• 1 Marks

FA – May 2012 – L1 – SA – Q25 – Accounting from Incomplete Records

Calculating the portion of joint costs attributable to a department.

X and Y are two departments that share 50% of all joint costs equally and the balance in the ratio of 2:1, respectively. If a sum of N300,000 is incurred jointly, what will be the portion attributable to X?

N175,000
Explanation:
First, 50% of N300,000 is shared equally between X and Y (N150,000 ÷ 2 = N75,000 each). The remaining N150,000 is shared in the ratio 2:1, so X gets an additional N100,000, making the total portion attributable to X N175,000.

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