BSBA Company produced two joint products A and B. and by-products C and D from the...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6654313fd0b38_6636654313f6bfc3.jpg)
Transcribed Image Text:
BSBA Company produced two joint products A and B. and by-products C and D from the same raw materials with joint costs P200,000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced (20.000: 30,000: 5,000 and 5,000); Unit sold (18,000: 25,000 5,000 and 5,000): Final unit selling prices (P25.00; P20.00: #2.00 and P1.50); Further processing costs (P150,000; P210,000: P5,000 and P4,000); Selling and Administrative expenses (P15,000; P21,000; P500 and P400); Desired profit on C and D (P2,000 and P1,500), if the by-products are presented as other income. what is the total amount of net sales and cost of goods sold, respectively? P950,000 and P475.411 P950,000 and P483,011 P957,600 and P475.411 P957,600 and P483,011 BSBA Company produced two joint products A and B. and by-products C and D from the same raw materials with joint costs P200,000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced (20.000: 30,000: 5,000 and 5.000). Unit sold (18,000: 25,000: 5,000 and 5,000): Final unit selling prices (P25.00; P20.00: P2.00 and P1.50); Further processing costs (P150,000; P210,000; P5,000 and P4,000): Selling and Administrative expenses (P15,000; P21,000; P500 and P400); Desired profit on C and D (P2,000 and P1,500). If the joint costs are allocated to by-products using the net realizable value, what is the total profit from by products?* C P1.500 P3.235 P3.500 P3.464 BSBA Company produced two joint products A and B. and by-products C and D from the same raw materials with joint costs P200,000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced (20.000: 30,000: 5,000 and 5,000); Unit sold (18,000: 25,000 5,000 and 5,000): Final unit selling prices (P25.00; P20.00: #2.00 and P1.50); Further processing costs (P150,000; P210,000: P5,000 and P4,000); Selling and Administrative expenses (P15,000; P21,000; P500 and P400); Desired profit on C and D (P2,000 and P1,500), if the by-products are presented as other income. what is the total amount of net sales and cost of goods sold, respectively? P950,000 and P475.411 P950,000 and P483,011 P957,600 and P475.411 P957,600 and P483,011 BSBA Company produced two joint products A and B. and by-products C and D from the same raw materials with joint costs P200,000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced (20.000: 30,000: 5,000 and 5.000). Unit sold (18,000: 25,000: 5,000 and 5,000): Final unit selling prices (P25.00; P20.00: P2.00 and P1.50); Further processing costs (P150,000; P210,000; P5,000 and P4,000): Selling and Administrative expenses (P15,000; P21,000; P500 and P400); Desired profit on C and D (P2,000 and P1,500). If the joint costs are allocated to by-products using the net realizable value, what is the total profit from by products?* C P1.500 P3.235 P3.500 P3.464
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Shady town, U.S.A. has been plagued with a recent crime wave and it is well known to all the residents. The BUGusa, Inc. plant in Shady Town has experienced vandalized vehicles in its parking lot and...
-
Bowers Company purchased merchandise on account from Saunders Corp. for $28,000, terms 1/10, n/30. Bowers returned merchandise with an invoice amount of $5,500 and received full credit. a. If Bowers...
-
Each of these items must be considered in preparing a statement of cash flows for Irvin Co. for the year ended December 31, 2017. For each item, state how it should be shown in the statement of cash...
-
Catt Company has the following internal control procedures over cash disbursements. Identify the internal control principle that is applicable to each procedure. (a) Company checks are prenumbered....
-
Assuming the mass is constant, and considering v1 to be an independent variable expression for the slope of Eq. 7.5
-
John Parsons (123-45-6781) and George Smith (123-45-6782) are 70% and 30% owners, respectively, of Premium, Inc. (11-1111111), a candy company located at 1005 16th Street, Cut and Shoot, TX 77303....
-
Assume a significance level of a = 0.01 and use the given information to complete parts (a) and (b) below. Original claim: The mean pulse rate (in beats per minute) of a certain group of adult males...
-
What are the strengths and weaknesses of the client-centered consulting style and the strengths and weaknesses of the Consultee-centered consultant style strengths and weaknesses? What is an action...
-
Complete the following Machine Code for: 1. Machine code for: SUB CL, [BX][DI]200h (Machine code for SUB=001010). 2. Machine code for: MOV [SI]2304h, 4050h (Machine code for MOV=100010). 3. Encode...
-
What legal issues are involved in the process of delegation? What information is required of the nurse manager to reduce the risk of legal problems?
-
Explain sodium ion-exchange process with a simple diagram. (6 Marks) Write the equations of calcium carbonate and magnesium sulfate removal from hard water using sodium ion-exchange process. ( 2...
-
The Solar System is littered with several kinds of space debris that are related to the planets. The two images above are visual-wavelength photos of asteroids Mathilde and Vesta taken respectively...
-
2019 2018 Cash/Equivalent 15,000,000 12,000,000 Money Market Investment25,000,00050,000,000 Receivable 50,000,00040,000,000 Inventories75,000,00055,000,000 Plant and Equipment150,000,000125,000,000...
-
In many ways, the visions of Boos founders were ideas before their time. Give examples of e-retail techniques that Boo adopted and used to create an engaging online customer experience, which are now...
-
Summarise Sandvik Steels digital business strategy as described in the article.
-
Assume you had sufficient funds to invest in only two of these options. Which two would you choose?
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App