BSBA Company produced two joint products A and B, and by-products C and D from the same raw materials with joint costs P200,000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced (20,000; 30,000; 5,000 and 5,000); Unit sold (18.000; 25,000; 5,000 and 5,000); Final unit selling prices (P25.00; P20.00; P2.00 and P1.50): Further processing costs (P150,000; P210.000; P5,000 and P4,000); Selling and Administrative expenses (P15,000; P21,000; P500 and P400): Desired profit on C and D (P2,000 and P1,500). If the joint costs are allocated to by-products using the reversal cost method, what is the total costs of by products? O P11,136 OP12,036 P13,100 OP14.000 BSBA Company produced two joint products A and B, and by-products C and D from the same raw materials with joint costs P200,000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced (20,000; 30,000; 5,000 and 5,000); Unit sold (18,000; 25,000: 5,000 and 5,000); Final unit selling prices (P25.00: P20.00; P2.00 and P1.50): Further processing costs (P150,000; P210,000; P5,000 and P4,000): Selling and Administrative expenses (P15,000; P21,000; P500 and P400): Desired profit on C and D (P2,000 and P1,500). If the net proceeds of sale of by-products are presented as reduction from cost of goods sold of the main products. what is the amount of operating profit from joint products only?" P438,589 P438,300 P432.836 P430,989
BSBA Company produced two joint products A and B, and by-products C and D from the same raw materials with joint costs P200,000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced (20,000; 30,000; 5,000 and 5,000); Unit sold (18.000; 25,000; 5,000 and 5,000); Final unit selling prices (P25.00; P20.00; P2.00 and P1.50): Further processing costs (P150,000; P210.000; P5,000 and P4,000); Selling and Administrative expenses (P15,000; P21,000; P500 and P400): Desired profit on C and D (P2,000 and P1,500). If the joint costs are allocated to by-products using the reversal cost method, what is the total costs of by products? O P11,136 OP12,036 P13,100 OP14.000 BSBA Company produced two joint products A and B, and by-products C and D from the same raw materials with joint costs P200,000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced (20,000; 30,000; 5,000 and 5,000); Unit sold (18,000; 25,000: 5,000 and 5,000); Final unit selling prices (P25.00: P20.00; P2.00 and P1.50): Further processing costs (P150,000; P210,000; P5,000 and P4,000): Selling and Administrative expenses (P15,000; P21,000; P500 and P400): Desired profit on C and D (P2,000 and P1,500). If the net proceeds of sale of by-products are presented as reduction from cost of goods sold of the main products. what is the amount of operating profit from joint products only?" P438,589 P438,300 P432.836 P430,989
Chapter1: Financial Statements And Business Decisions
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Problem 1Q
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