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  5. X and Y are two depa...

X and Y are two departments that are to share 50% of all joint costs...

Accounts - Principles of Accounts
JAMB 2001

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?

  • A. N37,500
  • B. N62,500
  • C. N87,500
  • D. N100,000
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Correct Answer: Option D
Explanation

X portion = 2 + 1 = 3

\(\frac{2}{3}\) x 150,000 = 100,000

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