Problem 1: QTix Company produces 4 products, which have a manufacturing cost of P224,000 at the split-off point. The following information are as follows regarding the products KK, LL, MM and NN: Separate Costs after Split-Off Product Units Produced Sales price per unit @ Split Off Disposal/Separate cost at Split-Off (Marketing cost that will be incurred whether the product is sold at split- off or processed Separate costs if processed further Total Ultimate/Final Sale Price (per unit) if processed further further) KK 20,000 P12.00 P18,000 P22,000 P40,000 P15.00 LL 32,000 P3.50 P14,000 P11,000 P25,000 P5.00 MM 36,000 P6.00 P16,000 P14,000 P30,000 P8.00 NN 24,000 5.50 P12,000 P9,000 P21,000 P7.00 1 How much is the share in joint cost for Product KK under the physical output method? 2 Using the sales value at split-off point approach, compute the joint cost allocated to Product MM. 3 Using the net realizable value approach, compute the joint cost allocated to Product NN. 4 Using the estimated net realizable value approach, how much is the unit cost of Product KK. Problem 2: A manufacturing company uses a joint production process that produces 3 products at the split-off point. Joint production costs during April were P720,000. The company uses the sales value method for allocating joint costs. Additional information are as follows: Units produced Units sold Sales prices At split-off Product R S T 2,500 5,000 7,500 2,000 6,000 7,000 P100 P80 P20 After processing further P150 P115 P30 Costs to process after split off P150,000 P150,000 P150,000 5 What is the total cost of Product S in April if joint cost allocation is based on sales value at split-off?