15. Gdyan, Inc. which manufactures products X,Y and Z from a joint process. Joint product cost were P60,000. Additional information is provided below: Product Units Sales If Processed Further Produced Value at Sales Additional Split-Off P40,000 Values Costs 6,000 P55,000 P9,000 Y 4,000 35,000 45,000 7,000 2,000 25,000 30,000 5,000 Assuming that joint product costs are allocated using the physical measures (units produced) approach, what were the total cost allocated to product X? a. P27,000 b Р29,000 c. P33,000 d. P39,000

15. Gdyan, Inc. which manufactures products X,Y and Z from a joint process. Joint product cost were P60,000. Additional information is provided below: Product Units Sales If Processed Further Produced Value at Sales Additional Split-Off P40,000 Values Costs 6,000 P55,000 P9,000 Y 4,000 35,000 45,000 7,000 2,000 25,000 30,000 5,000 Assuming that joint product costs are allocated using the physical measures (units produced) approach, what were the total cost allocated to product X? a. P27,000 b Р29,000 c. P33,000 d. P39,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.2E: Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each...

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The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?
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