A Factory produces two products, 'A' and 'B' from a single process. The joint processing costs...
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A Factory produces two products, 'A' and 'B' from a single process. The joint processing costs during a particular month are : Direct Material 30,000 Direct Labour 9,600 Variable Overheads 12,000 Fixed Overheads 32,000 Sales: A-100 units@ 600 per unit; B-120 units @ *200 per unit. 1. Apportion joints costs on the basis of: II. (i) Physical Quantity of each product. (ii) Contribution Margin method, and Determine Profit or Loss under both the methods. A Factory produces two products, 'A' and 'B' from a single process. The joint processing costs during a particular month are : Direct Material 30,000 Direct Labour 9,600 Variable Overheads 12,000 Fixed Overheads 32,000 Sales: A-100 units@ 600 per unit; B-120 units @ *200 per unit. 1. Apportion joints costs on the basis of: II. (i) Physical Quantity of each product. (ii) Contribution Margin method, and Determine Profit or Loss under both the methods.
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Related Book For
Introduction to Management Accounting
ISBN: 978-0133058789
16th edition
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
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