Management Accounting By Paresh Shah Oxford University Press Chapter No.

10 Chapter Name Process Costing

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Total Approtioned Joint Cost

=Rs.

Apportionment of Joint cost on Sales Value Basis: Product Sales Value Rs. Cost Appropriation Ratio Milk 1 Butter Milk 1 Butter 1 0 Comparative Profit and Loss Statement Total Rs. Cost upto Separation 0 Cost after Separation 0 Works Cost 0 Selling Costs 0 Total Cost 0 Profit 0 Sales 0

Approtioned Joint Cost Rs. 0 0 0 0

Milk Rs. 0 0 0 0 0

Butter Milk Rs. 0 0 0 0 0

Butter Rs. 0 0 0 0 0

(a) Joint Costs Apportionment on Sales Price Basis Selling Cost Apportionment Apportioned Product Price per Ratio Joint Cost unit 0 / 0 A 0 / 0 B 0 / 0 C 0 0

(a) Joint Costs Apportionment on Sales Price Basis Selling Sales Quantity Cost Apportionment Product Price per Value Sold Units Ratio unit Rs. 0 / A 0 / B 0 / C 0 0

Apportion ed Joint Cost

Product A B C D

Sales After Further Processing Rs.

Sales at Split off Point Incremental Revenue Rs. Incremental Costs Rs. Rs. 0 0 0 0

Particulars Sales Value Product A Product B Product C Product D Less: Joint Cost

All products sold at Split off Point Rs. 0 0 0 0 0 0

All products sold after further processing Rs. 0 0 0 0 0 0

A & C further processed and B and D at Split off Rs. 0 0 0 0 0 0

Less: Further Processing Cost

Net Profit

Gain (+) or Loss (-) Rs. 0 0 0 0

The Estimated Costs of By-Product At Separation Point Particulars Rs. Rs. Sales Value Less estimated Profit Estimated Total Cost 0 0 Less estimated Selling Cost Estimated Works Cost 0 0 Less actual cost after separation Estimated cost upto separation 0 0 Comparative Profit and Loss Statement Particulars Cost upto Separation Cost after Separation Works Cost Selling Cost Total Cost of Sales Profit Sales Total 0 0 0 0 0 0 0 A Rs. B1 B2

0 0 0

0 0 0

0 0 0

Apportionment of Total Costs Manure Total Points X Y Z Total Total Rs. Cost Mixing Cost / unit Pts. Total Cost / unit Total Points Packing Cost / unit Cost / unit Total Pts. Pts. Cost / unit

Grand Total cost per unit

0 0 0