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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Using sales value at split-off, what amount of joint
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?
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 3 steps
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