What is the value to be given to product Del? *

1 point

An entity is conducting a joint production at a total costs of P500,000. The joint production results to the following inventories:

Alt Tab Del

Units produced 20,000 units 10,000 units 5,000 units

Selling price at split off P150 P200 P5 off

Alt and Tab are considered main products while Del is considered by-product. The entity considers its by-product as material. The by-product requires additional processing cost per unit of P0.80 and its cost to sell is P0.20 per unit

P25,000

P21,000

P24,000

P20,000

What is the joint cost allocated to product Alt if the company employs physical method? *

1 point

P333,333

P316,667

P317,333

P320,000

What is the joint cost allocated to product Tab if the company employs relative sales value method? *

1 point

P300,000

P200,000

P192,000

P288,000

What is the cost per unit of direct material under average process costing? *

1 point

P10

P9

P8

P7

What is the cost per unit of conversion cost under average process costing? *

1 point

a. P10

b. P9

c. P8

d. P7

What is the cost per unit of direct material under FIFO process costing? *

1 point

P10

P9

P8

P7

What is the cost per unit of conversion cost under FIFO process costing? *

1 point

P5

P9

P8

P7