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?

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

jamb 2001 accounting

The correct answer is D. N100,000

X portion = 2 + 1 = 3

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

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