A company producing product X yields two by products Y and Z. The following particulars relate to a particular period of operation in which the joint cost amounted to Rs 1,40,000:
|
Cost of further |
|||
|
Product |
Sales (Rs) |
Profit 10 on sales |
processing (Rs) |
|
X |
1,45,920 |
20% |
36,016 |
|
Y |
72,960 |
30% |
11,000 |
|
Z |
48,640 |
25% |
6,292 |
The company apportions selling expenses to X, Y and Z in the ratio 10:1:7. Calculate the profit from the sales of each product and the joint cost applied to each product.