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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

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products
Section: Chapter Questions
Problem 13E: Computing joint costssales value at split-off and net realizable value methods D.L. Manufacturing...
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* 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
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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