41.)

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Ford Coley company processes raw material in Department 1 from which come two main products, A and B, and a by-product, C. A is further processed in Department 2, B in Department 3, and C in Department 4. The sales of the by-product reduces the cost of the main products, and sales value is used to allocate joint costs. Dept 1 Dept 2 Dept 3 Dept 4 Cost Incurred: P90,000 P10,000 P8,000 P10,000 Production: A 10,000lbs. B 20,000lbs. U 10,000lbs. Selling Price: A A P10/lb. B B P5/lb. P2/lb. Compute the unit cost of B Question 45 2 pts La Loma Company produces four solvents from the same process: Wan, Tu, Tri, Por. Joint production costs are as follows: Materials - P4, 000; Labor - P3,000; Overhead- P2,000 Sales price Disposal cost Further Final sales per barrel at per barrel at processing price per split-off split-off costs barrel Barrels Wan 750 P10 P6.50 P2.00 P13.50 Tu 1.000 8 4.00 2.50 10.00 Tri 4.000 11 7.00 4.00 15.50 Por 2,000 15 9.50 4.50 19.50 If La Loma sells the products after further processing, the following disposal costs will be incurred; C, P2.50: D, P1.00: E, P3.50; G, P6.00. (Round all answers to the nearest peso) Using net realizable value at split- off, what amount of joint processing cost is allocated to Product Tri? Question 45 2 pts La Loma Company produces four solvents from the same process: Wan, Tu, Tri, Por. Joint production costs are as follows: Materials - P4, 000; Labor - P3,000; Overhead- P2,000 Sales price Disposal cost Further Final sales per barrel at per barrel at processing price per split-off split-off costs barrel Barrels Wan 750 P10 P6.50 P2.00 P13.50 Tu 1.000 8 4.00 2.50 10.00 Tri 4.000 11 7.00 4.00 15.50 Por 2,000 15 9.50 4.50 19.50 If La Loma sells the products after further processing, the following disposal costs will be incurred; C, P2.50: D, P1.00: E, P3.50; G, P6.00. (Round all answers to the nearest peso) Using net realizable value at split- off, what amount of joint processing cost is allocated to Product Tri? Question 45 2 pts La Loma Company produces four solvents from the same process: Wan, Tu, Tri, Por. Joint production costs are as follows: Materials - P4, 000; Labor - P3,000; Overhead- P2,000 Sales price Disposal cost Further Final sales per barrel at per barrel at processing price per split-off split-off costs barrel Barrels Wan 750 P10 P6.50 P2.00 P13.50 Tu 1.000 8 4.00 2.50 10.00 Tri 4.000 11 7.00 4.00 15.50 Por 2,000 15 9.50 4.50 19.50 If La Loma sells the products after further processing, the following disposal costs will be incurred; C, P2.50: D, P1.00: E, P3.50; G, P6.00. (Round all answers to the nearest peso) Using net realizable value at split- off, what amount of joint processing cost is allocated to Product Tri