The sales value basis., Cost Accounting

Assignment Help:

The following data relate to three joint products: 

 

                                                                           A                 B                     C

Sales Value                                                    Rs.24,000           Rs.18,000        Rs.15,000

Selling Costs                                                  Rs.3,500             Rs.4,500           Rs.1,000

Weight (Kgs)                                                       180                240                  150

 

Required:

Joint costs Rs.35,000. Determine the profit made by every product apportioning joint costs on: 

a.  The sales value basis. 

b.  The physical basis. 

 


Related Discussions:- The sales value basis.

debt service fund and special revenue fund, For your assignment, discuss w...

For your assignment, discuss when the government and nonprofit organizations would use each of the following funds: Capital projects fund Debt service fund Special r

Davids net state lottery gains, One month before she died on April 14, 2002...

One month before she died on April 14, 2002, Barbara Gent (Amy's aunt) gave Amy a coin collection. Based on careful records that Barbara kept, the collection had a cost basis of $9

Typical causes of labour variances, Typical Causes of Labour Varian...

Typical Causes of Labour Variances Labour Rate Variances a) Higher rates being paid than planned because of wage raise awards. b) Lower or Higher grade of work

ECONOMICS, #ques Case Study Electron Control, Inc., sells volt...

#ques Case Study Electron Control, Inc., sells voltage regulators to other manufacturers, who then customize and distribute the products to quality assurance labs for

Find out the memorandum reconciliation account, Find Out the Memorandum Rec...

Find Out the Memorandum Reconciliation Account The givens are the final accounts of a company for the year ending on date 31st December 1999. Manufacturing Trading Loss and Pr

Weighted average method - work in progress, Weighted Average Method - Work ...

Weighted Average Method - Work in Progress While this method is employed, all costs of production are considered in assigning costs to inventory. The method puts together open

Computation of overhead recovery rate, Compute the rate to be used in each ...

Compute the rate to be used in each department for applying overhead in both departments Budegeted Cost sheet   Amount in $

Uses of cost volume profit analysis, USES O F CVP ANALYSIS 1. .It ...

USES O F CVP ANALYSIS 1. .It allows preparation of flexible budgets. 2. It provides help in forecasting accurate profit. 3. It aids in formulating price policy. 4

Prepare the journal entries to record depreciation, Moore Corporation follo...

Moore Corporation follows a policy of a 10% depreciation charge per year on all machinery and a 5% depreciation charge per year on buildings (the corporation uses the nearest full

Calculate the total net realizable value, Surplus Stores Ltd is a company w...

Surplus Stores Ltd is a company which frequently buy goods in large quantities and makes alterations to the goods before selling. At 31 Dec 2000 the following items were included i

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd