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26. What are the approximate joint costs assigned to the paper ending inventory if joint costs are allocated using the sales value at split-off method? а. Р 142.50 b. P 500.00 с. Р 4,350.00 d. P 7,500. 27. What is the approximate production cost per unit for each pencil casing if the sales value at split-off method is used? а. РО.250 b. Р О.255 с. Р О.335 d. P 0.357 Paper Pulp Company purchases trees form Manila seedling and processes them Un to the split-off point, where two products (paper and pencil casings) are obtained The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was obtained for the month of August. Trees processed: 50 trees (yield is 30,000 sheets of paper and 30,000 pencil casings and no scrap) Раper Pencil casings Раper Pencil casings 30,000 sheets 30,000 29,000 at P 0.40 per page 30,000 at P 1.00 per casing Production Sales Cost of purchasing 50 trees and processing them up to the split-off point is P 15,000. Paper Pulp Company's accounting department reported no beginning inventories, however, ending inventory amounts reflected 1,000 sheets of paper in stock. 25. What are the paper's and pencil's approximate weighted average cost proportions using the sales value at split-off method, respectively? a. 28.57% and 71.43% b. 33.33% and 66.67% C. 49.00% and 51.00% d. 50.00% and 50.00%

26. What are the approximate joint costs assigned to the paper ending inventory if joint costs are allocated using the sales value at split-off method? а. Р 142.50 b. P 500.00 с. Р 4,350.00 d. P 7,500. 27. What is the approximate production cost per unit for each pencil casing if the sales value at split-off method is used? а. РО.250 b. Р О.255 с. Р О.335 d. P 0.357 Paper Pulp Company purchases trees form Manila seedling and processes them Un to the split-off point, where two products (paper and pencil casings) are obtained The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was obtained for the month of August. Trees processed: 50 trees (yield is 30,000 sheets of paper and 30,000 pencil casings and no scrap) Раper Pencil casings Раper Pencil casings 30,000 sheets 30,000 29,000 at P 0.40 per page 30,000 at P 1.00 per casing Production Sales Cost of purchasing 50 trees and processing them up to the split-off point is P 15,000. Paper Pulp Company's accounting department reported no beginning inventories, however, ending inventory amounts reflected 1,000 sheets of paper in stock. 25. What are the paper's and pencil's approximate weighted average cost proportions using the sales value at split-off method, respectively? a. 28.57% and 71.43% b. 33.33% and 66.67% C. 49.00% and 51.00% d. 50.00% and 50.00%

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products
Section: Chapter Questions
Problem 12E: Adirondack Bat Co. processes rough timber to obtain three grades of lumber, A, B, and C that are...
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26. What are the approximate joint costs assigned to the paper ending inventory if joint costs are allocated using the sales value at split-off method? а. Р 142.50 b. P 500.00 с. Р 4,350.00 d. P 7,500. 27. What is the approximate production cost per unit for each pencil casing if the sales value at split-off method is used? а. РО.250 b. Р О.255 с. Р О.335 d. P 0.357
Transcribed Image Text:26. What are the approximate joint costs assigned to the paper ending inventory if joint costs are allocated using the sales value at split-off method? а. Р 142.50 b. P 500.00 с. Р 4,350.00 d. P 7,500. 27. What is the approximate production cost per unit for each pencil casing if the sales value at split-off method is used? а. РО.250 b. Р О.255 с. Р О.335 d. P 0.357
Paper Pulp Company purchases trees form Manila seedling and processes them Un to the split-off point, where two products (paper and pencil casings) are obtained The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was obtained for the month of August. Trees processed: 50 trees (yield is 30,000 sheets of paper and 30,000 pencil casings and no scrap) Раper Pencil casings Раper Pencil casings 30,000 sheets 30,000 29,000 at P 0.40 per page 30,000 at P 1.00 per casing Production Sales Cost of purchasing 50 trees and processing them up to the split-off point is P 15,000. Paper Pulp Company's accounting department reported no beginning inventories, however, ending inventory amounts reflected 1,000 sheets of paper in stock. 25. What are the paper's and pencil's approximate weighted average cost proportions using the sales value at split-off method, respectively? a. 28.57% and 71.43% b. 33.33% and 66.67% C. 49.00% and 51.00% d. 50.00% and 50.00%
Transcribed Image Text:Paper Pulp Company purchases trees form Manila seedling and processes them Un to the split-off point, where two products (paper and pencil casings) are obtained The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was obtained for the month of August. Trees processed: 50 trees (yield is 30,000 sheets of paper and 30,000 pencil casings and no scrap) Раper Pencil casings Раper Pencil casings 30,000 sheets 30,000 29,000 at P 0.40 per page 30,000 at P 1.00 per casing Production Sales Cost of purchasing 50 trees and processing them up to the split-off point is P 15,000. Paper Pulp Company's accounting department reported no beginning inventories, however, ending inventory amounts reflected 1,000 sheets of paper in stock. 25. What are the paper's and pencil's approximate weighted average cost proportions using the sales value at split-off method, respectively? a. 28.57% and 71.43% b. 33.33% and 66.67% C. 49.00% and 51.00% d. 50.00% and 50.00%
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