Production of VOFF during the period is 19,000 kilo bags sold at 1,000 ISK per bag...

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Production of VOFF during the period is 19,000 kilo bags sold at 1,000 ISK per bag and production of MJÁ is 49,000 kilo bags sold at 1,100 ISK per bag. Special costs for the production of VOFF are 14,000,000 ISK and 28,000,000 ISK of MJÁ. Calculate the distribution of joint costs for MJÁ in the period using the method based on the estimated net realizable value (NRV, Net Realizable Value method) Production of VOFF during the period is 19,000 kilo bags sold at 1,000 ISK per bag and production of MJÁ is 49,000 kilo bags sold at 1,100 ISK per bag. Special costs for the production of VOFF are 14,000,000 ISK and 28,000,000 ISK of MJÁ. Calculate the distribution of joint costs for MJÁ in the period using the method based on the estimated net realizable value (NRV, Net Realizable Value method)

Answer rating: 100% (QA)

Step 1 Calculate the total sales value of VOFF and MJ Total sales value of VOFF 19000 kilo bags ... View the full answer