Q1. DCT Corporation are in the manufacturing of soft drinks and produces three products X, Y and Z. During the year 2014, the joint costs of processing the three products were SAR 450,000. The following are the information related with production and sales value: Product Units Sales Value at Split-Off Separable Costs SAR 25 per unit SAR 21 per unit SAR 17 per unit 675,000 525,000 300,000 SAR 11.00 per unit SAR 7.00 per unit SAR 7.00 per unit Selling Price SAR 75 per unit SAR 68 per unit SAR 52 per unit Y Allocate the joint costs to each product using the physical output method.
Q1. DCT Corporation are in the manufacturing of soft drinks and produces three products X, Y and Z. During the year 2014, the joint costs of processing the three products were SAR 450,000. The following are the information related with production and sales value: Product Units Sales Value at Split-Off Separable Costs SAR 25 per unit SAR 21 per unit SAR 17 per unit 675,000 525,000 300,000 SAR 11.00 per unit SAR 7.00 per unit SAR 7.00 per unit Selling Price SAR 75 per unit SAR 68 per unit SAR 52 per unit Y Allocate the joint costs to each product using the physical output method.
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 14E: LeMoyne Manufacturing Inc.’s joint cost of producing 2,000 units of Product X, 1,000 units of...
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