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good day , kindly provide the answers with clear solutions preferrably in excell. thankyou . cost accounting 11. Brandy, Inc. makes two products, wet and
good day , kindly provide the answers with clear solutions preferrably in excell. thankyou . cost accounting
11. Brandy, Inc. makes two products, wet and dry, from a joint operation process. For the month of May, 2008, the total joint costs of processing was 120, 000 and the costs of further processing after the point of split-off, as well as other relevant data, are shown below: C. Wet Dry Units after split-off. 1,600 800 Sales price per unit P200 P 400 Further processing costs P100,000 P 40,000 The company uses the net realizable value method for allocating the joint costs of processing. For the month of May, 2008, the joint cost allocated to product Wet was: P60,000 b. P66,000 c. P72,000 d. P52,800 12. Gone Company manufactures net three products, R, S, and T, in a joint process. For every ten kilos of raw materials input, the output is five Kilos of R, three kilos of S, and two kilos of T. During August, 50,000 kllos of raw materials costing P120,000 were processed and completed, with joint conversion costs of P200,000. Conversion costs are to be allocated to the products on the basis of market values, while materials were based on units produced. To make the products salable, further processing which does not require additional raw materials was done at the following costs. Product R. P 30,000 Product S. 20,000 Product T. 30,000 The unit selling prices are: Product R. P10 Product S. 12 Product.... 15 The unit cost of Product R is: a. P7.12 b. P8.00 c. P10.00 d. P25.32 13. A lumber produces two-by-fours and four-by-eights as joint products and sawdust as a by-product. The packaged sawdust can be sold for P2 per pound. Packaging costs for the sawdust are P.10 per pound and sales commission are 10% of sales price. The by-product net revenue serves to reduce joint processing costs for joint products. Joint products are assigned Joint costs based on board feet. Data follows: Joint processing costs. P 50,000 Two-by-fours produced (board feet). 200,000 Four-by-eights produced (board feet). 100,000 Sawdust produced (pounds)........ 1,000 What is the cost assigned to two-by-fours? a. P32,000 b. P32,133 c. P32,200 d. P33,333Step by Step Solution
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