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!
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