BSBA Company produced two joint products A and B. and by-products C and D from the same raw materials with joint costs P200,000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced (20.000: 30.000: 5,000 and 5,000); Unit sold (18.000: 25.000: 5.000 and 5,000): Final unit selling prices (P25.00: P20.00: P2.00 and P1.50); Further processing costs (P150,000; P210.000: P5.000 and P4.000); Selling and Administrative expenses (P15,000; P21.000; P500 and P400); Desired profit on Cand D (P2.000 and P1,500). If the by-products are presented as other income. what is the total amount of net sales and cost of goods sold, respectively? P950,000 and P475411 P950,000 and P483,011 P957,600 and P475,411 P957,600 and P483,011 ESBA Company produced two joint products A and B, and by-products C and D from the same raw materials with joint costs P200.000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced (20.000: 30.000: 5.000 and 5.000): Unit sold (18,000; 25,000: 5,000 and 5.000): Final unit selling prices (P25.00; P20.00; P2.00 and P1.50): Further processing costs (P150.000; P210.000; P5.000 and P4,000); Selling and Administrative expenses (P15.000; P21.000; P500 and P400); Desired profit on C and D (P2.000 and P1.500). If the joint costs are allocated to by-products using the net realizable value, what is the total profit from by products? P1.500 P3.235 P3,500 P5,464
BSBA Company produced two joint products A and B. and by-products C and D from the same raw materials with joint costs P200,000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced (20.000: 30.000: 5,000 and 5,000); Unit sold (18.000: 25.000: 5.000 and 5,000): Final unit selling prices (P25.00: P20.00: P2.00 and P1.50); Further processing costs (P150,000; P210.000: P5.000 and P4.000); Selling and Administrative expenses (P15,000; P21.000; P500 and P400); Desired profit on Cand D (P2.000 and P1,500). If the by-products are presented as other income. what is the total amount of net sales and cost of goods sold, respectively? P950,000 and P475411 P950,000 and P483,011 P957,600 and P475,411 P957,600 and P483,011 ESBA Company produced two joint products A and B, and by-products C and D from the same raw materials with joint costs P200.000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced (20.000: 30.000: 5.000 and 5.000): Unit sold (18,000; 25,000: 5,000 and 5.000): Final unit selling prices (P25.00; P20.00; P2.00 and P1.50): Further processing costs (P150.000; P210.000; P5.000 and P4,000); Selling and Administrative expenses (P15.000; P21.000; P500 and P400); Desired profit on C and D (P2.000 and P1.500). If the joint costs are allocated to by-products using the net realizable value, what is the total profit from by products? P1.500 P3.235 P3,500 P5,464
Chapter10: Short-term Decision Making
Section: Chapter Questions
Problem 12PB: Laramie Industries produces two joint products, H and C. Prior to the split-off point, the company...
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Transcribed Image Text:BSBA Company produced two joint products A and B. and by-products C
and D from the same raw materials with joint costs P200,000. The entity
uses net realizable value in allocating joint costs to joint products. Other
information are as follows: Units produced (20.000: 30.000: 5,000 and
5,000); Unit sold (18.000: 25.000: 5.000 and 5,000): Final unit selling
prices (P25.00: P20.00: P2.00 and P1.50); Further processing costs
(P150,000; P210.000: P5.000 and P4.000); Selling and Administrative
expenses (P15,000; P21.000; P500 and P400); Desired profit on Cand D
(P2.000 and P1,500). If the by-products are presented as other income.
what is the total amount of net sales and cost of goods sold, respectively?
P950,000 and P475411
P950,000 and P483,011
P957,600 and P475,411
P957,600 and P483,011
ESBA Company produced two joint products A and B, and by-products C
and D from the same raw materials with joint costs P200.000. The entity
uses net realizable value in allocating joint costs to joint products. Other
information are as follows: Units produced (20.000: 30.000: 5.000 and
5.000): Unit sold (18,000; 25,000: 5,000 and 5.000): Final unit selling
prices (P25.00; P20.00; P2.00 and P1.50): Further processing costs
(P150.000; P210.000; P5.000 and P4,000); Selling and Administrative
expenses (P15.000; P21.000; P500 and P400); Desired profit on C and D
(P2.000 and P1.500). If the joint costs are allocated to by-products using
the net realizable value, what is the total profit from by products?
P1.500
P3.235
P3,500
P5,464
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