BC Corporation manufactures products W, X,Y, AND Z from a joint process. Additional information is as follows: Sales If processed further Units Value at Additional Sales Product Produced Split-off Costs Value W 6,000 P 80,000 P 7,500 P 90,000 X 5,000 60,000 6,000 70,000 Y 4,000 40,000 4,000 50,000 Z 3,000 20,000 2,500 30,000 Total 18,000 P200,000 P20,000 P240,000 Assuming that total joint costs of P160,000 were allocated using the relative sales value at split- off approach, what joint costs were allocated to each product? W________________ X__________________ Y________________ Z __________________
BC Corporation manufactures products W, X,Y, AND Z from a joint process. Additional information is as follows: Sales If processed further Units Value at Additional Sales Product Produced Split-off Costs Value W 6,000 P 80,000 P 7,500 P 90,000 X 5,000 60,000 6,000 70,000 Y 4,000 40,000 4,000 50,000 Z 3,000 20,000 2,500 30,000 Total 18,000 P200,000 P20,000 P240,000 Assuming that total joint costs of P160,000 were allocated using the relative sales value at split- off approach, what joint costs were allocated to each product? W________________ X__________________ Y________________ Z __________________
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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BC Corporation manufactures products W, X,Y, AND Z from a joint process. Additional information is as follows:
Sales | If processed further | |||
Units | Value at | Additional | Sales | |
Product | Produced | Split-off | Costs | Value |
W | 6,000 | P 80,000 | P 7,500 | P 90,000 |
X | 5,000 | 60,000 | 6,000 | 70,000 |
Y |
4,000 | 40,000 | 4,000 | 50,000 |
Z | 3,000 | 20,000 | 2,500 | 30,000 |
Total | 18,000 | P200,000 | P20,000 | P240,000 |
Assuming that total joint costs of P160,000 were allocated using the relative sales value at split- off approach, what joint costs were allocated to each product? W________________ X__________________ Y________________ Z __________________
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