Two products Y and Z are obtained in a crude form and require further processing at a cost of 6for Y and 5for Z per litre before the products can be…

Two products Y and Z are obtained in a crude form and require further processing at a cost of 6for Y and 5for Z per litre before the products can be sold in the market. The final prices of product Y and Z are 15and - 8.75 per litre respectively. The company earns a net margin of 25% on Cost. The following data is available for output of both the products for the year Y 8,000 Litres Z 6,000 Litres A joint cost of 60,000 was incurred for the year and company apportions the joint costs on the basis of net realisable value after further processing. Calculate the joint cost per unit of product Y.