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AS 2

In this question 5 of the notes , Shouldn't we multiple by the selling price by units sold ? But why is it multiple by the units produced ? (While allocating joint cost)

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Swathi Krishna

Swathi Krishna

CA Inter

7K+

17-Nov-20

42

Answers (6)

Cost is incurred for production.


Suraj Lakhotia

Suraj Lakhotia

Admin

17-Nov-20

Ohooo .....k


Thread Starter

Swathi Krishna

Swathi Krishna

CA Inter

7K+

17-Nov-20

Thax sir


Thread Starter

Swathi Krishna

Swathi Krishna

CA Inter

7K+

17-Nov-20

Sir , Is Profit margin deducted from sales value to arrive at NRV only in costing as shown in this formula?

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Yedu Krishnan

Yedu Krishnan

CA Inter

1K+

19-Nov-20

This is to arrive at NRV at split off point. For AS-2 we calculate NRV of finished product.


Suraj Lakhotia

Suraj Lakhotia

Admin

19-Nov-20

Thank you sir


Yedu Krishnan

Yedu Krishnan

CA Inter

1K+

19-Nov-20

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