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    Mae

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    novimae
    gjugfk

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    Mae

    Uploaded by

    novimae
    22 views6 pages
    gjugfk

    Copyright

    © Attribution Non-Commercial (BY-NC)

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    gjugfk

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    22 views6 pages

    Mae

    Uploaded by

    novimae
    gjugfk

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 6

    1

    Final additional Allocated


    Product units Selling price Total MV Processing NRV Joint Cost
    Bex 1,600 50.00 80,000.00 25,000 55,000.00 16,500
    Rom 800 100.00 80,000.00 35,000 45,000.00 13,500
    Total 100,000.00 30,000
    2
    Final MV - Product K 7,000.00 Joint Cost 54,000
    Less: Further Processing 3,000.00 Less: NRV- product K 4,000
    Net Realizable value 4,000.00 Net joint cost 50,000
    Allocated
    Products Final MV Joint Cost
    K 40,000 26,666.67
    W 35,000 23,333.33
    Total 75,000 50,000.00

    3
    Final Further Allocated Additional Total
    Products Sales Value Processing NRV Joint Cost Processing Production Cost
    Rosal 150,000 50,000.00 100,000.00 62,500 50,000.00 112,500
    Camia 275,000 75,000.00 200,000.00 125,000 75,000.00 200,000
    Santan 225,000 125,000.00 100,000.00 62,500 125,000.00 187,500
    total 400,000.00 250,000 250,000.00 500,000

    4
    Joint cost 250000
    Divide by total production 10000
    Average unit cost 25
    Average Allocated Additional total
    Product Units unit cost Joint cost Processing Production Cost
    Rosal 3,000 25.00 75,000.00 50,000 125,000.00
    Camia 4,000 25.00 100,000.00 75,000 175,000.00
    Santan 3,000 25.00 75,000.00 125,000 200,000.00
    Total 10,000 250,000.00 250,000 500,000.00
    Problem I
    Net Realizable Value Method
    Cost after allocated Cost after total
    Products units selling price Total split-off NRV Joint cost split off Production
    A 1,500 10.00 15,000.00 3,000 12,000.00 8,400 3,000 11,400
    B 2,500 12.00 30,000.00 - 30,000.00 21,000 - 21,000
    C 1,000 15.00 15,000.00 7,000 8,000.00 5,600 7,000 12,600
    Total 50,000.00 35,000 10,000 45,000

    Products Units Sold Unit cost COGS Units Produced Ending Inv. Cost of EI
    A 1,200 7.60 9,120 1,500.00 300 2,280
    B 2,200 8.40 18,480 2,500.00 300 2,520
    C 600 12.60 7,560 1,000.00 400 5,040

    Physical Units Method


    Allocated Cost afer Total Cost Units Produced Cost per Units Sold COGS
    Products units Joint Cost Split-off Production Unit
    A 1,500 10,500.00 3,000.00 13,500 1,500.00 9.00 1,200 10,800
    B 2,500 17,500.00 - 17,500 2,500.00 7.00 2,200 15,400
    C 1,000 7,000.00 7,000.00 14,000 1,000.00 14.00 600 8,400
    Total 5,000 35,000.00 10,000.00 45,000

    Problem IIOwen Company

    Market Value Method


    Units MV at total Allocated
    Products Produced Split-off MV Joint Cost
    A 20,000 4.00 80,000.00 56,000
    B 32,000 1.75 56,000.00 39,200
    C 36,000 3.00 108,000.00 75,600
    D 24,000 2.75 66,000.00 46,200
    Total 112,000 310,000.00 217,000
    Average Unit Cost Method
    Total Joint cost 217,000 Allocated
    Divide by total units produced 112000 Product Weight Joint Cost
    Average Unit Cost Method 1.94 A 300,000 60,000
    B 100,000 20,000
    Units Average Allocated C 100,000 20,000
    Products Produced Unit Cost Joint Cost Total 500,000 100,000
    A 20,000 1.94 38,750
    B 32,000 1.94 62,000 9
    C 36,000 1.94 69,750 Allocated
    D 24,000 1.94 46,500 Products Units Joint Cost
    Total 112,000 217,000 L 60,000 65,000
    M 60,000 65,000
    Total 120,000 130,000
    4
    Additional Allocated Total Sales Value
    Product Sales Processing NRV Joint Cost Less: Total Producion cost
    A 245,000 200,000.00 45,000.00 30,000 Expected Net Income
    B 30,000 - 30,000.00 20,000
    C 175,000 100,000.00 75,000.00 50,000
    Total 150,000.00 100,000

    Net Realizable Value - by product (100,000-30,000) = P70,000


    Allocated
    Product NRV Joint Cost
    A 45,000 26,250.00
    B 75,000 43,750.00
    Total 120,000 70,000.00
    Units Cost Per
    Produced Unit
    1,500 7.6
    2,500 8.4
    1,000 12.6

    Cost of
    End. Inv.
    2,700.00
    2,100.00
    5,600.00
    Additional Total
    Processing Production
    50,000 115,000
    75,000 140,000
    125,000 255,000

    500,000
    255,000
    245,000

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