4. Department X sells goods to Department Y at a profit of 25% on cost & to Department Z at a profit of 10% on cost. Department Y sells goods to X & Z at a profit of 15% & 20% on sales, respectively. Department Z charges 20% & 25% profit on cost to Department X & Y, respectively. Department Managers are entitled to 10% Commission on Net Profit subject to unrealized profits on Departmental sales being eliminated. Departmental profits after charging manager's commission, but before adjustment of unrealized profits are X = Rs. 36,000; Y = Rs. 27,000; Z = Rs. 18,000 Stocks lying at different departments at the year-end are as under: PARTICULARS Transfer from Department X Transfer from Department Y Transfer from Department Z X(RS.) Y (Rs.) Z (Rs.) 15,000 11,000 14,000 12,000 6,000 5,000 Find out the correct Departmental Profits after charging Managers' Commission. marks) (10

4. Department X sells goods to Department Y at a profit of 25% on cost & to Department Z at a profit of 10% on cost. Department Y sells goods to X & Z at a profit of 15% & 20% on sales, respectively. Department Z charges 20% & 25% profit on cost to Department X & Y, respectively. Department Managers are entitled to 10% Commission on Net Profit subject to unrealized profits on Departmental sales being eliminated. Departmental profits after charging manager's commission, but before adjustment of unrealized profits are X = Rs. 36,000; Y = Rs. 27,000; Z = Rs. 18,000 Stocks lying at different departments at the year-end are as under: PARTICULARS Transfer from Department X Transfer from Department Y Transfer from Department Z X(RS.) Y (Rs.) Z (Rs.) 15,000 11,000 14,000 12,000 6,000 5,000 Find out the correct Departmental Profits after charging Managers' Commission. marks) (10

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

2) Explain Prudence concept and provide example.
Your solution is wrong see the answers at bottom of the question
Explain what is meant by the decision pattern ?
I need help solving for r.
What is the CAPM? What does it tell you?
Am I doing it correct?
the above sotution will be correct solution
What is COSO? What is the PCAOB? Why are they important?
The response provided is very brief, i need more explanation and analysis
It says they answers are wrong from your example.