In manufacturing the main product, a company processes the incidental waste to two by-products Aand B. From the following data relating to the products youare required to prepare a Comparative Profit and Loss Statement showing the individual costs and otherdetails. The total costs upto separation point was RO 310,400.Main ProductBy-ProductBy-ProductABSales800,00064,00096,000Costs after Seperation80,00012,80014,400Estimated Profit20%20%Estimated selling expenses as % to salesValue20%10%15%田ProductProfitEstimated Cost Post Separation CostProportion of JointCostSales

Joint costs are costs incurred up to the point of separation of Products. In this case, joint costs…

Answered: Comparative Profit and Loss Statement:

Business

Accounting

Comparative Profit and Loss Statement:

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter2: Accounting For Materials

Section: Chapter Questions

Problem 10E

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