Justine Michelle Company makes two products, A and B. They are initially processed from the same materials and then, after split-off, further processed separately. Additional information is as follows: A B Total Final sales value P9,000 ? Р6,000 P15,000 6,600 6,000 15. Using the net realizable value approach, compute the assigned joint cost of A and Joint cost prior to split-off Cost beyond split-off ? 3,000 3,000 B respectively a. P3,300 and P3,300 b. P3,960 and P2,640 c. P4,400 and P2,200 d. P4,560 and P2,040
Justine Michelle Company makes two products, A and B. They are initially processed from the same materials and then, after split-off, further processed separately. Additional information is as follows: A B Total Final sales value P9,000 ? Р6,000 P15,000 6,600 6,000 15. Using the net realizable value approach, compute the assigned joint cost of A and Joint cost prior to split-off Cost beyond split-off ? 3,000 3,000 B respectively a. P3,300 and P3,300 b. P3,960 and P2,640 c. P4,400 and P2,200 d. P4,560 and P2,040
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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#15
![Justine Michelle Company makes two products, A and B. They are initially processed
from the same materials and then, after split-off, further processed separately.
Additional information is as follows:
А
Total
Final sales value
Joint cost prior to split-off
Cost beyond split-off
P9,000
?
P6,000
P15,000
6,600
6,000
15. Using the net realizable value approach, compute the assigned joint cost of A and
3,000
3,000
B respectively
а. Р3,300 and P3,300
b. P3,960 and P2,640
c. P4,400 and P2,200
d. P4,560 and P2,040](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4b6f74a2-ed6d-4aa0-ac9c-b1258cd60092%2Fdc3d66e5-2ef4-4e5b-949f-01c68fec0c9e%2Fg84t1dd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Justine Michelle Company makes two products, A and B. They are initially processed
from the same materials and then, after split-off, further processed separately.
Additional information is as follows:
А
Total
Final sales value
Joint cost prior to split-off
Cost beyond split-off
P9,000
?
P6,000
P15,000
6,600
6,000
15. Using the net realizable value approach, compute the assigned joint cost of A and
3,000
3,000
B respectively
а. Р3,300 and P3,300
b. P3,960 and P2,640
c. P4,400 and P2,200
d. P4,560 and P2,040
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