Why does the sales value at splitoff method use the sales value of the total production in
Question:
Why does the sales value at splitoff method use the sales value of the total production in the accounting period and not just the revenues from the products sold?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
This is because when using this method you are using a ...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 9780135628478
17th Edition
Authors: Srikant M. Datar, Madhav V. Rajan
Question Posted:
Students also viewed these Business questions
-
The Cumberland Mine is a small mine that extracts coal in central Alberta. Each tonne of coal mined is 40% Grade A coal, 40% Grade B coal, and 20% coal tar. All output is sold immediately to a local...
-
Beta purchases trees from Vendor and processes them up to the splitoff point where two products (paper and pencil casings) are obtained and sold separately. The following information was collected...
-
Joint-cost allocation with a byproduct. Mat Place purchases old tires and recycles them to produce rubber floor mats and car mats. The company washes, shreds, and molds the recycled tires into...
-
Return to Better Mousetraps in Problem 18. Suppose the firm can cut its requirements for working capital in half by using better inventory control systems. By how much will this increase project NPV?...
-
Steven Levitt and Chad Syverson compared home sales in which real estate agents are hired by others to sell a home to instances in which an agent sells his or her own home. They found that homes...
-
A polymer bar's dimensions are 1 in. 2 in. 15 in. The polymer has a modulus of elasticity of 600,000 psi. What force is required to stretch the bar elastically from 15 in. to 15.25 in.?
-
Explain the significance of collection class and provide two examples.
-
Finney Company's condensed income statement is presented below: The following data is compiled relative to Finney's operating segments: Included in the amounts allocated to each segment on the above...
-
What is equilibrium price and quantity for the market below? Calculate the amount of consumer and producer surplus at equilibrium. P 120 S 80 60 66 20 20 40 50 60 D Q
-
1. Are the four intrinsic characteristics the best ones to base the relationship performance measures for Donnell Truong Ventures? If not, what characteristics would be more suitable? In either case,...
-
Quality Chicken is computing the ending inventory values for its July 31, 2020, balance sheet. Ending inventory amounts on July 31 are 15 pounds of breasts, 4 pounds of wings, 6 pounds of thighs, 5...
-
Distinguish between a joint product and a byproduct.
-
What are some common valuation multiples?
-
1, Identify a particular community presented within one of these museums. What strategies were used to preserve the history or experience of that specific community? California African American...
-
For those of you who believe in cross-cultural evangelism, describe an evangelistic method or technique that you believe to be useful when reaching out to persons from a culture different than your...
-
Your company just spent $5.0 million on a state-of-the-art production facility. As a result, the marginal cost of producing the product is: MC 10+0.0001q. If the market price is $60 per unit, you...
-
Caspar provided a hypothetical game which offered a positive expected payoff. He related this to poker and other decisions under uncertainty. What did you take away from this example and how could it...
-
Suppose you're the CEO of Pigh-am-Tech, and suppose you're trying to decide whether to invest 1 million dollars in machines or not. Suppose that when you spend the 1 million dollars, you will obtain...
-
Calculate the time needed for a constant current of 0.8510 A to deposit 0.250 g of Co(II) as (a) Elemental cobalt on the surface of a cathode. (b) Co3O4 on an anode. Assume 100% current efficiency...
-
Ball bearings are widely used in industrial applications. You work for an industrial food machinery manufacturer and your role is to design the driveshaft assembly on a new type of equipment that...
-
Diane Simpson, Inc., sells two popular brands of cookies: Dianes Delight and Bessies Bourbon. Dianes Delight goes through the mixing and baking departments, and Bessies Bourbon, a filled cookie, goes...
-
Jason Ackerman is the management accountant for Central Restaurant Supply (CRS). Beth Donaldson, the VRS sales manager, and Jason are meeting to discuss the profitability of one of the customers,...
-
Shiny Car Wash has just today paid for and installed a special machine for polishing cars at one of its several outlets. It is the first day of the companys fiscal year. The machine costs $ 40,000,...
-
Pumas are champion leapers. While showing off to friends, a puma might jump to a height of 3.84 m when leaving the ground at an angle of 45.0. Find the speed with which the puma must leave the ground...
-
How does a customer obtain a Cortex XSOAR dashboard that caters to its needs and processes? Change its processes to conform with the well-tested standard dashboard. Hire a consultant to build it in...
-
Prescott v. Rady Children's Hospital-San Diego Case No.: 16-cv-02408-BTM-JMA S.D. Cal. Sept. 27, 2017 [Katharine Prescott filed suit against Rady Children's Hospital-San Diego (RCHSD) on behalf of...
Study smarter with the SolutionInn App