Question
A company processes the incidental waste into two by products A and B along with the production of main product. From the following data relating
A company processes the incidental waste into two by products A and B along with the production of main product. From the following data relating to the products you are required to prepare a comparative profit and loss statement showing the individual cost and other details. The total cost up to separation period was OMR. 3,60,200. Particulars Sales Cost after separation Estimated net profit Percentage to sales value Estimated selling price as a percentage to sales value Main product(UMK) 860000 by product(UMK) By product(UMK) 96000 102 000 24300 78 000 18200 25% 25% 20% 5% 10%
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