Question
The Tai Che company produced three joint products at a joint cost of 132,000. Product Units produced Sales value A 13,200 121,000 B 8,800 99,000
The Tai Che company produced three joint products at a joint cost of 132,000.
Product Units produced Sales value
A 13,200 121,000
B 8,800 99,000
C 4,400 66,000
Total 26,400 286,000
1.Using Physical Method of dividing the joint cost, what is the cost allocated for product A?
| a. | P62,000 | |
| b. | P66,000 | |
| c. | P63,000 | |
| d. | P65,000 |
2. Using Physical Method of dividing the joint cost, what is the cost allocated for product B?
| a. P44,000 | ||
| b. P45,000 | ||
| c. P46,000 | ||
| d. P47,000 |
3. Using Physical Method of dividing the joint cost, what is the cost allocated for product C?
| a. P33,000 | ||
| b. P11,000 | ||
| c. P44,000 | ||
| d. P22,000 |
4. The Tai Che company produced three joint products at a joint cost of 132,000.
Product Units produced SV@SO
A 13,200 88,000
B 8,800 77,000
C 4,400 55,000
Total 26,400 220,000
*SV=Sales Value; SO=Split Off
Using Sales Value at Split-Off of dividing the joint cost, what is the cost allocated for product C?
| a. P33,000 | ||
| b. P11,000 | ||
| c. P44,000 | ||
| d. P22,000 |
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Sarbanes Oxley And The New Internal Auditing Rules
Authors: Robert R. Moeller
1st Edition
0471483060, 978-0471483069
