The JYD Company processes apples into pies, spread, and dressing. During the second quarter of 2021, the joint cost of processing the apples was P750,000. There were no beginning inventories for the quarter. Production and sales value information for the quarter were as follows: Assume the use of the estimated net realizable value method.   Products   Units Produced    SV @ split-off    Separable costs   Final Selling Price        Ending Units Pies            20,000                    P12/unit                P20/unit                P35/unit                      7,000 Spread      50,000                      15/unit                  10/unit                  28/unit                   24,000 Dressing   25,000                        9/unit                    8/unit                  20/unit                   10,000 The allocated joint cost for product Dressing at the end of the quarter is:   Group of answer choices c. P150,000 a. P250,0000 d. Not given b. P450,000

Sheffield Corp. sells its product for $70 per unit. During 2016, it produced 60,000 units and sold 50,000 units (there was no beginning inventory). Costs per unit are: direct materials $15, direct labor $12, and variable overhead $1. Fixed costs are: $720,000 manufacturing overhead, and $90,000 selling and administrative expenses. The per-unit manufacturing cost under absorption costing is: a. $41 b. $28 c. $40 d. $27

Y Company produces two joint products: Sweet and Sour.  Joint cost is allocated using the net realizable value method at split-off point.  Joint production cost is $70,000.  Neither product is salable at split-off point.  During May, the additional costs incurred beyond split-off point are as follows:                           Sweet                           $ 32,000                         Sour                             $ 48,000   Production:       Sweet: 3,200 units                                Sour: 1,600 units   Selling prices:    Sweet: $50.00 per unit                          Sour:  $ 90.00 per unit   What is the amount of joint cost allocated to Sweet and Sour using the NRV Method at split-off point. (Must show calculations or no credit)                                                               Joint cost allocated to Sweet:  $_____________________________                                                             Joint cost allocated to Sour:…

The company manufactures product X which has a selling price of ₱48 per unit. Unit costs associated with the manufacture and sale of product X based on 30,000 units manufactured and sold each year are: Direct materials→₱10.00; Direct labor→₱6.00; Variable manufacturing overhead→₱5.00; Fixed manufacturing overhead→₱6.00; Variable selling, general and administrative expenses→₱3.00; Fixed selling, general and administrative expenses→₱8.00. The company uses the absorption costing approach to cost-plus pricing . The percentage markup being used to determine the selling price for product X is: a. 100.0% b. 37.5% c. 60.0% d. 40.0%

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Mienfoo Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume: Sales volume (units)         9,500       11,490 Cost of sales   ₱ 731,500   ₱ 884,730 Selling and administrative costs   ₱ 696,000   ₱ 739,780 The company sells the product for ₱134.00 per unit. The best estimate of the TOTAL CONTRIBUTION MARGIN when 10,070 units are sold is  ₱____­­­­­_____________