When is the sales value method preferable to the quantity method as a means of allocating joint
Question:
When is the sales value method preferable to the quantity method as a means of allocating joint costs? In many manufacturing processes, waste products and by-products are produced. What problems do these present in costing the main product and how are they overcome?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain
Question Posted:
Students also viewed these Business questions
-
THIRD AVENUE SOFTWARE HEALTH-CARE APP PROJECT This case is new for the ninth edition of Information Technology Project Management . The case provides an opportunity to apply agile and Scrum...
-
Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Write an application to simulate the rolling of two dice. The application should use an object of class Random once to roll the first die and again to roll the second die. The sum of the two values...
-
Discuss the implications of the financial crisis in Greece on other countries in the euro zone. What does the loss of confidence in Greece and in Spain, Portugal, and Italy as well mean for the bloc?
-
What types of punishment are considered cruel and unusual?
-
On October 1, 2017, Gordon borrows \($150\),000 cash from a bank by signing a three-year installment note bearing 10% interest. The note requires equal payments of \($60\),316 each year on September...
-
Comfi Airways, Inc., a small two-plane passenger airline, has asked for your assistance in some basic analysis of its operations. Both planes seat 10 passengers each, and they fly commuters from...
-
There are four types of relational models: communal sharing, authority ranking, equality matching, and market pricing. Which relational models do you use in your interpersonal interactions? Is one...
-
A manufacturer can sell part of the output of process 1 as it is or process it further in process 2. What cost are relevant in a decision to sell it as it is or to process it further? What costs are...
-
What is meant by the split-off point? What is its significance in product costing?
-
Graph each function. Give the domain and range. f(x) = log (x + 3)
-
For the beam and loading shown, determine (a) the reaction at A, (b) the tension in cable BC.
-
1. Demonstrate the use of child-focused work practices in range of interactions with children or young people who have been abused or neglected. Document or report on the procedures you follow and...
-
Adams Manufacturing Inc. buys $9.9 million of materials (net of discounts) on terms of 2/10, net 50; and it currently pays after 10 days and takes the discounts. Adams plans to expand, which will...
-
If the nominal rate of interest is 12.65% and the real rate of interest is 8.12%, what is the expected rate of inflation?
-
The Rolling Dough Dessert Company currently has debt which consists of 8 percent coupon bonds (semi-annual coupon payments) which have a maturity of 14 years and are currently priced at $1,154 per...
-
Two identical cars A and B are at rest on a loading dock with brakes released. Car C, of a slightly different style but of the same weight, has been pushed by dockworkers and hits car B with a...
-
What is the expected payoff of an investment that yields $5,000 with a probability of 0.15 and $500 with a probability of 0.85? Select one: O a. $325 O b. $5,500 O c. $2,750 O d. $1,175
-
Read The Effect of an Online Self-Assessment Tool on Nonprofit Board Performance by Harrison and Murray. (See Articles.) What types of governance issues did the respondents perceive as most...
-
Read The Effect of an Online Self-Assessment Tool on Nonprofit Board Performance by Harrison and Murray. What changes in governance behavior and practices were reported by the survey respondents...
-
Read Board Oversight of Patient Care Quality in Large Nonprofit Health Systems by Prybil, Bardach, and Fardo. (See Articles.) What do studies conducted by the Institute of Medicine, The Commonwealth...
-
1. Why are habituation and dishabituation of particular interest to cognitive psychologists? 2. Compare and contrast the theories of visual search described in this chapter. Choose one of the...
-
1. What is implicit memory? 2. Why does it make sense to consider culture when doing research on memory in different countries? 3. What is the difference between the sensory store and the short-term...
-
1. In what ways do propositional forms of knowledge representation influence performance on tasks involving mental imagery? 2. What are some strengths and weaknesses of ERP studies? 3. Some people...
Study smarter with the SolutionInn App