What is the total costs of by products

Assignment Help Cost Accounting
Reference no: EM133112034

Question - 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 C and D (P2,000 and P1,500). If the joint costs are allocated to by-products using the reversal cost method, what is the total costs of by products?

a. P11,136

b. P12,036

c. P13,100

d. P14,000

Reference no: EM133112034

Questions Cloud

What is liquidity : What is liquidity? Why and when would a firm look to hold cash? What is the greater risk and organization faces from a cash management perspective?
Find new capital structure : Firm X is an all-equity firm that has 200,000 shares of stock outstanding that trades at $25.00 per share. The company is borrowing $1.25 million at 5.50 percen
Journalize these transactions in a two-column journal : Journalize these transactions in a two-column journal, using the appropriate number to identify the transactions. If an amount box does not require an entry
What is the value of the firm to the equity holders : A regional firm has current market valuations of $250,000 in a boom and $90,000 in a recession. The chance of a boom is 60 percent with the remainder assigned t
What is the total costs of by products : Desired profit on C and D (P2,000 and P1,500). If the joint costs are allocated to by-products using the reversal cost method, what is total costs of by product
Project discounted payback period : You have just started your new position as a finance manager is Visible Inc. Your colleague presents you with the following cash flows of a proposed project (al
Record the transactions on the t-account worksheet : Received $940 in bills for electricity, water and telephone, to be paid next month. Record the transactions on the T-Account worksheet
Find the cost of capital for the company : As the first task in your finance internship, you have been asked to find the cost of capital (WACC) for a company. The company has two main sources of capital
Current spot exchange rate : Based on the rate quoted, United States is now giving the annual interest rate of 6.5% and United Kingdom is quoted 8.5%. The spot exchange rate is $1.87/£ and

Reviews

Write a Review

Cost Accounting Questions & Answers

  Service department residual income if the investment

The new machine is expected to have a 10% return. What will be the service department's residual income if the investment is accepted?

  Find cost assigned to ending inventory and to cost of goods

Laker Company reported the following January purchases and sales data for its only product. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.

  What is mel cost to produce gallons of product

Product Y requires an additional process beyond split-off at cost of Php5 per gallon before can be sold. What is Mel's cost to produce 1,000 gallons of Product

  Compute the cost of solvent transferred

The production supervisor estimates that the ending work in process is 60 percent complete. Compute the cost of solvent transferred to finished goods and the amount in work-in-process ending inventory as of November 30.

  Compute equivalent production using fifo and average method

Compute the equivalent production using FIFO and Average Method, Work in process beginning: 6,000 units, 1/2 completed; 9,000 units, 1/3 completed

  Utilize the related function in an electronic spreadsheet

Utilize the appropriate future value or present value table, and calculate the requested amount. Then, if available, utilize the related function in an electronic spreadsheet (or financial calculator) to verify your calculation.

  How do determine break even point in units

Determine break even point in units and break even point sales? Assume that the socks shop can purchase socks for $32 from a local factory

  Prepare journal entries to record the 2014 transactions

At December 31, 2013, Crawford Company had a balance of $15,000 in Allowance for Doubtful Accounts. During 2014, Crawford wrote off accounts totaling $14,100.

  What is Idaho cost to produce Product B

Product B requires an additional process beyond split-off at cost of P2 per gallon before it can be sold. What is Idaho cost to produce 1,000 gallons of Product

  Compute the simple rate of return for 2009

The Marcus Corporation purchased a piece of new equipment in January 2009 for $120,000. The equipment was depreciated using the straight line method over an 8 year life without a salvage value.

  Developing an argument for and against spending time

Discuss the statement above, developing an argument for and against spending time putting together detailed budgeting schedules rather than improving

  Determine the Budgeted cash receipts for October

The regular pattern of collection of credit sales is 20% in the month of sale, Determine the Budgeted cash receipts for October

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd