standard production run incurs joint costs of P300,000 and results in 60,000 units of MSB and 90,000 units of CBL. Each MSB sells for P2 per unit, and each CBL sells for P4 per unit. Assuming no further processing work is done after the split-off point, the amount of joint cost allocated to commercial building lumber (CBL) on a physical quantity allocation basis would be: c. P225,000 d. P120,000 a. P75,000 b. P180,000

standard production run incurs joint costs of P300,000 and results in 60,000 units of MSB and 90,000 units of CBL. Each MSB sells for P2 per unit, and each CBL sells for P4 per unit. Assuming no further processing work is done after the split-off point, the amount of joint cost allocated to commercial building lumber (CBL) on a physical quantity allocation basis would be: c. P225,000 d. P120,000 a. P75,000 b. P180,000

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Description: standard production run incurs joint costs of P300,000 and results in 60,000 units of MSB and 90,000units of CBL. Each MSB sells for P2 per unit, and each CBL sells for P4 per unit. Assuming no furtherprocessing work is done after the split-off poin

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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