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What is the gross profit generated by product a

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Reference no: EM132770448

Paz Manufacturing Company makes three products: A and B were considered main products and C was a by-product. The joint cost was P276,600. It was the company's policy to allocate the joint cost using the net realizable value method and the net realizable value of the by-product was accounted using the realizable value approach.

The following data were given:

Product             Production (lbs)            Sales price per lbs           Separable Costs
A                   220,000                          P6.00                            P320,000
B                  180,000                             P3.00                           P190,000
C                  50,000                                P0.90                             P6,900

Problem 1: What is the gross profit/(gross loss) generated by Product A?

a. 803,703
b. 823,333
c. 830,742
d. 795,111

Reference no: EM132770448

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