NUBD Company produces four solvents from the same process: Alpha, Delta, Epsilon, and Gamma. Joint product costs are P9,000. (Round all answers to the nearest peso.) Disposal cost perbarrel at split-off P6.50 Final sales Sales price perbarrel at split-off P10.00 Further processing costs P2.00 2.50 4.00 Barrels 750 price perbarel P13.50 Alpha Delta E psilon Gamma 1,000 1,400 2,000 8.00 11.00 4.00 10.00 15.50 7.00 9.50 15.00 4.50 19.50 If NUBD sells the products after furth er processing, the following disposal costs will be incurred: Alpha, P2.50; Delta, P1.00; E psilon, P3.50; Gamma, P6.00.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Using sales value at split-off, what amount of joint processing cost is allocated to Product Alpha?

Using a physical measurement method, what amount of joint processing cost is allocated to Product Gamma?

Using net realizable value at split-off, what amount of joint processing cost is allocated to Product Delta?

NUBD Company produces four solvents from the same process: Alpha, Delta, Epsilon, and
Gamma. Joint product costs are P9,000. (Round all answers to the nearest peso.)
Disposal
Final
Sales price
per barrel
at split-off
P10.00
8.00
cost
Further
sales
perbarrel
at split-off
P6.50
4.00
processing
costs
P2.00
2.50
price
perbarrel
P13.50
Barrels
750
Alpha
Delta
1,000
1,400
2,000
10.00
E psilon
Gamma
11.00
15.00
7.00
4.00
4.50
15.50
9.50
19.50
If NUBD sells the products after furth er processing, the following disposal costs willbe incurred:
Alpha, P2.50; Delta, P1.00; E psilon, P3.50; Gamma, P6.00.
Transcribed Image Text:NUBD Company produces four solvents from the same process: Alpha, Delta, Epsilon, and Gamma. Joint product costs are P9,000. (Round all answers to the nearest peso.) Disposal Final Sales price per barrel at split-off P10.00 8.00 cost Further sales perbarrel at split-off P6.50 4.00 processing costs P2.00 2.50 price perbarrel P13.50 Barrels 750 Alpha Delta 1,000 1,400 2,000 10.00 E psilon Gamma 11.00 15.00 7.00 4.00 4.50 15.50 9.50 19.50 If NUBD sells the products after furth er processing, the following disposal costs willbe incurred: Alpha, P2.50; Delta, P1.00; E psilon, P3.50; Gamma, P6.00.
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