HAHA manfactures products R, S and T from a joint process. Below are additional information:Question: How much is the joint cost allocated to S using sales value split off method. STOTALUnits8,0004,0002,00014,000P120,000P200,000P30,000P250,000Joint Costs??P18,000Sales value @ split-offP120,000??Further Processing costsP14,000P10,000P6,000Sales value of FGP140,000P60,000P50,000

Joint cost means cost incurred on common process from which we get different products. Now joint…

R ТОTAL Units 4,000 ? 2,000 P18,000 8,000 14,000 Joint Costs P120,000 Sales value @ split-off Further Processing costs P120,000 ? ? P200,000 P14,000 P10,000 P6,000 Р30,000 Sales value of FG P140,000 P60,000 P50,000 P250,000

R ТОTAL Units 4,000 ? 2,000 P18,000 8,000 14,000 Joint Costs P120,000 Sales value @ split-off Further Processing costs P120,000 ? ? P200,000 P14,000 P10,000 P6,000 Р30,000 Sales value of FG P140,000 P60,000 P50,000 P250,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

HAHA manfactures products R, S and T from a joint process. Below are additional information:

Question: How much is the joint cost allocated to S using sales value split off method.

S
TOTAL
Units
8,000
4,000
2,000
14,000
P120,000
P200,000
P30,000
P250,000
Joint Costs
?
?
P18,000
Sales value @ split-off
P120,000
?
?
Further Processing costs
P14,000
P10,000
P6,000
Sales value of FG
P140,000
P60,000
P50,000

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