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The quarrying cost of marble and granite blocks plus delivery cost to the processing plant each is ₱2400 per cubic meter. Processing cost of marble into tiles is ₱200 per square meter and that of granite into tiles also is ₱600 per square meter. If marble has net yield of 40 square meters of block and sells at ₱400 per square meter, and granite gives a net yield of 50 square meter of tiles per cubic meter of block, and sells at ₱1000 per square meter, determine the more profitable material, considering all other costs to be the same and how much is the difference in profit. Show complete

The quarrying cost of marble and granite blocks plus delivery cost to the processing plant each is ₱2400 per cubic meter. Processing cost of marble into tiles is ₱200 per square meter and that of granite into tiles also is ₱600 per square meter. If marble has net yield of 40 square meters of block and sells at ₱400 per square meter, and granite gives a net yield of 50 square meter of tiles per cubic meter of block, and sells at ₱1000 per square meter, determine the more profitable material, considering all other costs to be the same and how much is the difference in profit. Show complete

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The quarrying cost of marble and granite blocks plus delivery cost to the processing plant each is ₱2400 per cubic meter. Processing cost of marble into tiles is ₱200 per square meter and that of granite into tiles also is ₱600 per square meter. If marble has net yield of 40 square meters of block and sells at ₱400 per square meter, and granite gives a net yield of 50 square meter of tiles per cubic meter of block, and sells at ₱1000 per square meter, determine the more profitable material, considering all other costs to be the same and how much is the difference in profit. Show complete
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