Owen Company produces four products, which have a manufacturing cosy ofP217,000 at the split-off point. Data pertaining to these products are as follows:obProductMarket valueg At split-offUnits producedWeight factor3.0AP4.00Ioleyiq 20,000bod 32,00036,00024,0001.755.5C3.05.02.756.0Required: Allocate the joint cost using1. Market Value Method2. Average units cost method3. Weighted average method

Given that, manufacturing costs = 217000

Company produces four products, which have a manufacturing cosy of P217,000 at the split-off point. Data pertaining to these products are as follows: Product Market value Units produced 20,000 od32,000 36,000 24,000 At split-off P4.00 Weight factor 3.0 1.75 5.5 3.0 5.0 2.75 6.0 Required: Allocate the joint cost using 1. Market Value Method 2. Average units cost method 3. Weighted average method ABCD

Company produces four products, which have a manufacturing cosy of P217,000 at the split-off point. Data pertaining to these products are as follows: Product Market value Units produced 20,000 od32,000 36,000 24,000 At split-off P4.00 Weight factor 3.0 1.75 5.5 3.0 5.0 2.75 6.0 Required: Allocate the joint cost using 1. Market Value Method 2. Average units cost method 3. Weighted average method ABCD

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter12: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 12.16E: Product cost concept of product pricing Based on the data presented in Exercise 12-15, assume that...

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