Tonic Company manufactures products X and Y from a joint process. The market value at split-off was P50,000 for 6,000 units of product X and P50,000 for 2,000 units of product Y. Assuming that the portion of the total joint cost properly allocated to product X using the market value method was P30,000; the total joint cost was: A. 45,000 b. 60,000 c. 75,000

Tonic Company manufactures products X and Y from a joint process. The market value at split-off was P50,000 for 6,000 units of product X and P50,000 for 2,000 units of product Y. Assuming that the portion of the total joint cost properly allocated to product X using the market value method was P30,000; the total joint cost was: A. 45,000 b. 60,000 c. 75,000

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 27E: Pacheco, Inc., produces two products, overs and unders, in a single process. The joint costs of this...

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Pacheco, Inc., produces two products, overs and unders, in a single process. The joint costs of this process were 50,000, and 14,000 units of overs and 36,000 units of unders were produced. Separable processing costs beyond the split-off point were as follows: overs, 18,000; unders, 23,040. Overs sell for 2.00 per unit; unders sell for 3.14 per unit. Required: 1. Allocate the 50,000 joint costs using the estimated net realizable value method. 2. Suppose that overs could be sold at the split-off point for 1.80 per unit. Should Pacheco sell overs at split-off or process them further? Show supporting computations.
Beta Company manufactures Products Tama and Mali from a joint process. The sales value at split-off point was P36,000 for 6,000 units of Product Tama and P24,000 for 2,000 units of Product Mali. Assuming that the portion of the total joint cost properly allocated to product Tama using the sales value at split-off point method was P30,000, what is the total joint cost? a. P40,000 b. P50,000 c. P60,000 d. P90,000
Karen Corp. manufactures products Y and Z from a joint process. The sales value at split-off was P50,000 for 6,000 units of Product Y and P25,000 for 2,000 units of Product Z. Assuming that the portion of the total joint costs properly allocated to Product Y using the relative sales value at split off approach was P30,000. What were the total joint costs?
Korina Company manufactures products from S and T from a joint process. The sales value at split of was P 50,000 for 6,000 units of Product S and P 25,000 for 2,000 units of Product T. Assuming that portion of the total joint costs properly allocated to Product S using the relative sales value at split off approach was P 30,000, what were the total joint costs? P 40,000 P 42,500 P 45,000 P 60,000 "The correct answer for this problem is 45,000 but I don't how to solve it"
ABC Company produces joint products X and Y, each of which incurs separable production costs after the split-off point. Information concerning a batch produced at a joint cost of $160,000 before split-off follows: Product X Y Total Separable costs $ 14,000 25,000 $ 39,000 Sales value $ 68,000 61,000 $ 129,000 What is the joint cost assigned to product line X if costs are assigned using relative net realizable value? a. $160,000 b. $64,000 C. $90,000 d. $96,000
Bixel Components manufactures products A1 and A2 from a joint process. Total joint costs are $360,000. The sales value at split-off was $400,000 for 4,500 units of product A1 and $200,000 for 1,400 units of product A2. Required: Assuming that total joint costs are allocated using the net realizable value at split-off approach, what amount of the joint costs was allocated to product A1? (Do not round intermediate calculations.) Joint cost of product A1
What is the Total joint costs? Show all workings related to the answer.
Using a physical measurement method, what amount is joint processing cost is allocated to product Wan? Using net realizable value at split-off, what amount of joint processing cost is allocated to product tri?
BSBA Company produced joint products M, Nand O from same raw materials with total joint costs P35,000. Other data are as follows: Quantity Produced in units (1.500: 2,500; 1,000); Unit Market value at split-off (P6: P10: P8): Final unit selling price (P10, P12. P15): Additional costs after split off (P3,000: P2.000: P5.000): Ouantity Sold (1.200: 2.000: 800). Using the average unit cost method, what is the unit cost of Product M? O P9.00 P12.00 P7.80 O P7.00 ESBA Company produced joint products M, Nand O from same raw materials with total joint costs P35,000. Other data are as follows: Quantity Produced in units (1.500: 2,500: 1.000); Unit Market value at split-off (P6; P10; P8); Final unit selling price (P10, P12, P15): Additional costs after split off (P3.000; P2.000: P5.000): Quantity Sold (1.200: 2.000: 800). Using the physical output method, what is the unit cost of Product N?* O P7.80 P7.00 P 9.00 P12.00
BSBA Company produced joint products M, Nand O from same raw materials with total joint costs P35,.000. Other data are as follows: Quantity Produced in units (1.500: 2,500: 1,000); Unit Market value at split-off (Pó: P10; P8): Final unit selling price (P10, P12, P15): Additional costs after split off (P3.000; P2.000; P5.000): Quantity Sold (1.200: 2.000: 800). Using the physical output method, what is the unit cost of Product N?* P7.80 P 7.80 P7.00 O P9.00 O P12.00
Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are $169,000. The sales value at split- off was $175,680 for 8.800 units of Kappa and $63,280 for 13,200 units of Lambda. Required: a. What joint costs are allocated to the two products using the net realizable value at split-off approach? Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts. b. What joint costs are allocated to the two products using the physical quantities method? Note: Do not round intermediate calculations. a. Net realizable value method b. Physical quantities method Kappa Lambda
Using sales value at split-off, what amount of joint processing cost is allocated to Product Alpha? Using a physical measurement method, what amount of joint processing cost is allocated to Product Gamma? Using net realizable value at split-off, what amount of joint processing cost is allocated to Product Delta?