A Factory produces two products, 'A' and 'B' from a single process. The joint processing costs...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A Factory produces two products, 'A' and 'B' from a single process. The joint processing costs during a particular month are : Direct Material 30,000 Direct Labour 9,600 Variable Overheads 12,000 Fixed Overheads 32,000 Sales: A-100 units@ 600 per unit; B-120 units @ *200 per unit. 1. Apportion joints costs on the basis of: II. (i) Physical Quantity of each product. (ii) Contribution Margin method, and Determine Profit or Loss under both the methods. A Factory produces two products, 'A' and 'B' from a single process. The joint processing costs during a particular month are : Direct Material 30,000 Direct Labour 9,600 Variable Overheads 12,000 Fixed Overheads 32,000 Sales: A-100 units@ 600 per unit; B-120 units @ *200 per unit. 1. Apportion joints costs on the basis of: II. (i) Physical Quantity of each product. (ii) Contribution Margin method, and Determine Profit or Loss under both the methods.
Expert Answer:
Related Book For
Introduction to Management Accounting
ISBN: 978-0133058789
16th edition
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
Posted Date:
Students also viewed these accounting questions
-
Hilltop Corp., acquires Alexandria Inc. for $2.500,000 in a taxable transaction on March 1. The transaction resulted in $500,000 of goodwill? Compute Hilltop's goodwill amortization for this year. a....
-
Write a four to five 45 page paper in which you Analyze the way in which the two 2 countries that you have researched provide services and benefits to its citizens without collecting personal income...
-
Write a paper in which you outline the challenges associated with learning innovation and knowledge management. Identify where you should focus your company first explain your rationale?
-
You and Sam have been in touch since the Palm Beach Business Development Luncheon, and he has expressed interest in your working on his business audit. The two of you make plans to meet for lunch,...
-
At = 0.05, can you support the claim that the proportion of women ages 18 to 24 living in their parents homes was greater in 2012 than in 2000? Use the figure below, which shows the percentages of...
-
Sunspot Beverages, Ltd., of Fiji uses the weighted-average method in its process costing system. It makes blended tropical fruit drinks in two stages. Fruit juices are extracted from fresh fruits and...
-
a. What is the auditor's responsibility for subsequent events? b. How does he discharge this responsibility?
-
Identifying cash inflows and outflows Required Indicate which of the following items will result in cash inflows and which will result in cash outflows. The first one is shown as an example. Item...
-
During 2023, Emily worked as a financial controller for Vector Industries (VI) and earned a salary of $150,000. VI downsized its office space after the pandemic, and adopted a hybrid working policy...
-
Janet just graduated from college, has a job she's scheduled to begin in 3 months and has decided to treat herself to 6 weeks of travel across South America before she buckles down and starts working...
-
The nonlinear pendulum is governed by the equations dv de g sin 0 dt dt Solve using a) forward Euler and b) backward Euler for L = 9 meters, At = 0.1 seconds, vo = 0.6 meters/second and 0, = 0....
-
Suppose you have the following investments: Security Amount Invested Expected Return Beta A $2,000 5% .80 B $4,000 10% .95 C $6,000 15% 1.10 D $8,000 18% 1.40 What is the beta of the portfolio?
-
Suppose you have the following investments: Security Amount Invested Expected Return Beta A $2,000 5% .80 B $4,000 10% .95 C $6,000 15% 1.10 D $8,000 18% 1.40 What is the expected return on this...
-
ABC Corp. invests $85,100 on new equipment for a project lasting 5 years. The equipment belongs in a 20% CCA class and the half-year rule applies. The firm also adds $4,080 to their net working...
-
How one company approaches its marketing efforts can vary quite a bit from another, depending on the product or service each company is trying to sell. By focusing on the elements of the marketing...
-
Radical humanism emphasizes the importance of collective action and community engagement. The social welfare program should be developed through an inclusive and participatory process that involves...
-
What role does intellectual property strategy play in safeguarding innovation investments, incentivizing R&D activities, and enabling firms to capture and capitalize on the value generated by their...
-
In Problems, solve each system of equations. x + 2y + 3z = 5 y + 11z = 21 5y + 9z = 13
-
Failure to meet price standards is the responsibility of the purchasing officer. Do you agree? Explain.
-
Poulsbo Kayak Company makes molded plastic kayaks. Standard costs for an entry-level whitewater kayak are as follows: Direct materials, 60 lb. at $5.50/lb. $330 Direct labor, 1.5 hr. at $16/hrs. 24...
-
In practice, there is often a tendency to simplify approximations of cost-behavior patterns, even though the true underlying behavior is not simple. Choose from the following graphs AH the one that...
-
The following data refer to a compound impulse turbine having two rows of moving blades and one row of fixed blades in between them. Nozzle angle \(=15^{\circ}\), Exit velocity of steam from the...
-
In a \(50 \%\) reaction turbine stage running at \(50 \mathrm{rps}\), the exit angles are \(30^{\circ}\) and the inlet angles are \(50^{\circ}\). The mean diameter is \(1 \mathrm{~m}\). The steam...
-
At a stage of reaction turbine, the mean diameter of rotor is \(1.4 \mathrm{~m}\). the speed ratio is 0.7. Determine the blade inlet angle if the blade outlet angle is \(20^{\circ}\). The rotor speed...
Study smarter with the SolutionInn App