The following information is extracted from Process 1 for Bee Gees Sdn Bhd: Material input (10,000...

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The following information is extracted from Process 1 for Bee Gees Sdn Bhd: Material input (10,000 units) cost Conversion cost Normal loss Normal loss scrap value Output a. Joint product X1 Joint product X2 By-product WW b. RM45,500 RM25,000 10% of input RM2.00 per unit By-product WW can be sold at RM1.50 per unit and it requires RM0.30 for the special packaging. The joint cost will be apportioned using physical unit method. Required: 65% of total output 30% of total output 5% of total output Calculate the net joint costs to be apportioned to the joint products. (5 marks) Apportion the total joint cost to each product using physical unit method. (4 marks) The following information is extracted from Process 1 for Bee Gees Sdn Bhd: Material input (10,000 units) cost Conversion cost Normal loss Normal loss scrap value Output a. Joint product X1 Joint product X2 By-product WW b. RM45,500 RM25,000 10% of input RM2.00 per unit By-product WW can be sold at RM1.50 per unit and it requires RM0.30 for the special packaging. The joint cost will be apportioned using physical unit method. Required: 65% of total output 30% of total output 5% of total output Calculate the net joint costs to be apportioned to the joint products. (5 marks) Apportion the total joint cost to each product using physical unit method. (4 marks)

Answer rating: 100% (QA)

a Calculating Net Joint Costs Net joint costs are the total joint costs minus the scrap value of the normal loss Total Joint Costs Material Input Cost ... View the full answer