Previtz Company produces two products from a joint process: X and Z. Joint processing costs for this production cycle are P8,000. Disposal Sales price cost per Further Final sale per yard at yard at processing price per Yards split-off split-off per yard yard 1,500 P6.00 P3.50 P1.00 P 7.50 2,200 9.00 5.00 3.00 11.25 If X and Z are processed further, no disposal costs will be incurred or such costs will be borne by the buyer. Refer to Previtz Company. Using sales value at split-off, what amount of joint processing cost is allocated to X (round to the nearest peso)? P3,243 P4,000 P5,500 P2,500

Previtz Company produces two products from a joint process: X and Z. Joint processing costs for this production cycle are P8,000. Disposal Sales price cost per Further Final sale per yard at yard at processing price per Yards split-off split-off per yard yard 1,500 P6.00 P3.50 P1.00 P 7.50 2,200 9.00 5.00 3.00 11.25 If X and Z are processed further, no disposal costs will be incurred or such costs will be borne by the buyer. Refer to Previtz Company. Using sales value at split-off, what amount of joint processing cost is allocated to X (round to the nearest peso)? P3,243 P4,000 P5,500 P2,500

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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