Professional Documents
Culture Documents
paramjit
Few clarifications
Joint Products:
Two or more products of almost equal economic
value
simultaneously produced from same process and RM
paramjit
Few clarifications
CO-Products:
Two or more products of almost equal economic
value
simultaneously produced from same process and RM
paramjit
Few clarifications
Bye Products
paramjit
Few clarifications
Joint Products:
Two or more products of almost equal economic
value
simultaneously produced from same process and RM
Characteristics
paramjit
Joint Costs Subsequent Costs
Joint Costs
Joint or common costs are those which are incurred before that
stage in manufacture When the product became separated
Subsequent Costs
paramjit
Apportionment For Joint Products
paramjit
Apportionment (Methods)
paramjit
Apportionment (Methods)
paramjit
Apportionment (Methods)
Joint Costs Rs
9000Selling Price
Products App. Cost
(Rs)
A PU
12 (Rs) Ratio4500
(12:8:4)
B 08 3000
C 04 1500
Joint Costs Rs
Products S Price 9000
Prod .Qty S Value App. Cost(Rs)
Rs Rs Ratio (24:48:28
10,000 9,000
paramjit
Apportionment (Methods)
Net value =
Sales value- (Est. Profit +S & D Cost +After Split off Processing Cost)
paramjit
Apportionment (Methods) Sales Value Methods
x y z
Rs Rs Rs
Net value =
Sales value- (Est. Profit +S & D Cost +After Split off Processing Cost)
paramjit
Apportionment (Methods)
paramjit
Apportionment (Methods)
paramjit