SEU The Product Unit Sat Split Off Separable Costs Selling Price Questions

q1- Provide numerical example of assigning support department cost and discuss the purpose of assigning support department costs

q2- LMN Compagny produces three products K, L and M.During the year, the joint costs

of processing the three products were $480,000.

Production and sales value information were as follows:

Sales Value

ProductUnitsat Split-Off Separable CostsSelling Price

K500,000$13 per unit $6.00 per unit$40 per unit

L300,000 $12per unit $4.00 per unit$37 per unit

M200,000$8 per unit $3.00 per unit$28 per unit

Allocate the joint costs using the physical output method.

Q3- 3 Provide numerical examples of static and flexible budget and discuss how these budgets could be used to evaluate the performance of the managers

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