A manufacturing concern produced two joint products A and B whose sales values were ₹1,52,000 and ₹1,68,000 respectively and selling expenses were ₹20,000 and ₹80,000 respectively. The joint cost was ₹1,67,600. If the jo
CS Executive · Cost and Management Accounting · PYQS · December 2017
A manufacturing concern produced two joint products A and B whose sales values were ₹1,52,000 and ₹1,68,000 respectively and selling expenses were ₹20,000 and ₹80,000 respectively. The joint cost was ₹1,67,600. If the joint cost was apportioned on cost of sales basis, it is: (A) ₹33,520 and ₹1,34,080 (B) ₹79,610 and ₹87,990 (C) ₹1,00,560 and ₹67,040 (D) ₹83,800 and ₹83,800
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Joint Products and By-products
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