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Problem no. 6 Bravo Company manufactures Products A and B from a joint process that also yields a by- product, X. Bravo accounts for the revenues from its by-product sales as a deduction from the cost of goods sold of its main products. Additional information is as follows: A B Total Units produced 15.000 9.000 X 6

Problem no. 6 Bravo Company manufactures Products A and B from a joint process that also yields a by- product, X. Bravo accounts for the revenues from its by-product sales as a deduction from the cost of goods sold of its main products. Additional information is as follows: A B Total Units produced 15.000 9.000 X 6

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Problem no. 6 Bravo Company manufactures Products A and B from a joint process that also yields a by- product, X. Bravo accounts for the revenues from its by-product sales as a deduction from the cost of goods sold of its main products. Additional information is as follows: B Total Units produced 000 Joint costs A 15,000 30,000 Sales value at split off P290,000 P150,000 P540,000 9,000 X P264,000 P100,000 6, Assuming that joint costs are allocated using the sales value at split off point method, what is the joint cost allocated to Product B?
Transcribed Image Text:Problem no. 6 Bravo Company manufactures Products A and B from a joint process that also yields a by- product, X. Bravo accounts for the revenues from its by-product sales as a deduction from the cost of goods sold of its main products. Additional information is as follows: B Total Units produced 000 Joint costs A 15,000 30,000 Sales value at split off P290,000 P150,000 P540,000 9,000 X P264,000 P100,000 6, Assuming that joint costs are allocated using the sales value at split off point method, what is the joint cost allocated to Product B?
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