Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Within 5 mins or skip Sale price per kg. 5.36 --. In a factory, engaged in chemical processing 4,000 kgs. of a particular type of
Within 5 mins or skip
Sale price per kg. 5.36 --. In a factory, engaged in chemical processing 4,000 kgs. of a particular type of raw material RX are used for each production batch. Four joint products are obtained after processing. Estimated output and sale price for such joint products are as follows: Product Output per 4,000 kgs. of RX (kg.) 300 Rs. 50 1,200 40 e 600 Y 60 1,800 25 Z The estimated processing cost per production batch is Rs. 20,000. Selling and distribution cost is estimated at 20% of sales. Management's expected rate of return is 10% on sales. The unaccounted raw You are required to work out (i) the purchase price per kg. of the raw material with a view to achieving the above outcome and (ii) the unit of sales of P, Q, Y and Z on the basis of their sale value. material is taken as invisible wasteStep 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