Question
Variety Manufacturing Corporation produces three products made of stainless steel: plates, spoon and forks, and knives. Joint costs for July 2019 total P500,000. Other information
Variety Manufacturing Corporation produces three products made of stainless steel: plates, spoon and forks, and knives. Joint costs for July 2019 total P500,000. Other information are shown below:
|
| Units | Costs After Split-Off | Ultimate Market Value |
| Plates | 3,000 | P100,000 | P300,000 |
| Spoon and fork | 4,000 | 150,000 | 550,000 |
| Knives | 3,000 | 250,000 | 450,000 |
Using the average unit cost method of joint costs allocation, determine the total cost of producing products Plates, Spoon and fork, and Knives, respectively.
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
