Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Find the above attached question and give the answer properly. 2. A vegetable oil refining company obtains four products whose cost details are: Joint costs
Find the above attached question and give the answer properly.
2. A vegetable oil refining company obtains four products whose cost details are: Joint costs of the four products: Rs. 8,29,600 Outputs: A - 5,00,000 litres; B-10,000 litres,C-5,000 litres and D-9,000 kgs. Further processing costs: A Rs. 2,40,000; B Rs. 48,000, C-Nil and D-Rs. 8,030. The products can be sold as intermediates i.e., at split-off point without further processing. The sale prices are: As finished Product As Intermediate 1.84 1.20 8.00 4.00 A Per litre BPer litre C* per litre D* Per Kg. 6.40 6.40 26.67 24.00 (a) Calculate the product-wise profit allocating joint costs. (b) Compare the profitability in selling the products with and without further processingStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started