Question
OFL Ltd. manufactures plastic products and makes three products, P1, P2 and P3. In 2016, the joint costs of three products were SAR 135,000. Following
OFL Ltd. manufactures plastic products and makes three products, P1, P2 and P3. In 2016, the joint costs of three products were SAR 135,000. Following are the details related to the number of units and selling price per unit: (4 Marks)
| Product | Units | Selling Price per unit |
| P1 | 6,000 | SAR 30 |
| P2 | 3,000 | SAR 20 |
| P3 | 1,000 | SAR 15 |
Allocate the joint costs to each product using: (Chapter 9)
- Physical volume method
- Sales value at the split-off method
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Security And Auditing Of Smart Devices
Authors: Sajay Rai, Philip Chukwuma, Richard Cozart
1st Edition
0367567997, 978-0367567996
