An oil refining company produces 2 joint products (gasoline and diesel) and one by-product (ethylene). Complete the missing information in the table below for letters A-N. Apportion costs based on production units.

 

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Product Litres Produced Diesel Total Gasoline 600,000 A B 300,000 300,000 900,000 M Cost (£) Ethylene 100,000 0 Addition Costs. (£/litre) 0.10 0.15 0.01 Total Addition Costs (£) 60,000 с 1,000 Sales Total (£/litre) Sales (£) 1.1 1.2 0.02 NRV Total (£/litre NRV (£) 660,000 D 360,000 1.05 2,000 0.01 E 315,000 F Product Litres Produced Diesel Total Gasoline 600,000 A B 300,000 300,000 900,000 M Cost (£) Ethylene 100,000 0 Addition Costs. (£/litre) 0.10 0.15 0.01 Total Addition Costs (£) 60,000 с 1,000 Sales Total (£/litre) Sales (£) 1.1 1.2 0.02 NRV Total (£/litre NRV (£) 660,000 D 360,000 1.05 2,000 0.01 E 315,000 F

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Working note 1 2 3 4 5 6 7 8 9 10 11 A B Products Gasoline Diesel Total Ethylene Hence ... View the full answer