Solution-What amount of joint processing cost is allocated

What amount of joint processing cost is allocated to product

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Reference no: EM133095469

Question - La Loma Company produces four solvents from the same process: Wan, Tu, Tri, Por. Joint production costs are as follows: Materials - P4,000; Labor - P3,000; Overhead- P2,000

	Barrels	Sales price per barrel at split- off	Disposal cost per barrel at split- off	Further processing costs	Final sales price per barrel
Wan	750	P10	P6.50	P2.00	P13.50
Tu	1,000	8	4.00	2.50	10.00
Tri	4,000	11	7.00	4.00	15.50
Por	2,000	15	9.50	4.50	19.50

If La Loma sells the products after further processing, the following disposal costs will be incurred: C, P2.50; D, P1.00; E, P3.50; G, P6.00. (Round all answers to the nearest peso)

Using a physical measurement method, what amount of joint processing cost is allocated to Product Wan?

Reference no: EM133095469

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What amount of joint processing cost is allocated to product : Wan, Tu, Tri, Por Joint production costs are as follows: Materials - P4,000; Labor - P3,000; Overhead- P2,000. What amount of joint processing cost is allocated

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What amount of joint processing cost is allocated to product

Reference no: EM133095469

Reference no: EM133095469

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