Silay Company is conducting a joint production at a total costs of P500,000. The joint production results to the following inventories: Alt Tab Del Units produced Selling price at split off P150 20,000 units 10,000 units 5,000 units P200 P5 Alt and Tab are considered main products while Del is considered by-product. The entity considers its by-product as material. The by-product requires additional processing cost per unit of PO.80 and its cost of disposal is P0.20 per unit.
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What is the value to be given to product Del?
A. P25,000
B. P21,000
C. P24,000
D. P20,000
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- 2. ABC Company uses a joint process to produce products A, B, and C. The joint production costs for 201Awere 500,000 and were allocated using relative sales value at the split-off point method.Each product may be sold at its split-off point or processed further. Additional processing costs are entirelyvariable.ProductsSales Value atSplit-offAdditionalProcessingCostsFinal SalesValueA P300,000 P130,000 420,000B 120,000 100,000 230,000C 250,000 140,000 400,000P670,000 P370,000 P1,050,000 a. To maximize profit, which product/s should be sold at split-off point and be processed further,respectively?b. If the alternative were to sell at split-off point or to process further all products, which alternativewould be recommended?Ilang Ilang Company manufactures Product A and B from a joint process which yield a by-product. Ilang Ilang accounts for the revenue from its by-product sales as deduction from the cost of goods sold of its main products. Additional information follows: A B C Total Unit produced 15000 9000 6000 30000 Joint Costs 264000 Sales Value at Split off 290000 150000 10000 450000 Joint products are allocated using the relative sales value at split off approach What was the joint cost allocated to Product B?BSBA Company produced two joint products A and B. and by-products 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; 2.00 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?* P11,136 P12,036 P13,100 P14,000 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…
- MIX Inc. is conducting a joint process which results to three products. The following production data were provided by MIX Inc. for the current period:Product Name Units Produced Selling price per unit at split off pointAce 10,000 P40Bat 15,000 P20Can 25,000 P12Additional data for the period were provided:All the ace items were sold for a gross profit of P100,000.The joint costs were allocated using physical method.Requirement:1. What is the gross profit/(loss) if all the Bat items are sold in current year?2. Assuming the joint costs are fixed, what is the joint cost allocated to can items using the relative sales value method?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 Cand D (P2.000 and P1,500). If the by-products are presented as other income. what is the total amount of net sales and cost of goods sold, respectively? P950,000 and P475411 P950,000 and P483,011 P957,600 and P475,411 P957,600 and P483,011 ESBA 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…Vicerelandu, Inc. manufactures X, Y, and Z from a joint process. Joint product costs were P60,000. Additional information are as follows:(see pic) 1. Assuming that joint costs are allocated using the physical measures (units produced) approach, what were the total costs allocated to product X ________________________ Y ______________________ Z ______________________2. Assuming that joint product costs are allocated using the relative sales value at split-off approach, what were the total costs allocated to product X_________________________ y ______________________ Z ______________________
- Compute for the joint cost allocated to Reta. Land Company produces joint products Jana and Reta, together with by-product Bynd. Jana is sold at split-off, but Reta and Bynd undergo additional processing. Production data pertaining to these proiticts follow: Jana Reta Bynd Total Joint costs: Variable P88,000 148,000 Fixed Separable costs: P120,000 90,000 Variable 123,000 Fixed Profit Production (lbs.) Sales price/lbs. P3,000 1,000 1,000 10,000 P 1.10 92,000 50,000 P 4.00 40,000 P 7.50 100,000 There is no beginning or ending inventories. materials are spoiled in production. NoButtertly Corp. manufactures products M1 and M2 from a joint process, which also yields a by-product, B1. Butterfly accounts for the revenues from its by-product sales as other income. Additional information follows: M1 M2 B1 Units produced Allocated joint costs Sales value at split-off $414, 000 $276, 00 s98, 000 Total 49, 700 $388, 000 $788, 000 26, 800 13, 800 9, 100 Required: Assuming that joint product costs are allocated using the net realizable value at split-off approach, what was the joint cost allocated to product M1? (Do not round intermediate calculations.) Jont cont of product M1Inseparable Company produces products X and Y in a joint manufacturing process. The joint cost allocated to Product X is P15 and to Product Y is P10. At the point of splitting-off in the manufacturing process, Product Y can be sold for P15. The company is considering to incur additional processing cost of P4 for Product Y, after which the product can be sold for P22. Should Product Y be processed further or just sold at split-off point? Support your answer wirh computations and text.
- Denver Fabricators manufactures products DF1 and DF2 from a joint process, which also yields a by-product, BP. The company accounts for the revenues from its by-product sales as other income. Additional information follows: Units produced Allocated joint costs Sales value at split-off DF1 DF2 BP DF1 27,300 ? DF2 18,300 ? $ 563,250 $ 187,750 Joint Cost BP 15,300 ? $ 102,300 Total Required: Assuming that joint product costs are allocated using the net realizable value at split-off approach, what joint costs are allocated to each of the joint products DF1 and DF2 and to the by-product, BP? Note: Do not round intermediate calculations. 60,900 $ 560,300 $ 853,300I need answers to the following questions: Fritz Co. Produces 2 Products "Maria and Rose" , and 1 by-product "Sina" Total Joint Cost is P3,840,000. The by product however would need an additional cost of P180,000 to fully utilize Sina. The Cost is allocated based on Net Realizable Value method, while the by Product will be accounted for using the Cost Reduction Method. How much is the Adjusted Joint Cost? This will pertain to #12 to #15 (IMAGE) Using the NRV Method, How much cost would be allocated to Maria? Using the NRV Method, How much cost would be allocated to Rose? How much is the total Gain in the by product if the Company opted for the Sales Method?Denver Fabricators manufactures products DF1 and DF2 from a joint process, which also yields a by-product, BP. The company accounts for the revenues from its by-product sales as other income. Additional information follows: Units produced Allocated joint costs Sales value at split-off Required: DF1 28,400 ? $ 571,500 DF2 19,400 ? BP $ 190,500 16,400 ? $ 103,400 Total 64,200 $ 561,400 $ 865,400 Assuming that joint product costs are allocated using the net realizable value at split-off approach, what joint costs are allocated to each of the joint products DF1 and DF2 and to the by-product, BP? Note: Do not round intermediate calculations. Joint Cost DF1 DF2 BP