Questions 3 and 4 are based on the following information: Reeland Inc. which manufactures products X, Y and Z from a joint process. Joint product costs were P60,000. Additional information is provided below: Product Units Produced NXX Y 6,000 4,000 2,000 Sales Value at Split - Off P 40,000 35,000 25,000 If Processed Further Sales Value P 55,000 45,000 30,000 Additional Costs P 9,000 7,000 5,000 3. Assuming that joint product costs are allocated using physical measures (units produced) approach, what were the total costs allocated to product X? 4. Assuming the joint product costs are allocated using the relative sales value at split-off approach, what were the total costs allocated to product Y?

Questions 3 and 4 are based on the following information: Reeland Inc. which manufactures products X, Y and Z from a joint process. Joint product costs were P60,000. Additional information is provided below: Product Units Produced NXX Y 6,000 4,000 2,000 Sales Value at Split - Off P 40,000 35,000 25,000 If Processed Further Sales Value P 55,000 45,000 30,000 Additional Costs P 9,000 7,000 5,000 3. Assuming that joint product costs are allocated using physical measures (units produced) approach, what were the total costs allocated to product X? 4. Assuming the joint product costs are allocated using the relative sales value at split-off approach, what were the total costs allocated to product Y?

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter25: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 4CMA: Oakes Inc. manufactured 40,000 gallons of Mononate and 60,000 gallons of Beracyl in a joint...

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