15. The following table shows the price of 2kg of maize flour 1 loaf of bread, at 2013 and 2014 with their weights.
(4 mar
Items Prices Weights
2013 2014
Flour 80 85 2
Bread 50 60 1
Milk 40 60 3
Required:
Calculate Consumer Price Index (C. P.I) for the year 2014 for the b
three items using the Weighted Average Method and determine rate of inflation

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.