ASAP

M/S ABC and company produces 5 joint products together from a single raw material. During the current period 15000 units of Product A were manufactured, 25000 units of B were manufactured, 10000 units of C were manufactured, 35000 units of product D were manufactured and 40000 units of E were manufactured. Joint cost was 250000. They can be sold @ 10, 12, 6, 8and 15 respectively Rs. Per unit at the time of split off. If market value method is applied what contribution each product will acquire from this joint cost? B) Lets assume that these products cannot be sold without incurring after split off cost. Following would be the after split off costs for each product. A = 2000, B = 5000, C = 9000, D = 6000 and E = 4000. After incurring after split off costs new market values would be A= 13, B = 25, C 30, D = 12 and E = 14. What contribution of joint cost would be shared by each joint product using hypothetical market value method A) Products Units MP Market value Ratios Joint cost 26978.42 A 15000 10 150000 0.107914 B 12 25000 10000 35000 0.215827 0.043165 6 300000 60000 280000 600000 53956.83 10791.37 50359.71 107913.7 D 8 0.201439 E 15 0.431655 40000 125000 1390000 250000 B) Produ Unit cts 5 MP after split off Market value After split off cost 1500 0 13 195000 2000 2500 B 0 25 625000 5000 Hypthetical Joint Cost market value Ratio allocation 0.093 193000 057 23264.22372 0.298 620000 939 74734.81196 0.140 291000 309 35077.14561 0.199 414000 614 49903.56798 0.268 556000 081 67020.25072 1000 0 30 300000 9000 3500 D 0 12 420000 6000 4000 E 0 14 560000 4000 1250 00 2100000 2074000 250000 Home Assignment M/s ABC and company produces 6 joint products together from a single raw material. During the current period 25000 units of Product A were manufactured, 35000 units of B were manufactured, 30000 units of C were manufactured, 40000 units of product D were manufactured and 55000 units of E and 60000 of F were manufactured. Joint cost was 400000. They can be sold @ 12, 20, 16, 18, 22and 15 respectively Rs. Per unit at the time of split off. If market value method is applied what contribution each product will acquire from this joint cost? B) Lets assume that these products cannot be sold without incurring after split off cost. Following would be the after split off costs for each product. A = 20000, B = 50000, C = 90000, D = 60000 E = 85000 and F = 40000. After incurring after split off costs new market values would be A= 13, B = 25, C 30, D = 12 and E = 14 and F = 72. What contribution of joint cost would be shared by each joint product using hypothetical market value method