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Shack Company produces two products from a joint process: X and 2. Joint processing costs for this production cycle are P8,000. Disposal Sales price cost

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Shack Company produces two products from a joint process: X and 2. Joint processing costs for this production cycle are P8,000. Disposal Sales price cost per Further Final sale per yard at yard at processing price per Yards splitvoff split-off per yard yard X 1,500 P500 P3.50 P1.00 P 150 2 2,200 '9.00 5.00 3.00 11.25 If X and Z are processed further, no disposal costs will be incurred or such costs will be borne by the buyer. Required: 1. Using a physical measure, what amount of joint processing cost is allocated to Product X [round to the nearest peso}? 2. Using a physical measure, what amount of joint processing cost is allocated to Product 2 [round to the nearest peso}? 3. Using sales value at split-off, what amount of joint processing cost is allocated to Product X and 2 [round to the nearest peso)? 4. Using net realizable yalue at split-off, what amount of joint processing cost is allocated to Product X and 2 [round to the nearest peso]? 5. Which products would be processed further

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