Question
GHI Food Processing Ltd. produces two products: Chips and Juice. Below is the cost and output data: Particulars Chips Juice Direct Material 2,00,000 3,00,000 Direct
GHI Food Processing Ltd. produces two products: Chips and Juice. Below is the cost and output data:
Particulars | Chips | Juice |
Direct Material | ₹2,00,000 | ₹3,00,000 |
Direct Labour | ₹1,50,000 | ₹2,50,000 |
Factory Overheads | ₹1,00,000 | ₹1,50,000 |
Units Produced | 20,000 | 10,000 |
You are required to calculate:
- The cost per unit for each product.
- The selling price per unit if a profit of 20% on cost is desired.
- The total revenue generated from the sale of both products.
- The percentage contribution of each product to the total revenue.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
