JAMB - Accounts Principles Of Accounts (2001 - No. 38)
X and Y are two departments that are to share 50% of all joint costs equally and the balance in ratio 2:1. If a sum of N150,000 is incurred jointly, what will be the portion attributable to X?
N37,500
N62,500
N87,500
N100,000
Explanation
X portion = 2 + 1 = 3
\(\frac{2}{3}\) x 150,000 = 100,000
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