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  • Bangayan, Melody D. Assignment 4

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    Melody Domingo Bangayan
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    The document summarizes the allocation of joint manufacturing costs of P 21,000 between two products, Blue Covy and Red Rapid, produced in quantities of 10,000 kilos each. Using the physical units method, the joint costs are allocated based on the ratio of each product's kilos to total kilos produced. Each product is allocated P 10,500 of the joint costs, resulting in a cost of P 1.05 per kilo for both Blue Covy and Red Rapid.

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    BANGAYAN, MELODY D. ASSIGNMENT 4

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    The document summarizes the allocation of joint manufacturing costs of P 21,000 between two products, Blue Covy and Red Rapid, produced in quantities of 10,000 kilos each. Using the physical units method, the joint costs are allocated based on the ratio of each product's kilos to total kilos produced. Each product is allocated P 10,500 of the joint costs, resulting in a cost of P 1.05 per kilo for both Blue Covy and Red Rapid.

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    © All Rights Reserved
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    20 views1 page

    Bangayan, Melody D. Assignment 4

    Uploaded by

    Melody Domingo Bangayan
    The document summarizes the allocation of joint manufacturing costs of P 21,000 between two products, Blue Covy and Red Rapid, produced in quantities of 10,000 kilos each. Using the physical units method, the joint costs are allocated based on the ratio of each product's kilos to total kilos produced. Each product is allocated P 10,500 of the joint costs, resulting in a cost of P 1.05 per kilo for both Blue Covy and Red Rapid.

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    BANGAYAN, MELODY D. PROF.

    EDELWIN FAJUTAGANA

    ACCTG 021- ACTCY31S1 October 28, 2020

    ASSIGNMENT 4

    The following information relates to the cost and production for the First Department of
    the Swab Manufacturing Company for the month of August 2019:

    The total manufacturing cost applicable to Blue Covy and Red Rapid in this department
    were P 21,000.
    1. What is the amount of joint costs to be allocated to each kilo of each product using
    the Physical Units (Kilos)?

    Physical Measures Method

    Blue Covy Red Rapid Total


    1.) Physical Measures (Kilos) 10,000 10,000 20,000
    2.) Ratio
    Blue Covy (10,000 / 20,000) 50%
    Red Rapid (10,000 / 20,000) 50% 100%
    3.) Allocated Joint Costs
    Blue Covy (50% x 21,000) 10,500
    Red Rapid (50% x 21,000) 10,500 21,000
    4.) Joint Cost Per Pieces
    Blue Covy (10,500 / 10,000) P 1.05 / kilo
    Red Rapid (10,500 / 10,000) P 1.05 / kilo

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