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 ______________________
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 ______________________
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 ______________________
Transcribed Image Text:If processed further
Units
Sales Value
Sales
Additional
at split-off
P 40,000
Product
Produced
Value
Costs
X
6,000
P55,000 P9,000
Y
4,000
45,000 7,000
35,000
25,000
Z
2,000
30,000 5,000
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