Kapangan Inc, manufactures products R, S and T from a joint process. Additional information follows: R ТOTAL Units 8,000 ? 4,000 ? 2,000 P18,000 ? 14,000 P120,000 Joint Costs Sales value @ split-off Further Processing costs Sales value of FG Using the sale value at split-off, how much is the: joint cost allocated to S? P120,000 ? P200,000 P30,000 P250,000 P14,000 P10,000 P6,000 P140,000 P60,000 P50,000
Kapangan Inc, manufactures products R, S and T from a joint process. Additional information follows: R ТOTAL Units 8,000 ? 4,000 ? 2,000 P18,000 ? 14,000 P120,000 Joint Costs Sales value @ split-off Further Processing costs Sales value of FG Using the sale value at split-off, how much is the: joint cost allocated to S? P120,000 ? P200,000 P30,000 P250,000 P14,000 P10,000 P6,000 P140,000 P60,000 P50,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Using the sale value at split-off, how much is the: joint cost allocated to S?

Transcribed Image Text:Kapangan Inc. manufactures products R, S and I from a joint process. Additional information follows:
R
S
TOTAL
Units
8,000
4,000
2,000
14,000
Joint Costs
?
?
P18,000
P120,000
Sales value @ split-off
Further Processing costs
P120,000
?
?
P200,000
P14,000
P10,000
P6,000
P30,000
Sales value of FG
P140,000
P60,000
P50,000
P250,000
Using the sale value at split-off, how much is the: joint cost allocated to S?
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images

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


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education