The Camp Corporation manufactures two products out of a joint process— Coma and Ultra. The joint costs incurred are Php250,000 for a standard production that generates 120,000 gallons of Coma and 80,000 gallons of Ultra. Coma sells for Php2.00 per gallon, while Ultra sells for Php3.25 per gallon. If there are no additional processing costs incurred after the split-off point, the amount of joint cost of each production allocated to Coma by the quantitative unit method is?
The Camp Corporation manufactures two products out of a joint process— Coma and Ultra. The joint costs incurred are Php250,000 for a standard production that generates 120,000 gallons of Coma and 80,000 gallons of Ultra. Coma sells for Php2.00 per gallon, while Ultra sells for Php3.25 per gallon. If there are no additional processing costs incurred after the split-off point, the amount of joint cost of each production allocated to Coma by the quantitative unit method is?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Camp Corporation manufactures two products out of a joint process— Coma and Ultra. The joint costs incurred are Php250,000 for a standard production that generates 120,000 gallons of Coma and 80,000 gallons of Ultra. Coma sells for Php2.00 per gallon, while Ultra sells for Php3.25 per gallon. If there are no additional
the amount of joint cost of each production allocated to Coma by the quantitative unit method is?
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