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 Main product(UMK) 860000 by product|UMK) Ly product UMK) 102 000 78 000 Cost after separation 96000 24300 18200 Estimated net profit 25% 25% Percentage to sales value Estimated selling price 20% 5% 10% as a percentage to sales value
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