O'Donnell Company manufactures Product J and Product K from a joint process. For Product J. 4,000 units were produced having a sales value at split-off of P15,000. If Product J were processed further, the additional costs would be P3,000 and the sales value would be P20,000. For Product K, 2,000 units were produced having a sales value at split-off of P10,000. If Product K were processed further, the additional costs would be P1.000 and the sales value would be P12,000. 6. Using the sales value at split-off method, the portion of the total joint costs allocated to Product J was P 9,000. What were the total joint costs? P 14,400 a. b. P 15,000 P 18,400 d. P. 19,000 C
O'Donnell Company manufactures Product J and Product K from a joint process. For Product J. 4,000 units were produced having a sales value at split-off of P15,000. If Product J were processed further, the additional costs would be P3,000 and the sales value would be P20,000. For Product K, 2,000 units were produced having a sales value at split-off of P10,000. If Product K were processed further, the additional costs would be P1.000 and the sales value would be P12,000. 6. Using the sales value at split-off method, the portion of the total joint costs allocated to Product J was P 9,000. What were the total joint costs? P 14,400 a. b. P 15,000 P 18,400 d. P. 19,000 C
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please answer asap. I really need help
Transcribed Image Text:O'Donnell Company manufactures Product J and Product K from a joint process. For
Product J. 4,000 units were produced having a sales value at split-off of P15,000. If
Product J were processed further, the additional costs would be P3,000 and the sales
value would be P20,000. For Product K, 2,000 units were produced having a sales
value at split-off of P10,000. If Product K were processed further, the additional costs
would be P1.000 and the Se would be P12,000.
14
6. Using the sales value at split-off method, the portion of the total joint costs
allocated to Product J was P 9,000. What were the total joint costs?
P 14,400
a.
b. P 15,000
C P 18,400
d. P 19,000
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
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