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: Variable Fixed P120,000 P3,000 1,000 1,000 40,000 10,000 P 1.10 123,000 92,000 90,000 Profit 50,000 P 4.00 There is no beginning or ending inventories. Production (lbs.) Sales price/lbs. 100,000 P 7.50 No materials are spoiled in production.

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: Variable Fixed P120,000 P3,000 1,000 1,000 40,000 10,000 P 1.10 123,000 92,000 90,000 Profit 50,000 P 4.00 There is no beginning or ending inventories. Production (lbs.) Sales price/lbs. 100,000 P 7.50 No materials are spoiled in production.

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Description: Compute for the joint cost allocated to Reta.Land Company produces joint products Jana andReta, together with by-product Bynd. Jana is sold atsplit-off, but Reta and Bynd undergo additionalprocessing. Production data pertaining to theseproiticts fol

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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None
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