Escolar Documentos
Profissional Documentos
Cultura Documentos
TRUE/FALSE
1. T
2. F
3. F
4. T
5. T
6. T
7. T
8. F
9. T
10.T
MVat SO
4.00
1.75
3.00
2.75
11. T
12, F
13. T
14. T
15. F
Total MV Percentage
80,000
70%
56,000
108,000
66,000
310,000
Page 2
Share in JC
38,750
62,000
69,750
46,500
217,000
Total WF Cost/WF
60,000
.3875
176,000
180,000
144,000
Share in JC
56,000
39,200
75,600
46,200
217,000
Share in JC
23,250
68,200
69,750
55,800
217,000
Share in JC
52,800
46,200
33,000
132,000
Share in JC
66,000
44,000
22,000
132,000
Share in JC
252,000
162,000
36,000
450,000
Addl Cost
88,000
30,000
12,000
130,000
Addl Cost
88,000
30,000
12,000
130,000
Page 3
Total Cost
340,000
192,000
48,000
580,000
Total Cost
313.000
210,000
57,000
580,000
181,000
58,320
122,680
54,000
68,680
c)
180,000
30,000
17,400
17,400
64,800
6,480
58,320
121,680
54,000
67,680
1,000
68,680
2. Revenue from by-product shown as deduction from production cost of main product
Sales
Main product
Less: Cost of goods sold
Materials
Labor
Overhead
Total mfg. cost/cofg manufactured
Less: Rev. from by-product
Net manufacturing cost
Less: Inventory, end
Cost of goods sold
Gross profit
Less: Selling and administrative expenses
Net income
Problem 5 Fisher Company
1,
By-product A
Sales value
P 6,000
Mfg. cost after separation ( 1,100)
Marketing & adm. Exp.
( 750)
Desired profit
( 900)
Share in the joint cost
3,250
30,000
17,400
17,400
64,800
1,000
63,800
6,380
57,420
122,580
54,000
68,580
By-product B
P 3,500
( 900)
( 500)
( 420)
1,680
Page 4
180,000
37,500
( 3,250)
( 1,680)
32,570
2.
Main Product
Sales
75,000
Less: Cost of goods sold
Share in joint cost
32,750
Cost after separation 11,500 44,250
Gross profit
30,750
Less: Marketing & Adm. Exp. 6,000
Net Income
24,750
Product Units
X
8,000
Y
10,000
By-product A
6,000
3,250
1,100
1,680
900
4,350
1,650
750
900
2,580
920
500
420
12,000
( 4.000)
( 2,000)
( 2,000)
4,000
Hypothetical MV
Per Unit
Total HMV
20-5
120,000
25-7
180,000
300,000
Percentage
40%
60%
Share in JC
80,000
120,000
200,000
West
8,500
Total
26,000
3,600
10,080
3,000
3,600
13,080
540 3,060
2,120 10,960
5,440
15.040
1,700
5,200
3,740
9,840
Page 5
Byproduct B
3,500
10,260.00
200
( 20)
180.00
10,080.00
Share in JC
6,480
3,600
10,080
Problem 8
Products
X
Y
Z
Sales value at SO
138,900
69,100
42,000
250,000
Percentage
55.56%
27.64%
16.80%
100.00%
Share in JC
100,000
49,760
_30,240
180,000
6.
7.
8.
9.
10.
D
B
C
A
C
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
Percentage
11.
12.
13.
14.
15.
A
B
C
B
C
D
D
D
A
B
Share in JC
C
C
A
A
B
21.
22.
23.
24.
25.
26.
27.
D
A
C
C
C
D
C