In sugar manufacturing industries molasses is also produced along with sugar. Molasses may be of smaller value as compared with the value of sugar and is known as:

Method of apportioning joint costs on the basis of output of each joint product at the point of split off is: 

In the Net realizable value method, for apportioning joint costs over the joint products, the basis of apportionment would be: 

Under net realizable value method of apportioning joint costs to joint products, the selling & distribution cost is: 

Which of the following is a co-product? 

Which of the following statement is not correct in relation to Co-products? 

When a by-product does not have any realizable value, the cost of by- product is: 

SG Ltd manufactures two products from a joint milling process. The two products developed are Mine support (MS) and Commercial building (CB). A standard production run incurs joint costs of ₹ 1,00,000 and results in 60,000 units of MS and 90,000 units of CB. Each MS sells for ₹ 200 per unit, and each CB sells for ₹ 450 per unit. Assuming no further processing work is done after the split-off point, the amount of joint cost allocated to Commercial building (CB) on a physical quantity allocation basis would be:

Kay Company manufactures two hair care lotions, Livi and Sili, out of a joint process. The joint (common) costs incurred are ₹ 6,30,000 for a standard production run that generates 1,80,000 gallons of Livi and 1,20,000 gallons of Sili. Livi sells for ₹ 240 per gallon, and Sili sells for ₹ 390 per gallon. If additional processing costs beyond the split-off point are ₹ 140 per gallon for Livi and ₹ 90 per gallon for Sili, the amount of joint cost of each production run allocated to Livi on a physical-quantity basis is:

For the purpose of allocating joint costs to joint products, the sales price at point of sale, reduced by cost to complete after split-off, is assumed to be equal to the: