Question: Instant answer or please skip In a process there are three joint products X, Y and Z of which the point values awarded are 3,

Instant answer or please skip In a process there are three

Instant answer or please skip In a process there are three joint products X, Y and Z of which the point values awarded are 3, 4 and 5 respectively. The output of the products are X = 500, Y = 700 and 2 = 340. The costs upto split-off point amount to Rs. 36,000. Apportion the cost to products X, Y and Z

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Instant answer or please skip In a process there are three joint products X, Y and Z of which the point values awarded are 3, 4 and 5 respectively. The output of the products are X = 500, Y = 700 and...

Q:

Instant answer or please skip In a process there are three joint products X, Y and Z of which the point values awarded are 3, 4 and 5 respectively. The output of the products are X = 500, Y = 700 and...

Q:

Instant answer or please skip 14 Mohan Ltd. obtains three joint products X, Y and Z from a process of manufacture. From the following particulars apportion the joint costs to X, Y and Z on the basis...

Q:

Instant answer or please skip 13 40 kg B A process factory uses 100 kg, of a particular material per batch of production. Three joint products are obtained from the process. Production quantity and...

Q:

Instant answer or please skip 13 40 kg B A process factory uses 100 kg, of a particular material per batch of production. Three joint products are obtained from the process. Production quantity and...

Q:

Joint Cost Allocation using the Net Realizable Value Method : A company produces three joint products, X, Y, and Z, from a common production process. The total joint production costs up to the...

Q:

A company produces three joint products, X, Y, and Z, and generates scrap S from a common production process. The total joint production costs up to the split-off point are $800,000. The final sales...

Q:

Please can you please answer the attachment below i need assistance MAC3701/2016 COMPULSORY ASSIGNMENT 01/2016 (semester 2) Semester Second Assignment nr 1 Due date Unique number 17/08/2016 753124...

Q:

Please can you please answer the attachment below i need assistance MAC3701/2016 COMPULSORY ASSIGNMENT 01/2016 (semester 2) Semester Second Assignment nr 1 Due date Unique number 17/08/2016 753124...

Q:

To be solved by DKetan. Describe the three methods used to allocate joint costs. What are the advantages/disadvantages of each allocation method? Which method would you recommend? Why? Support your...

Q:

Classic Clubs, Inc., manufactures professional golf clubs in a continuous manufacturing process. Demand has been so great that the company has built a special plant that makes only custom-crafted...

Q:

Prepare the closing entries for the company at December 31, 2021 Cash Equipment Truck Accum. deprec. equipment Accum. deprec. truck Accounts receivable Supplies ACCOUNT Land Prepaid auto insurance...

Q:

QUESTION 1 7 1 2 points Show - Your - Work 1 . A company wishes to hedge its exposure to a new fuel whose price changes have a 0 . 8 4 correlation with gasoline futures price changes. The company has...

Q:

8 3 points A politician makes a Facebook post about why voters should vote for her. In order for this message to be considered as an advertisement, which of the following conditions should be met?...

Q:

Know the difference between a classified and an unclassified employee

Q:

Know how to create a position description

Q:

Know the preferred reference checking approaches and understand the concepts of defamation and negligent hiring