Jean Company produces four products, which have a manufacturing cost of P672,000 at the split-off point. Data pertaining to these products follow: Sales Value at Units Weight Factors Product Split-off per unit 36.00 Produced A 20,000 32,000 36,000 24,000 9. 10.50 16.5 18.00 15 16.50 18 Required: Allocate the total joint cost, using: 1. Average unit cost method or Physical output method 2. Market Value method or relative sales value method 3. Weighted Average Method

Jean Company produces four products, which have a manufacturing cost of P672,000 at the split-off point. Data pertaining to these products follow: Sales Value at Units Weight Factors Product Split-off per unit 36.00 Produced A 20,000 32,000 36,000 24,000 9. 10.50 16.5 18.00 15 16.50 18 Required: Allocate the total joint cost, using: 1. Average unit cost method or Physical output method 2. Market Value method or relative sales value method 3. Weighted Average Method

Name: Problem 2: Joint Cost AllocationJean Company produces four products,
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Description: Problem 2: Joint Cost AllocationJean Company produces four products, which have a manufacturing cost ofP672,000 at the split-off point. Data pertaining to these products follow:Sales Value atUnitsWeightFactorsProductSplit-off per unit36.00ProducedA2

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Problem 2: Joint Cost Allocation Jean Company produces four products, which have a manufacturing cost of P672,000 at the split-off point. Data pertaining to these products follow: Weight Factors Sales Value at Units Produced Split-off per unit 36.00 Product 9. 20,000 32,000 36,000 24,000 А 16.5 10.50 18.00 15 16.50 18 Required: Allocate the total joint cost, using: 1. Average unit cost method or Physical output method 2. Market Value method or relative sales value method 3. Weighted Average Method BCD
Problem 2: Joint Cost Allocation Jean Company produces four products, which have a manufacturing cost of P672,000 at the split-off point. Data pertaining to these products follow: Weight Factors Sales Value at Units Split-off per unit 36.00 Product Produced 20,000 32,000 36,000 24,000 A 9. B 10.50 16.5 C 18.00 15 D 16.50 18 Required: Allocate the total joint cost, using: 1. Average unit cost method or Physical output method 2. Market Value method or relative sales value method 3. Weighted Average Method
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