Doubt

Costing

In joint cost IL Illustration 8 lecture 7 why don't we apportion fixed cost also along with variable cost?why do we take it separately in total?

Priyanka Udeshi

CFA L1

★ 14K+

27-Jun-21 18:59

529

Answers (1)

Because its common expense..... for all joint products, there is no basis for distribution Variable costs were apportioned based on NRV as stated in the problem

Sudha Reddy

CA Final

★ 20K+

28-Jun-21 09:29

Your Reply

Helping students crack CA, CFA & ACCA since 2017. 14,000+ students have trusted us for the best CA,CFA, ACCA online classes. Learn from the best CA, CFA faculty, access top-quality content and clear your exams with confidence

Doubt

Your Reply

Company

Information

Offerings