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Silay Company is conducting a joint production at a total costs of P500,000. The joint production results to the following inventories: Alt Tab Del Units produced Selling price at split off P150 20,000 units 10,000 units 5,000 units P200 P5 Alt and Tab are considered main products while Del is considered by-product. The entity considers its by-product as material. The by-product requires additi onal processing cost per unit of P0.80 and its cost of disposal is P0.20 per unit.

Silay Company is conducting a joint production at a total costs of P500,000. The joint production results to the following inventories: Alt Tab Del Units produced Selling price at split off P150 20,000 units 10,000 units 5,000 units P200 P5 Alt and Tab are considered main products while Del is considered by-product. The entity considers its by-product as material. The by-product requires additi onal processing cost per unit of P0.80 and its cost of disposal is P0.20 per unit.

FINANCIAL ACCOUNTING
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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What is the joint cost allocated to product Tab if the company employs relative sales value method?

P300,000
P200,000
P192,000
P288,000

Silay Company is conducting a joint production at a total costs of P500,000. The joint production results to the following inventories: Alt Tab Del Units produced Selling price at split off P150 20,000 units 10,000 units 5,000 units P200 P5 Alt and Tab are considered main products while Del is considered by-product. The entity considers its by-product as m aterial. The by-product requires additi onal processing cost per unit of P0.80 and its cost of disposal is PO.20 per unit.
Transcribed Image Text:Silay Company is conducting a joint production at a total costs of P500,000. The joint production results to the following inventories: Alt Tab Del Units produced Selling price at split off P150 20,000 units 10,000 units 5,000 units P200 P5 Alt and Tab are considered main products while Del is considered by-product. The entity considers its by-product as m aterial. The by-product requires additi onal processing cost per unit of P0.80 and its cost of disposal is PO.20 per unit.
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