Justine Michelle Company manufactures three products. The total joint cost associated with these products is P52,500. Product number one is not marketable at split-off. However, additional processing costing.P15,000 will yield a product salable at P30 per unit. Product number two can be sold for P15 per unit at split-off, but management prefers to utilize available space in performing an additional process at a cost of P 18,000 which increases the price of the final product to P40. Product number three is usually sold at split-off at P50 per unit. For the year, 2,900 output units were produced. Product number one's production exceeded product number two's by three hundred, while product number three's production exceeded product number one's by two hundred. 10. The joint cost allocated to product number one is: P 6,522 / b. a. Р 9,211 P 16,580 d. с. P 18,103

Justine Michelle Company manufactures three products. The total joint cost associated with these products is P52,500. Product number one is not marketable at split-off. However, additional processing costing.P15,000 will yield a product salable at P30 per unit. Product number two can be sold for P15 per unit at split-off, but management prefers to utilize available space in performing an additional process at a cost of P 18,000 which increases the price of the final product to P40. Product number three is usually sold at split-off at P50 per unit. For the year, 2,900 output units were produced. Product number one's production exceeded product number two's by three hundred, while product number three's production exceeded product number one's by two hundred. 10. The joint cost allocated to product number one is: P 6,522 / b. a. Р 9,211 P 16,580 d. с. P 18,103

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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