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Instant answer or please skip 14 Mohan Ltd. obtains three joint products X, Y and Z from a process of manufacture. From the following particulars
Instant answer or please skip 14 Mohan Ltd. obtains three joint products X, Y and Z from a process of manufacture. From the following particulars apportion the joint costs to X, Y and Z on the basis of marginal cost and contribution and also ascertain profit or loss. Product Units produced Selling price Cost per unit after separation Rs. Rs. 400 67 20 400 77 25 200 90 28 Rs. Rs. Joint cost of material 15,000 Variable overhead Joint cost of labour 12,000 Fixed overhead 10,000 7,500 NX
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