Question
Rane and Co manufactures eight types of milk chocolates and candies. Power and utility costs are allocated based on material costs. For the month of
Rane and Co manufactures eight types of milk chocolates and candies. Power and utility costs are allocated based on material costs. For the month of June, the budgeted power and utility cost is Rs. 15 lakhs and material consumption is Rs. 180 lakhs. Actual power and utility is Rs.16 lakhs and actual material consumed is Rs. 180 lakhs. Material cost for one of the milk bar "SLIM" is Rs. 24 Lakhs. Power and utility cost to be allocated to SLIM is:
Ashok and Rahul are friends and sharing an apartment. They have recently taken television channel connection. The service provider offers the following deal: Rs. 300 for basic channels, Rs. 500 for basic and news channels and Rs. 800 for basic, news and sports channels. Basic and sports channels would cost Rs. 600. Ashok generally watches news channels and Rahul prefers sports channels and hence they decided to take basic, news and sports channels. They are wondering how to share Rs. 800 between them. The fair allocation is:
Step 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