Question: Activity 2 - De Leon, Prob 8, Chap 11 A company manufactures three products in a joint production process. The three products X, Y

Activity 2 - De Leon, Prob 8, Chap 11 A company manufactures three products in a joint production process. The three products X, Y and Z. No by-product is produced in the process. Additional information follows: Units produced Joint costs Prod X 10,000 Prod Y 6,000 Prod Z Total 4,000 20,000 P99,000 a b P180,000 d P 50,000 P250,000 Sales value at Split-off c Additional cost to process further P16,000 P12,000 P 6,000 P 34,000 Sales value if processed further P160,000 P80,000 P 60,000 P300,000 Activity 2-De Leon, Prob 8, Chap 11 The company allocates joint cost using the net realizable value method. Required: Fill in the missing information as indicated by the letters.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Answer a P 144000 b P 68000 c P 50000 d P 250000 Explanation Step 1 Calcu... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

OpenSeas , Inc. is evaluating the purchase of a new cruise ship. The ship will cost $ 5 0 4 million and will operate for 2 0 years. OpenSeas expects annual cash flows from operating the ship to be $...

Analyze whether paralegals should engage in social media and explain why. Provide a brief example of how confidentiality of a client can be breached on social media by a paralegal.

Which are the two categories of forecasting models? Select answer from the options below Quantitative and multivariate models Qualitative and judgmental models Qualitative and quantitative models...

Given that, VDD = 5V, VTN = 0.4 V, kn = 100 A/V, An = 0.02 V-, () = 80, R = 4 kN, R = 0.5 MN, R3 = 4.5 M, and assume that the current through R and R3 is negligible compared to IDs. 1) Find Vo. For...

The paper Total Diet Study Statistics on Element Results (Food and Drug Administration, April 25, 2000) gave information on sodium content for various types of foods. Twenty-six tomato catsups were...

Read the case study LEGO 1-1. Answer the following questions: 1. How did the information systems and the organization design changes implemented by Knudstorp align with the changes in business...

Use the plot of the standardized Pearson residuals versus the observation index given in Figure 10.13 to answer the following questions. (a) Does this residual plot suggest there are observations for...

Refer to the information for Deporte Company above. Deporte Company produces single-colored t-shirts. Materials for the shirts are dyed in large vats. After dying the materials for a given color, the...

Assuming CodeDeploy is being used to perform a daily update on an application, which of the following deployment scenarios would be optimal to ensure minimal downtime? Answer choices Select an option...

A residential project has the following information: Four major activities are scheduled across a 4-month time span (shown in the below bar chart). Assuming the monthly indirect cost (i.e., site...

Byron Books Inc. recently reported $12 million of net income. Its EBIT was $27.7 million, and its tax rate was 25%. What was its interest expense? (Hint: Write out the headings for an income...

(11) The CPF Payable account has an opening balance of $5,600, and the amount due to the CPF Board is being paid on the last day of the month.

Tom learned to ask questions in math class, but he never learned to ask questions in English or history class. The problem is that "asking questions" did not demonstrate A Generality B Technology C...

1. Precision Engineering Inc. (PEI) is a small manufacturer of precision tools used to construct research equipment for engineering departments at colleges and universities. It sells its two main...

Which of the following is most closely aligned with the concept of psychological safety? 1 point Leader is responsible for making the employee comfortable at all times. Leader ignores bad behavior in...

Continue Mini Case 1 (the Accounting Cycle Part 1), the following information is available for FastForward in September that may need adjustments.[1] By the end of September, FastForward has provided...

On January 1, Year 1, KASE issues $200,000 of 8%, 5-year bond, dated 1/1/20X1, which matures 1/1/20X6, and must pay interest twice a year (semi-annually) every first of July and first of January The...

Design an experiment to demonstrate that RNA transcripts are synthesized in the nucleus of eukaryotes and are subsequently transported to the cytoplasm.

Would Southern Aircraft record the lease as an operating or capital lease? Why?

Select either a named type of talk (flirt, gossip, introductions, trash talk, and so forth) or a specific situation (eating out, a funeral, the classroom, Thanksgiving dinner, and so forth) within a...

LEASES Southern Airlines has leased an aircraft from BAL Aircraft Company. The annual payments are $1,000,000, and the life of the lease is 18 years. It is estimated that the useful life of the...