1613 Joint and by Products

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Joint Products-ByProducts


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PROBLEM # 1

1. PROD U.P. USP TSP JT Cost

A 500 40 20,000 8,000B 300 60 18,000 7,200

C 200 35 7,000 2,800

1,000 45,000 18,000


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PROBLEM # 1

2. PROD U.P Ave U.C. JT Cost

A 500 18 9,000B 300 18 5,400

C 200 18 3,600

1,000 18,000


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PROBLEM # 1

3. PROD U.P Points

Weighted

units JT Cost

A 500 5 2,500 7,500B 300 9 2,700 8,100

C 200 4 800 2,400

1,000 6,000 18,000


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PROBLEM # 1

4. PROD U.P. Weight

Total

Weight JT Cost

A 500 4 2,000 6,000B 300 10 3,000 9,000

C 200 5 1,000 3,000

1,000 6,000 18,000


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PROBLEM # 21.

PROD U.P. JT Cost APCTotalCost

A 13,200 66,000 19,800 85,800

B 8,800 44,000 15,000 59,000

C 4,400 22,000 11,000 33,00026,400 132,000 45,800 177,800

2.

PROD U.P.

Total

SV JT Cost APC

Total

CostA 13,200 88,000 52,800 19,800 72,600

B 8,800 77,000 46,200 15,000 61,200

C 4,400 55,000 33,000 11,000 44,000

26,400 220,000 132,000 45,800 177,800


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PROBLEM # 3

PROD SA!S APC "RV #JT

Cost $P

A 115,000 30,000 85,000 80% 68,000 17,000

B 10,000 6,000 4,000 80% 3,200 800

C 4,000 4,000 80% 3,200 800D 30,000 1,000 29,000 80% 23,200 5,800

159,000 37,000 122,000 97,600 24,400

PROD U.P. USP TSP JT Cost GP

A 500,000 0.15 75,000 65,946 9,054

B 10,000 0.50 5,000 4,396 604

C 5,000 0.80 4,000 3,517 483

D 9,000 3.00 27,000 23,741 3,259

524,000 111,000 97,600 13,400


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PROBLEM # 4

PROD U.P. USP TSP APC "RVJT

CostTotalCost

UnitCost

% 1&'(( 1( 1'&((( 3&((( 12&((( )&4(( 11&4(( *.+(

" 2&'(( 12 3(&((( 2&((( 2)&((( 1,&+(( 21&+(( ).+4

O 1&((( 1' 1'&((( '&((( 1(&((( *&((( 12&((( 12.((

'&((( +(&((( 1(&((( '(&((( 3'&((( 4'&(((

PROD

A-tual

Sales

Cost o

Sales

$/oss

P/oit

0nvento/

Value

M 12,000 9,120 2,880 (300*7.60) 2,280 24,000 17,280 6,720 (500*8.64) 4,320

! 12,000 9,600 2,400 (200*12) 2,400

48,000 36,000 12,000 9,000


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PROBLEM # 5

PROD U"0TS USP TSP APC "RV JT Cost Tot Cost

Unit

Cost

A 30,000 1.50 45,000 45,000 36,000 36,000 1.20

B 30,000 3.20 96,000 66,000 30,000 24,000 90,000 3.00

C 60,000 3.15 189,000 114,000 75,000 60,000 174,000 2.90

120,000 330,000 180,000 150,000 120,000 300,000

Cost o" P#o$&t B so'$ 30,000 * 3.00 P 90,000

Cost o" +to#- o" A 10,000*1.2 P 12,000


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PROBLEM # 6PRO!% +

Tot' Jo/t P#o$&t/o Cost P 204,000

ss o" -P#o$&ts

st. SP(6*2,000) 12,000

ss

APC (2*2,000) 4,000

P (1*2,000) 2,000

PM (1*2,000) 2,000 8,000 4,000

t o/t &ost ''o&t$ to /

:#o$&ts P 200,000

A''o&t$ s/; t


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1. C Units Total Cost Sha/e in

P/od P/odu-ed SP %V Ate/ SO "RV # Joint Cost

A )&'(( + '1&((( 1(&2(( 4(&)(( 22&44(

,&*(( ' 4)&'(( 1,&4(( 2,&1(( ''# 1+&(('

C +&,(( 4 2*&+(( +&,(( 2(&*(( 11&3)' ,(&+(( 4,&)3(

2. P/odu-t A P/odu-t P/odu-t C

Sha/e in the oint -ost 22&44( 1+&((' 11&3)'

