7 3. Fun-fan Company manufactures three products - A, B, and C- as a result of a joint process. DuringOctober, joint processing costs totaled P288.000. Details regarding each of the three products are:Product A Product B Product CUnits producedUnits sold5,0004,300Further processing costs P 25,000 P 60,000 P 105,000P 501,0008003,0002,500P 80P 100Required: Assuming no finished goods inventory beginning and using the (1) market value method andSales price per unit(2) weighted average method, compute the following:a. Allocated joint cost of each product.b. Total cost of each product.c. Cost per unit of each product.d. Cost of finished goods ending inventory.e Gross profit for each product and in total.

The joint processing cost is P 288,000 .…

Answered: Company manufactures three products -…

Business

Accounting

Company manufactures three products - A, B, and as a result of a joint process.

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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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

3. Fun-fan Company manufactures three products - A, B, and C- as a result of a joint process. During
October, joint processing costs totaled P288.000. Details regarding each of the three products are:
Product A Product B Product C
Units produced
Units sold
5,000
4,300
Further processing costs P 25,000 P 60,000 P 105,000
P 50
1,000
800
3,000
2,500
P 80
P 100
Required: Assuming no finished goods inventory beginning and using the (1) market value method and
Sales price per unit
(2) weighted average method, compute the following:
a. Allocated joint cost of each product.
b. Total cost of each product.
c. Cost per unit of each product.
d. Cost of finished goods ending inventory.
e Gross profit for each product and in total.

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