Compute for the joint cost allocated to Reta. Land Company produces joint products Jana and Reta, together with by-product Bynd, Jana is sold at split-off, but Reta and Bynd undergo additional...

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Extracted text: Compute for the joint cost allocated to Reta. Land Company produces joint products Jana and Reta, together with by-product Bynd, Jana is sold at split-off, but Reta and Bynd undergo additional processing. Production data pertaining to these profacts follow: Jana Reta Bynd Total Joint costs: Variable Fixed Separable costs: Variable Fixed Profit P88,000 148,000 P120,000 P3,000 123,000 90,000 92,000 1,000 1,000 40,000 10,000 P 1.10 There is no beginning or ending inventories. Production (lbs.) 50,000 Sales price/lbs. 100,000 P 4.00 P 7.50 No materials are spoiled in production.