COST ACCOUNTINGPLS SHOW SOLUTION 8. Big Time Inc. manufactures products X, Y, Z from a joint process. Joint product costs wereP60,000. Additional information is as follows:Sales Value and additionalCosts if processed furtherFixed Sales ValuesP 49,000ProductsUnits ProducedAdditional Costs6,000P 9,0007,0005,000Y4,0002,00042,00030,000REQUIRED: What is the total costs allocated to product X?Physical MeasureP 30,000P 29,000P 30,000P 39,000Relative Sales ValuesP 28,000P 27,000P 21,000P 33,000а.b.c.d.

Solution: Total cost allocated to product X using Physical measure = Joint cost * Nos of units of X…

8. Big Time Inc. manufactures products X, Y, Z from a joint process. Joint product costs w P60,000. Additional information is as follows: Sales Value and additional Costs if processed further Fixed Sales Values P 49,000 42,000 30,000 Units Produced Additional Costs P 9,000 7,000 5,000 Products 6,000 Y 4,000 2,000 REQUIRED: What is the total costs allocated to product X? Physical Measure P 30,000 P 29,000 P 30,000 Relative Sales Values а. P 28,000 b. P 27,000 P 21,000 с.

8. Big Time Inc. manufactures products X, Y, Z from a joint process. Joint product costs w P60,000. Additional information is as follows: Sales Value and additional Costs if processed further Fixed Sales Values P 49,000 42,000 30,000 Units Produced Additional Costs P 9,000 7,000 5,000 Products 6,000 Y 4,000 2,000 REQUIRED: What is the total costs allocated to product X? Physical Measure P 30,000 P 29,000 P 30,000 Relative Sales Values а. P 28,000 b. P 27,000 P 21,000 с.

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 10CE: A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each...

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