ABB Ltd. manufactures two chemicals (X and Y) in a joint process. Data from a...
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ABB Ltd. manufactures two chemicals (X and Y) in a joint process. Data from a recent month follow. Direct materials used: INR 5,10,000 Direct labor: INR 3,00,000 Manufacturing overhead: INR 8,40,000 Manufacturing output: X: 32,500 gallons Y: 1,05,000 gallons X sells for INR 30 per gallon and Y sells for INR 35 per gallon.
Compute the total joint costs to be allocated to X and Y.
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