Submit the word file on or before 2:10 pm to my email. Late papers will not be checked. I will only consider the first file you sent so please review your attachment before sending to me. Problem 1: Xox Company produces two products from a joint process: X and Z. Joint processing costs for this production cycle are P8,000. Inches Sales Price per Inch at Split Off Disposal Cost per Further Inch at Split off processing cost Z 1,500 2200 per inch P6.00 P9.00 P3.50 P5.00 P1.00 23.00 Required: Allocate the joint cost using: (Show complete solutions) 1 Physical measure (10pts) 2. Sales value at split off (10pts) 3 Approximate NRV approach (12pts) Problem 2: YYY Company manufactured joint products X and Y as well as by-product Z Cumulative joints cost data for the period show P204,000, representing 20,000 completed units process through the Refining Department at an average cost of P10.20. Costs are assigned to X and Y by the market value method, which considers further processing costs in subsequent operations. To determine the cost allocation to Z the reversal cost method is used. Additional data are as follows: Quantity Processed Sales price per unit Further processing cost per unit Marketing & administrative expenses per unit Operating profit per unit Z 2,000 P6 P2 P1 Pi 8,000 P20 PS Y 10,000 P25 P7 Required: 1 Compute the joint cost allocated to by product (9pts) 2 Allocate the joint cost to the main product (10pts)