Dallas Company manufactures two joint products: X and Y. Total joint production costs amounted to P100,000. The two products sell for P12 and P6 per unit, respectively. In order to sell this two process at much higher price, Dallas can process them further for additional cost of P25,000. Relevant data are shown below: Units Produced Additional Adjusted Selling Price Processing Costs Sales Value P16,200 8,800 P25,000 Products 10,000 30,000 40,000 P12.00 P18.00 Y 6.00 10.00 Required: Allocate the joint costs to four products using: a. Quantitative or physical unit method b. Sales value at split-off method c. Net realizable value (or adjusted sales value) method
Dallas Company manufactures two joint products: X and Y. Total joint production costs amounted to P100,000. The two products sell for P12 and P6 per unit, respectively. In order to sell this two process at much higher price, Dallas can process them further for additional cost of P25,000. Relevant data are shown below: Units Produced Additional Adjusted Selling Price Processing Costs Sales Value P16,200 8,800 P25,000 Products 10,000 30,000 40,000 P12.00 P18.00 Y 6.00 10.00 Required: Allocate the joint costs to four products using: a. Quantitative or physical unit method b. Sales value at split-off method c. Net realizable value (or adjusted sales value) method
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter19: Support Department And Joint Cost Allocation
Section: Chapter Questions
Problem 4CMA: Tucariz Company processes Duo into two joint products, Big and Mini. Duo is purchased in...
Related questions
Question
100%
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 5 images
Recommended textbooks for you
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning