p Flag question A factory producing article X also produces a by-product Y which is further processed into finished product. The joint cost of manufacturing is given below: Material RO 8,000 Labor RO 4,000 Overheads RO 2,000 Subsequent costs are given below: Y Material RO 2,000 RO 4,000 Labor RO 4,000 RO 3,000 Overheads RO 2,400 RO 2,600 Sales value for X is RO 20,000 and Yis RO 30,000 Estimated profits on selling prices are 40% for X and 30% for Y. Assume that selling and distributing expenses are in proportion of subsequent cost of material. a. Show how you would apportion joint cost of manufacture. b. Prepare a statement showing cost of production of X and Y. Calculations should be made to the nearest riyal. After preparing the necessary statements, MCQs 4,5,6,7 and 8 should be answered. How much are the selling expenses apportioned to by product? Question 4 Not yet answered Marked out of 1.00 P Flag question O a. RO 2,850 b. RO 2,914 OC. RO 333 d. RO 667 Clear my choice Question 5 What is the amount of material joint cost apportioned to main product? Not yet answered Marked out of 1.00 a. RO 1,867 O b. RO 1,086 OC. RO 6,133 O d. RO 1,000 Flag question What is the amount of labor joint cost apportioned to main product? Question 6 Not yet answered Marked out of 1.00 Flag question a. RO 1,500 Ob. RO 543 OC RO 933 Od. RO 3,067 Question 7 What is the amount of material joint cost apportioned to by product? Not yet answered Marked out of 1.00 a. RO 1,267 O b. RO 1,867 OCRO 2,000 Od. RO 6,133 Hag question p Flag question A factory producing article X also produces a by-product Y which is further processed into finished product. The joint cost of manufacturing is given below: Material RO 8,000 Labor RO 4,000 Overheads RO 2,000 Subsequent costs are given below: Y Material RO 2,000 RO 4,000 Labor RO 4,000 RO 3,000 Overheads RO 2,400 RO 2,600 Sales value for X is RO 20,000 and Yis RO 30,000 Estimated profits on selling prices are 40% for X and 30% for Y. Assume that selling and distributing expenses are in proportion of subsequent cost of material. a. Show how you would apportion joint cost of manufacture. b. Prepare a statement showing cost of production of X and Y. Calculations should be made to the nearest riyal. After preparing the necessary statements, MCQs 4,5,6,7 and 8 should be answered. How much are the selling expenses apportioned to by product? Question 4 Not yet answered Marked out of 1.00 P Flag question O a. RO 2,850 b. RO 2,914 OC. RO 333 d. RO 667 Clear my choice Question 5 What is the amount of material joint cost apportioned to main product? Not yet answered Marked out of 1.00 a. RO 1,867 O b. RO 1,086 OC. RO 6,133 O d. RO 1,000 Flag question What is the amount of labor joint cost apportioned to main product? Question 6 Not yet answered Marked out of 1.00 Flag question a. RO 1,500 Ob. RO 543 OC RO 933 Od. RO 3,067 Question 7 What is the amount of material joint cost apportioned to by product? Not yet answered Marked out of 1.00 a. RO 1,267 O b. RO 1,867 OCRO 2,000 Od. RO 6,133 Hag
