Question
An oil refining company produces 2 joint products (gasoline and diesel) and one by-product (ethylene). Complete the missing information in the table below for letters
Product Litres Produced Diesel Total Gasoline 600,000 A B 300,000 300,000 900,000 M Cost () Ethylene 100,000 0 Addition Costs. (/litre) 0.10 0.15 0.01 Total Addition Costs () 60,000 1,000 Sales Total (/litre) Sales () 1.1 1.2 0.02 NRV Total (/litre NRV () 660,000 D 360,000 1.05 2,000 0.01 E 315,000 F
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