please answer complete Allocate the joint cost of P 200,000 to product X, Y and Z based on the followinginformation using the four different method of allocation:PRODUCTSYP 2015,00010Selling price per unitUnits of productionWeight per unit (in lbs.)No: of points per unitXP 2225,00089Required: Allocate the joint cost based in the following method.1. Market (relative sales) value method2. Quantitative or physical unit method3. Average unit cost4.Predetermined standard or index of productionZP810,00075

Joint Costs - A joint cost is an expense that benefits more than one product and for which the…

200,000 to product X, Y and Z based on the information using the four different method of allocation: PRODUCTS Y P 20 Selling price per unit Units of production Veight per unit (in lbs.) X P 22 25,000 8 15,000 10 Z P8 10,000 7

200,000 to product X, Y and Z based on the information using the four different method of allocation: PRODUCTS Y P 20 Selling price per unit Units of production Veight per unit (in lbs.) X P 22 25,000 8 15,000 10 Z P8 10,000 7

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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Question

please answer complete

Allocate the joint cost of P 200,000 to product X, Y and Z based on the following
information using the four different method of allocation:
PRODUCTS
Y
P 20
15,000
10
Selling price per unit
Units of production
Weight per unit (in lbs.)
No: of points per unit
X
P 22
25,000
8
9
Required: Allocate the joint cost based in the following method.
1. Market (relative sales) value method
2. Quantitative or physical unit method
3. Average unit cost
4.
Predetermined standard or index of production
Z
P8
10,000
7
5

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