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
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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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