Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. movie equipments inc. has two joint products calle

Movie Equipments Inc. has two joint products called, EX and Y's, and uses the net...

80.2K

Verified Solution

Question

Accounting

Movie Equipments Inc. has two joint products called, EX and Y's, and uses the net realizable value method of allocating joint costs. The total joint costs for the year 2000 amounted to P300,000. During the year, additional processing costs after split-off were P160,000 for EX and P240,000 for Y's. The company produced 16,000 units of EX and 8,000 units of Y's during the year. The selling price for EX is P20 and for Y's is P50. The portion of joint costs allocated to Y's during the year is _____s

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Response 1: Explain the 3 germ layers and tell one part/organ that arises from each layer Response 2: Include...

Psychology
1.2K views

Write a 700-1,000 word essay which describes how you overcame adversity, outlining a specific roadblock through...

General Management
1.2K views

what countries will have a hard time adapting to new automation technology based on their culture...

Physics
1.2K views

Newton's law of gravity describes the gravitational force betweena person and the earth.the sun and...

Physics
1.2K views

4 atoms contains negatively charged particles 32 Graph of total number of a particles scattered...

Basic Math
1.2K views

Suppose you are depositing an amount today in an account that earns 5% interest, compounded...

Calculus
1.2K views

A ball is shot from the ground straight up into the air with initial velocity...

Accounting
1.2K views

Requlred Information [The following information applies to the questions displayed below.] Gabi Gram...

Accounting
1.2K views

Below is an extract from the initial trial balance of Zamzam provided to the auditors...

Accounting
1.2K views

Rainbow Glass Company manufactures decorative glass products. The firm employs a process-costing system for its...

Accounting
1.2K views

you have helped me with the calculations thank you very much. please i want you...

Accounting
1.2K views

Shenandoah Sportswear, Inc. has the following information about units and costs: Using the high-low method,...