Solution-What were the total costs allocated to product Y

What were the total costs allocated to product Y

Assignment Help Cost Accounting

Reference no: EM132862293

Question - Yvonne, Inc., which manufactures products X, Y and Z from a joint process. Joint product costs were P60,000. Additional Information was provided below.

Product-Units Produced-Sales Value at Split-Off-If Processed Further Sales Values-Additional Costs

X 6,000 P40,000 P55,000 P9,000

Y 4,000 P35,000 P45,000 P7,000

Z 0 P25,000 P30,000 P5,000

Assuming that joint product costs are allocated using the relative sales value at split-off approach, what were the total costs allocated to product Y?

Reference no: EM132862293

Questions Cloud

What is meant by the panel on world economy : What is meant by the Panel on World Economy? Do we really need an additional world body to oversee globalization?

Calculate the break-even point in units : At Branson Corporation, the selling price per unit is $800 and variable cost per unit is $500. Calculate the break-even point in units

Fertility drugs and ovarian cancer : Stanford University medical researchers conducted a study on the correlation between the use of fertility drugs and ovarian cancer.

Commuting time for people in minneapolis : The US Census Bureau reports that the average commuting time for people in Minneapolis

What were the total costs allocated to product Y : Assuming that joint product costs are allocated using the relative sales value at split-off approach, what were the total costs allocated to product Y

Identify two specific ongoing initiatives : Identify two specific ongoing initiatives you would implement at the clinic to ensure cultural competence and confront bias in an effort to ensure quality care

What positions report to system administrator : What positions report to System Administrator and who do system Administrator report to?

What are the roles of brokerage firm and intermediary : In its traditional role, why is a stock brokerage firm not considered a financial intermediary? What are the roles of a brokerage firm and an intermediary?

Distinguish cash discounts and trade discounts : What is the general rule as to what goods shall be included in inventory? Distinguish cash discounts and trade discounts

User Account

All Pages

What were the total costs allocated to product Y

Reference no: EM132862293

Reference no: EM132862293

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT