Solution-Create a schedule showing the allocation of joint

Create a schedule showing the allocation of joint cost

Reference no: EM133092652

Question - D Zeal Ltd. purchases raw material Zigma at Rs. 8 per litre. After getting processed in Department 1, Sigma spilts- off in to Products A, B and C products. Product A is sold at the Split off point with no further processing. Product B and Z are however requiredto be further processed in department 2 and Department 3 respectively. The organization has the policy of not keeping any inventory at the start and at the end of the year for Raw material and Work in process. The details of cost incurred for the year 2019-20 are given below.

Particulars Department	1	2	3
Cost of raw Material	480000
Direct labour	70000	450000	650000
Manufacturing Overheads	48000	210000	450000
Products	A	B	C
Sales (liters)	10000	15000	22500
Closing Inventory (Litres)	5000	0	7500
Sale Price per litre	30	64	50

Required -

1. Create a schedule showing the allocation of joint cost using suitable base for allocation. Justify your selection of the base.

2. Calculate the Cost of Goods sold of each product and the cost of each item in inventory.

Reference no: EM133092652

Questions Cloud

Identify examples of networks and network externalities : Identify examples of networks and network externalities, and determine the number of connections possible in a star network with n users

What is the implicit exchange rate at maturity : Consider 8.5% Swiss franc/U.S. dollar dual-currency bonds that pay $666.67 at maturity per SF1,000 of par value. What is the implicit exchange rate at maturity

Calculate blossoms diluted earnings per share : The preferred shares pay an annual dividend of $5 per share. Blossom's tax rate is 40%. Calculate Blossom's 2020 diluted earnings per share

CYB610 Google Dorking Assignment : CYB610 Google Dorking Assignment Help and Solution - Create a paper that explains the history of Google Dorking and how it can be used to attack a website

Create a schedule showing the allocation of joint cost : Create a schedule showing the allocation of joint cost using suitable base for allocation. Justify your selection of the base

What makes a posttest-only design stronger : Explain What makes a posttest-only design "stronger" in terms of internal validity than a design with a pretest?

Potential challenges sales compensation plans : Outline what potential challenges sales compensation plans must avoid and describe how your plan will ensure these challenges are avoided.

Evaluate the performance of the company over the period : Required - Focusing on the above ratios, critically evaluate the performance of the company over the four year period

Impact on purchasing and consumption behaviour : Discuss the internal influences on the consumer as an individual, and their impact on purchasing and consumption behaviour

User Account

All Pages

Create a schedule showing the allocation of joint cost

Reference no: EM133092652

Reference no: EM133092652

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

What would be the unit cost of good coats produced on job

Discuss a dramatic decision to begin using energy surcharges

What is the gain on purchase commitment to be recognized

Income tax return for the costs incurred in 2009

By what percentage will the company operating income fall

Compute the amount vernas pension expense

Determine the unit cost of the two products

Calculate the direct material price or rate variance

Identify principle or assumption supports the method

Find what are the broad legal requirements applicable

What is the actual price paid by rexford to purchase

Arrange the cost data into a statement of cost of goods

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT