The XYZ Company manufactures products C and R from a joint process. The total joint costs are P60,000. The sales value at split-off was P75,000 for 8,000 units of product C and P25,000 for 2,000 units of product R. Assuming the total joint costs are allocated using the relative sales value at split-off approach, what were the joint costs allocated to product C?________________
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1. The XYZ Company manufactures products C and R from a joint process. The total joint costs are P60,000. The sales value at split-off was P75,000 for 8,000 units of product C and P25,000 for 2,000 units of product R. Assuming the total joint costs are allocated using the relative sales value at split-off approach, what were the joint costs allocated to product C?________________
2. BZD Company manufactures products A and B from a joint process which also yields a by- product, X. BZD 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 | X | TOTAL | |
| Units produced | 15,000 |
9,000 |
6,000 | 30,000 |
| Joint costs | ? | ? | ? | P264,000 |
| Sales value at split-off | P290,000 | P150,000 | P 10,000 | P450,000 |
Assuming that joint product costs are allocated using the relative sales value at split-off approach, what were the joint costs allocated to products A_____________________ B___________________ X__________________
ABC Corporation manufactures products W, X,Y, AND Z from a joint process. Additional information is as follows:
| Sales | If processed further | |||
| Units | Value at | Additional | Sales | |
| Product | Produced | Split-off | Costs | Value |
| W | 6,000 | P 80,000 | P 7,500 | P 90,000 |
| X | 5,000 | 60,000 | 6,000 | 70,000 |
| Y |
4,000 | 40,000 | 4,000 | 50,000 |
| Z | 3,000 | 20,000 | 2,500 | 30,000 |
| Total | 18,000 | P200,000 | P20,000 | P240,000 |
Assuming that total joint costs of P160,000 were allocated using the relative sales value at split- off approach, what joint costs were allocated to each product? W________________ X__________________ Y________________ Z __________________
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