Solution-Calculate the manufacturing cost before separation

Calculate the manufacturing cost before separation

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Reference no: EM133055446

Question - Better Man Inc. manufactures one main product and two by-products. Data for July are:

Main Product By-ProductT By-ProductV

Total Sales P150,000 P12,000 P7,000 P169,000

Manufacturing cost before separation 75,000

Manufacturing cost after separation 23,000 2,200 1,800 27,000

Marketing and administrative expense 12,000 1,700 1,500 14,600

Profit allowed for By-Product T is 20% of sales and for By-Product V is 15% of sales.

Required -

1. Calculate the manufacturing cost before separation that is to be charged to By-Products T?

2. Prepare an income statement detailing sales and costs for each product.

Reference no: EM133055446

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Calculate the manufacturing cost before separation

Reference no: EM133055446

Reference no: EM133055446

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