach, what joint costs were allocated to each product?
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