Cost ate/ s5lit6o 1(&2(( 1,&4(( +&,(( Total -ost 32&+4( 3'&4(' 1)&2)'

MULTIPLECHOICE


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3. A

Total cost 32,640 35,405 18,285

Divide by units produced 8,500 9,00 6,900!ost per unit 3.84 3.65 2.65

"ultiply by units sold 8,400 9,00 6,400

!ost o# sales 32,256 35,405 16,960

4. $!ost per unit 49,830%25,100 & ' 1.985


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5. A Kilos Total Share in

Product Produced SV/Kilo Sales Value Percentae !ointCost

!KA "#$$$ %% ""#$$$ ""& ' 5(#$$$ ) ((#**$!K+ ,#$$$ %$ ,$#$$$ ,$&

!-C %#$$$ ( (#$$$ ($& %$$#$$$ %$$& 5(#$$$

Cost 0er -ilora1 o2 !KA ((#**$/"#$$$ ) 5.3(

. + Sales Additional Share in

Product Value Processin Cost 4V Percentae !ointCost

A ("5#$$$ ($$#$$$ "5#$$$ ,$& + ,$#$$$ 6 ,$#$$$ ($& C %35#$$$ %$$#$$$ 35#$$$ 5$& ' %$$#$$$ 5$#$$$

%5$#$$$ %$$&


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3.C Sales dditional S!are in

Product "alue Processin $ost %R" Percentae Joint$ost

245&''' 2''&''' 45&''' 3()5*

$ 1(5&''' 1''&''' (5&''' 62)5* + ('&''' ,43&(5'

12'&''' 1''*

*.+ 3''&''' ls).5''&''' + 1''&''' , 6'&'''

B 1''&''' ls)

$ 1''&''' ls)

500,000 lbs.


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7.C/otal sales 0 245&''' 3'&''' 1(5&''' 45'&'''

Less Joint cost 0need not e allocated 1''&'''

dditional rocessin cost 3''&''' 4''&'''

%et incoe 5'&'''

%$. C inal $ost S!are in

Product Sales "alue eyond SO %R" Percentae Joint

$ost 7&''' 3&''' 6&''' 66)6(* 4&4''

B 6&''' 3&''' 3&''' )33* 2&2''

7&''' 1''* 6&6''


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%.8

A++A %#$$$ ' ($ ) ,($#$$$ 9 %$#$$$ ) %$#$$$ 5$&A88A *#$$$ ' 5$ ) "$$#$$$ 9 ("$#$$$ ) %$#$$$ 5$& '

,$$#$$$)%5$#$$$ ,($#$$$

(.8

%$#$$$ ' %7#5$$#$$$ ) %$#(,#%5%7#$$$

S 7#$$$ ' %7#5$$#$$$ ) 7#(,#*"(.%%%7#$$$

Classroo1 8rill


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,.AUnit cost of R = 178,000/25,000 = 7.12

Computation of share in conversion cost Kilos Total Share inProd. Produced SP MV :PC 4V & Con;ersion Cost

(5#$$$ %$ (5$#$$$ ,$#$$$ (($#$$$ **#$$$ S %5#$$$ %( %*$#$$$ ($#$$$ %$#$$$ "$& "#$$$ T %$#$$$ %5 %5$#$$$ ,$#$$$ %($#$$$ "*#$$$

5$$#$$$ ($$#$$$Computation of percentage 200,000/500,000 = 40

Computation of share in materia! cost an" tota! cost

Kilos A;erae Share in Share in TotalProd. Produced Cost Material Cost Con;ersion :PC Cost (5#$$$ $#$$$ **#$$$ ,$#$$$ %3*#$$$ S %5#$$$ (."$ ,#$$$ "#$$$ ($#$$$ %($#$$$ T %$#$$$ ("#$$$ "*#$$$ ,$#$$$ %$(#$$$ 120,000 200,000 80,000 400,000

#he most !ogica! $a% of a!!ocating materia!s cost is the average unit cost metho". #heshare in materia! cost is compute" separate!% &ecause as per the pro&!em it is on!%the conversion cost that is to &e a!!ocate" using the net rea!i'a&!e va!ue metho".


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".C

Sales Total cost


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. +

Sales


20/21

3. A

Sales < "$#$$$ ' 3.5$= ,$$#$$$' @ross 0rot rate %(&@ross 0rot 2or ota ,#$$$

*. ASales ($$#$$$@ross 0rot


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7. +

Sales ,$$#$$$@ross 0rot < ,#$$$

Se0ara?le cost

1613 Joint and by Products

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