Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Accounting Posted 22 Jul 2017 My Price 9.00

Apportionment of joint costs

Apportionment of joint costs

The marketing director of your company has expressed concern about product X, which for some time has shown a loss, and has stated that some action will have to be taken. Product X is produced from material A which is one of two raw materials jointly produced by passing chemicals through a process.

Representative data for the process is as follows:

Output (kg):

  

Material A

10 000

Material B

30 000

Process B (£):

  

Raw material

83 600

Conversion costs

58 000

 

Joint costs are apportioned to the two raw materials according to the weight of output. Production costs incurred in converting material A into product X are £1.80 per kg of material A used. A yield of 90% is achieved. Product X is sold for £5.60 per kg. Material B is sold without further processing for £6.00 per kg.

Required:

(a) Calculate the profit/loss per kg of product X and material B, respectively.

(b) Comment upon the marketing director’s concern, advising him whether you consider any action should be taken.

(c) Demonstrate an alternative joint cost apportionment for product X an comment briefly upon this alternative method of apportionment.

Answers

Maurice Tutor
(5)
Status NEW Posted 22 Jul 2017 07:07 PM My Price 9.00

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