Q1. DCT Corporation are in the manufacturing of soft drinks and produces three products X, Y and Z. During the year 2014, the joint costs of processing the three products were SAR 450,000. The following are the information related with production and sales value: Product Units Sales Value at Split-Off Separable Costs SAR 25 per unit SAR 21 per unit SAR 17 per unit 675,000 525,000 300,000 SAR 11.00 per unit SAR 7.00 per unit SAR 7.00 per unit Selling Price SAR 75 per unit SAR 68 per unit SAR 52 per unit Y Allocate the joint costs to each product using the physical output method.

Q1. DCT Corporation are in the manufacturing of soft drinks and produces three products X, Y and Z. During the year 2014, the joint costs of processing the three products were SAR 450,000. The following are the information related with production and sales value: Product Units Sales Value at Split-Off Separable Costs SAR 25 per unit SAR 21 per unit SAR 17 per unit 675,000 525,000 300,000 SAR 11.00 per unit SAR 7.00 per unit SAR 7.00 per unit Selling Price SAR 75 per unit SAR 68 per unit SAR 52 per unit Y Allocate the joint costs to each product using the physical output method.

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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