During the month of July a process produced the following joint products. Quantity in kilogrammes 100,000...
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During the month of July a process produced the following joint products. Quantity in kilogrammes 100,000 20,000 80,000 selling price per kilogramme K10 K100 K22.50 Product X Y Z Costs incurred in the process before the separation of these products totalled K2,400,000. Required: Show how the common costs would be apportioned using: (a) physical quantity and (b) relative sales value at the point of separation. During the month of July a process produced the following joint products. Quantity in kilogrammes 100,000 20,000 80,000 selling price per kilogramme K10 K100 K22.50 Product X Y Z Costs incurred in the process before the separation of these products totalled K2,400,000. Required: Show how the common costs would be apportioned using: (a) physical quantity and (b) relative sales value at the point of separation.
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Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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