Problem 2: Joint Cost Allocation Jean Company produces four products, which have a manufacturing cost of P672,000 at the split-off point. Data pertaining to these products follow: Weight Factors Units Produced 20,000 32,000 36,000 24,000 Sales Value at Split-off per unit 36.00 Product A 10.50 16.5 15 18 C 18.00 16.50 Required: Allocate the total joint cost, using: 1. Average unit cost method or Physical output method 2. Market Value method or relative sales value method 3. Weighted Average Method
Problem 2: Joint Cost Allocation Jean Company produces four products, which have a manufacturing cost of P672,000 at the split-off point. Data pertaining to these products follow: Weight Factors Units Produced 20,000 32,000 36,000 24,000 Sales Value at Split-off per unit 36.00 Product A 10.50 16.5 15 18 C 18.00 16.50 Required: Allocate the total joint cost, using: 1. Average unit cost method or Physical output method 2. Market Value method or relative sales value method 3. Weighted Average Method
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please Answer Problem 2 only
Please provide the requirements for Product A, B, C, and D.
Thank you!
Transcribed Image Text:* Allocate the joint costs using:
a. Physical-units method
b. Sale Value at split-off method
c. Approximated Net realizable value method
ble vahue
Problem 2: Joint Cost Allocation
Jean Company produces four products, which have a manufacturing cost of
P672,000 at the split-off point. Data pertaining to these products follow:.
Sales Value at
Units
Weight
Factors
Product
Split-off per unit
36.00
10.50
Produced
20,000
32,000
36,000
24,000
16.5
18.00
15
16.50
18
Required: Allocate the total joint cost, using:
1. Average unit cost method or Physical output method
2. Market Value method or relative sales value method
3. Weighted Average Method
Problem 3 Joint Cost Allocation
The Bangles Corporation manufactures two products, X and Y in a joint
process. The data from the production of the two products is as follows:
Units
80,000
240,000
Production Output
P720,000
P300,000
P1,380,000
Direct Materials used
Direct labor
Y.
Factory Overhead
Product X sells for P15 per unit and Product Y sells for P20 per unit
647
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