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Cash Co makes AA and CC from a basic raw materials. For the year 2020, the all inclusive cost of the basic process amounted to
Cash Co makes AA and CC from a basic raw materials. For the year 2020, the all inclusive cost of the basic process amounted to P960,000 which was allocated on the basis of relative number of units produced. Additional data for the year 2020 are given below: CC 160,000 80,000 P5.00 P7.00 Units Produced Unit selling price at Split off Unit selling price after additional Process Additional processing cost P8.00 P14.00 P640,000 P400,000 The all-inclusive joint costs should be allocated to AA on what ratio (convert to percentage and round off to two decimal places)
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