I. Allocating the joint cost using:A. Physical Measure or Value/Average Unit Cost/Production Output Method,determine the:1. The average unit cost amounted to:2. The share in joint cost for Product JP-12 amounted to:B. Weighted Average Method or Survey method, determine the:3. The joint cost per weight factor4. The share in joint cost for Product JP-25 amounted to:C. Sales/Market Value at Split-off point Approach (Sales Revenue), determinethe:5. The percentage of joint cost to sales value:6. The share in joint cost for Product JP-79 amounted to:D. Net Realizable Value at Split-off Point Approach, determine the:7. The percentage of joint costs to net realizable value (NRV) at split-off:8. The share in joint cost for Product JP-12 amounted to:E. Approximated (Estimated) Net Realizable Value at Split-off or HypotheticalMarket Value Approach, determine the:9. The percentage of joint costs to approximated/estimated NRV at split-off:10. The unit cost for Product JP-25 amounted to:

Allocating joint costs to products using a value basis method is based on their relative:Multiple ChoiceTotal costs.Variable costs.Sales values.Direct costs.Gross margins.

Fundamentals of Cost and Management Accounting (Study Text) 251 | P a g e Product A Product B Units of output 2,000 8,000 Price per unit Rs 5 Rs 2.50 Required: Calculate the cost of sales, and gross profit for products A and B assuming: (i) Joint costs are apportioned by market value (ii) Joint costs are apportioned by production units.

DEF Corporation engages in a joint production process that incurs total costs of $400,000. This process results in the creation of two products: Product M and Product N. The production quantities and net realizable values per unit are as follows:Product M: 8,000 units sold for $7 per unitProduct N: 12,000 units sold for $4 per unitUsing the net realizable value method of apportionment, determine the cost per unit of Product M.Question 1Answera.$23.07b.$91.50c.$26.92d.$92.86

The total cost per unit of MOH allocated to each product will be _________________when using traditional costing or ABC.Select answer from the options belowthe same or differentthe sameundetermineddifferent

The Mallak Company produced three joint products at a joint cost of $181,600. Two of these products were processed further. Production and sales were:Product Weight Sales Additional Processing CostsP 417,000 pounds $ 333,600 $ 250,200Q 180,000 pounds 54,000 0R 180,000 pounds 315,000 180,000If the estimated net realizable value method is used and product Q is accounted for as a main product, how much of the joint costs would be allocated to product R?Note: Do not round intermediate calculations.Multiple Choice$90,000$81,667$78,889$102,500