QUESTION THREE Two types of plastic piping are produced in a joint production process. UB-1 may be sold immediately after split-off. UB-2 requires further processing before it is ready for sale. There is no opening inventory. The following production data are available: Total joint cost K80 000 Additional cost of processing UB-2 K38 400

Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.

Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing …

Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In compari…