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Elvie Company produces four solvents from the same process: A, B, C, and D. Joint product costs are P45,000. (Round all answers to the nearest peso.) If Elvie sells the products after further processing, the following disposal costs will be incurred: A, P7.50; B, P3.00; C, P10.50; D, P18.00. Using a physical measurement method, what amount of joint processing cost is allocated to Product B? * Sales price per barrel At split-off Disposal cost per barrel at split-off Further Final sales Barrels processing price per barrel costs P30.00 24.00 33.00 2,250 P19.50 P6.00 P40.50 B. 3,000 12.00 7.50 30.00 21.00 28.50 4,200 12.00 46.50 D. 6,000 45.00 13.50 58.50 a. P17,475 b. P 6,555 c. P 8,738 d. P12,235

Elvie Company produces four solvents from the same process: A, B, C, and D. Joint product costs are P45,000. (Round all answers to the nearest peso.) If Elvie sells the products after further processing, the following disposal costs will be incurred: A, P7.50; B, P3.00; C, P10.50; D, P18.00. Using a physical measurement method, what amount of joint processing cost is allocated to Product B? * Sales price per barrel At split-off Disposal cost per barrel at split-off Further Final sales Barrels processing price per barrel costs P30.00 24.00 33.00 2,250 P19.50 P6.00 P40.50 B. 3,000 12.00 7.50 30.00 21.00 28.50 4,200 12.00 46.50 D. 6,000 45.00 13.50 58.50 a. P17,475 b. P 6,555 c. P 8,738 d. P12,235

Financial And Managerial Accounting
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...
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Continuation:

Using sales value at split-off, what amount of joint processing cost is allocated to Product A? *

 

a. P22,165

b. P 5,910

c. P11,380

d. P 5,542

Using net realizable value at split-off, what amount of joint processing cost is allocated to Product C? *

 

a. P10,850

b. P 5,085

c. P 7,750

d. P21,315

Elvie Company produces four solvents from the same process: A, B, C, and D. Joint product costs are P45,000. (Round all answers to the nearest peso.) If Elvie sells the products after further processing, the following disposal costs will be incurred: A, P7.50; B, P3.00; C, P10.50; D, P18.00. Using a physical measurement method, what amount of joint processing cost is allocated to Product B? * Sales price per barrel At split-off Disposal cost per barrel at split-off Further Final sales Barrels processing price per barrel costs 2,250 3,000 P40.50 30.00 P30.00 P19.50 P6.00 24.00 12.00 7.50 21.00 28.50 4,200 33.00 12.00 46.50 6.000 45.00 13.50 58.50 a. P17,475 b. P 6,555 c. P 8,738 d. P12,235
Transcribed Image Text:Elvie Company produces four solvents from the same process: A, B, C, and D. Joint product costs are P45,000. (Round all answers to the nearest peso.) If Elvie sells the products after further processing, the following disposal costs will be incurred: A, P7.50; B, P3.00; C, P10.50; D, P18.00. Using a physical measurement method, what amount of joint processing cost is allocated to Product B? * Sales price per barrel At split-off Disposal cost per barrel at split-off Further Final sales Barrels processing price per barrel costs 2,250 3,000 P40.50 30.00 P30.00 P19.50 P6.00 24.00 12.00 7.50 21.00 28.50 4,200 33.00 12.00 46.50 6.000 45.00 13.50 58.50 a. P17,475 b. P 6,555 c. P 8,738 d. P12,235
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