Production of VOFF during the period is 19,000 kilo bags sold at 1,000 ISK per bag...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Production of VOFF during the period is 19,000 kilo bags sold at 1,000 ISK per bag and production of MJÁ is 49,000 kilo bags sold at 1,100 ISK per bag. Special costs for the production of VOFF are 14,000,000 ISK and 28,000,000 ISK of MJÁ. Calculate the distribution of joint costs for MJÁ in the period using the method based on the estimated net realizable value (NRV, Net Realizable Value method) Production of VOFF during the period is 19,000 kilo bags sold at 1,000 ISK per bag and production of MJÁ is 49,000 kilo bags sold at 1,100 ISK per bag. Special costs for the production of VOFF are 14,000,000 ISK and 28,000,000 ISK of MJÁ. Calculate the distribution of joint costs for MJÁ in the period using the method based on the estimated net realizable value (NRV, Net Realizable Value method)
Expert Answer:
Answer rating: 100% (QA)
Step 1 Calculate the total sales value of VOFF and MJ Total sales value of VOFF 19000 kilo bags ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Toys"R"Us, Inc. Case Toys R Us, Inc. and Subsidiaries Notes to the Consolidated Financial Statements Inventory Management We continue to focus on enhancing the customer experience by improving our...
-
Sonimad Sawmill, Inc., purchases logs from independent timber contractors and processes them into the following three types of lumber products. 1. Studs for residential construction (e.g., walls and...
-
For Table 24.1, suppose you think that you omitted a relevant variable, physicians per capita. Would this harm your results for S or H? Explain your view. Table 24.1 (Model 1) The Effect of Community...
-
The Springer Dog Food Company makes dry dog food from two ingredients. The two ingredients (A and B) provide different amounts of protein and vitamins. Ingredient A provides 16 units of protein and 4...
-
Sport Luggage Inc. makes high-end hard-sided luggage for sports equipment. Data concerning three of the companys most popular models appear below. Required: 1. The total time available on the plastic...
-
Dropping a product line (Learning Objective 4)} Suppose Kellogg's is considering dropping its Special-K product line. Assume that during the past year, Special-K's product line income statement...
-
Petes Market is a small local grocery store with only one checkout counter. Assume that shoppers arrive at the checkout lane according to a Poisson probability distribution, with an arrival rate of...
-
Question 1 Dr. C. Raymond of International Medical University (IMC) was thrilled with the response he had received from drug companies for his latest discovery, a type of traditional herb that could...
-
HeathCo is a manufacturing company that produces a line of skiwear that is sold under various brand names. The Product Manager of HeathCo has contracted with you to develop a model to forecast...
-
9 The firm's fixed costs are $60,000, variable cost per unit is $15 and selling price per unit is $20. The break-even point in sales dollars is a. $80,000 b. $120,000 c. $240,000 d. $300,000
-
2 7 The bank made an EFT payment of a telephone bill of $ 5 , 0 0 0 . How would this information be included on the bank reconciliation?
-
b. Prepare a schedule showing the prime cost and total cost of Order 329 with the factory overhead costs applied on each of the three bases; Job Cost Sheet 329 shows the following: raw materials,...
-
How to accrue and measure interest payment obligations, particularly when there\'s a possibility of early redemption? Discuss, analyze and make a conclusion. Refer to FASB to support an
-
Ohio Oil Corporation has two divisions, Refining and Production. The company's primary product is O Oil. Each division's costs are provided below: Production: Variable costs per barrel of oil $ 9...
-
SITUATION#1: Given the beam loaded as shown below. Assuming El to be constant, solve the following: 10 KN 1 m 1 m TTTT A) Location of maximum deflection. B) Magnitude (value) of the maximum...
-
The Post Company is considering investing in two alternative projects: Project 1 Project 2 Investment $400,000 $280,000 Useful life (years) 5 5 Estimated annual net cash inflows for useful life...
-
On 1 July 2021, Croydon Ltd leased ten excavators for five years from Machines4U Ltd. The excavators are expected to have an economic life of 6 years, after which time they will have an expected...
-
Walter is vice president of product development at a big computer maker. At a strategic planning retreat, he talks with the vice president of purchasing and the vice president of production. The...
-
Which of the following statements best explains why an organization would use weighted shortest processing time instead of shortest processing time? a. Jobs differ in how important it is for them to...
-
Which car company is most often associated with the term lean operations? a. General Motors b. Ford c. Toyota d. Honda
-
Bad Debt Expense: Percentage of Credit Sales Method} Kelly's Collectibles sells nearly half its merchandise on credit. During the past four years, the following data were developed for credit sales...
-
(MIRR) For the question above, if your reinvestment or financing rate is 15%, what is the modified IRR?
-
(IRR) You are offered the following two projects: a. What is the IRR of Project A? b. What is the IRR of Project B? c. If your cost of capital is 10%, which project should you choose? A B C D E 1...
Study smarter with the SolutionInn App