SFC Company is in the manufacturing process of wooden products and makes several wooden items. The...
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SFC Company is in the manufacturing process of wooden products and makes several wooden items. The following is the information related to three products manufactured by SFC company: Product X, Y, and Z. The joint costs of the three products in 2015 were SAR 110,000. The total number of units for each product and the selling price per unit is given below: Products X Y Z Units Selling Price per unit 5,000 SAR 150 3,500 2,200 SAR 125 SAR 100 Using the physical volume method and sales value at the split-off method, allocate the joint costs to each product. SFC Company is in the manufacturing process of wooden products and makes several wooden items. The following is the information related to three products manufactured by SFC company: Product X, Y, and Z. The joint costs of the three products in 2015 were SAR 110,000. The total number of units for each product and the selling price per unit is given below: Products X Y Z Units Selling Price per unit 5,000 SAR 150 3,500 2,200 SAR 125 SAR 100 Using the physical volume method and sales value at the split-off method, allocate the joint costs to each product.
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Joint Cost It is the cost incurred jointly in the manufacture of two or more joint products Joint Pr... View the full answer
Related Book For
Advanced Accounting
ISBN: 9780132568968
11th Edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
Posted Date:
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