Using the same data as in question 3, apply the sales value basis of apportionment to these joint…

Using the same data as in question 3, apply the sales value basis of apportionment to these joint costs.

Question 3

The total joint cost of a process is £1,800. This gives an output of 700 kilos of Product X and 300 kilos of Product Y. The selling price of Product X is £2.40 per kilo and of Product Y £2.60 per kilo. Apportion the joint costs by using the physical units base and calculate the prof it/sales percentage.