Vermont Sensations makes blueberry jam and blueberry syrup. Both products come out of a joint process costing
Question:
Vermont Sensations makes blueberry jam and blueberry syrup. Both products come out of a joint process costing $30,000 per year. The sales value of the blueberry jam is $15,000 per year. The sales value of the blueberry syrup is $45,000 per year. Use the relative sales value method to allocate the joint costs of the joint process to the products.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
The total sales value of the joint products is 60000 15000 4...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Financial And Managerial Accounting The Basis For Business Decisions
ISBN: 9781264445240
20th Edition
Authors: Jan Williams, Susan Haka, Mark Bettner
Question Posted:
Students also viewed these Business questions
-
Vermont Treats makes blueberry jam and blueberry syrup. Both products come out of a joint process costing $60,000 per year. The sales value of the blueberry jam is $20,000 per year. The sales value...
-
Two products, wood chips and fiberboard, come out of a joint process costing $420,000 per year. The sales value of the wood chips is $260,000 per year. The sales value of the fiberboard is $780,000...
-
Two products, wood chips and fiberboard, come out of a joint process costing $420,000 per year. The sales value of the wood chips is $260,000 per year. The sales value of the fiberboard is $780,000...
-
1. Locate a current financial news article using a source such as the following: a. www.reuters.com; b. www.yahoo.com/finance; c. http://www.msn.com/en-us/money d. www.bloomberg.com 2. Use the...
-
1. What role does the compensation package play in attracting the right talent for the CEO position? 2. What are some recommendations the consultant may provide to the Board for the compensation...
-
For each of the following samples that were given an experimental treatment, test whether they represent populations that score significantly higher than the general population: (a) A sample of 100...
-
William Stem filed an action against Gary Braden, seeking to rescind a contract for the sale of an automobile and to obtain the return of the purchase price plus interest. The trial court granted...
-
Wilhelm Kohl started a business in May 20-- called Kohls Home Repair. Kohl hired a part-time college student as an assistant. Kohl has decided to use the following accounts for recording...
-
K Use appropriate formulas to find (a) the perimeter and (b) the area of the figure. 8.8 m 5 m 5.2 m 7 m (a) The perimeter is (Type an integer or a decimal.)
-
Describe three reasons for an unfavourable direct manufacturing labour efficiency variance.
-
The following information was developed from the financial statements of Donelson, Inc. At the beginning of 2024, the companys former supplier went bankrupt, and the company began buying merchandise...
-
Fill in the blank with an appropriate word, phrase, or symbol(s). A candidate who wins a first election, then gains additional support without losing any of the original support, should also win a...
-
A projectile is fired with an initial speed of 38.0 m/s at an angle of 43.8 above the horizontal on a long flat firing range Part C Determine the total horizontal distance covered (that is, the...
-
Question 3, (20 points) Stopstinx is an over-the-counter drug that is used to treat chronic foot odor. To be effective it must be taken daily. During an A/B marketing test, researchers found the...
-
what is the distance of a second order maximum for diffraction grating with 2 . 3 2 . 3 x 1 0 3 1 0 ^ 3 slits / / mm if the screen is 0 . 9 5 0 . 9 5 meters away and orange light of wavelength 6 1 0...
-
The Post to General Ledger Application (PGLA) posts summary amounts (totals) of transactions recorded in journals. The PGLA posts the day's total sales from the Sales Journal and the day's total...
-
Assume a series RLC circuit with the following component values: R = 200 2 L = 2.5 mH (with a 2-2 internal resistance in series) C = 1 nF (with a 20 k2 internal resistance in parallel) What is the...
-
MFI Inc. has a beta of 0.86. If the expected market return is 11.5 percent and the risk- free rate is 3 percent, what is the appropriate required return of MFI (using the CAPM)?
-
In Exercises 105108, evaluate each expression without using a calculator. log(ln e)
-
Listed below are nine technical terms used in this chapter: Liquidity Nominal accounts Real accounts Adequate disclosure After-closing trial balance Closing entries Income summary Interim nancial...
-
Listed below are nine technical terms used in this chapter: Liquidity Nominal accounts Real accounts Adequate disclosure After-closing trial balance Closing entries Income summary Interim nancial...
-
Listed below are nine technical terms used in this chapter: Liquidity Nominal accounts Real accounts Adequate disclosure After-closing trial balance Closing entries Income summary Interim nancial...
-
How can an organization ensure that Total Quality Management initiatives are sustained and not viewed as short-term projects?
-
How does ERP support sales and operations planning (S&OP) in supply chain organizations?
-
You receive a delivery of fresh, frozen and dry goods. How will you store these items to ensure food safety requirements, prevent spoilage and ensure security of goods?
Study smarter with the SolutionInn App