Question: Alpha Manufacturing Co. makes one main product, Bravo, and a by-product, Delta, which splits off from the main product when the work is three-fourths completed.

Alpha Manufacturing Co. makes one main product, Bravo, and a by-product, Delta, which splits off from the main product when the work is three-fourths completed. Delta is sold without further processing and without being placed in stock. During June, $1,200 is realized from the sale of the by-product. Make the entries to record the recovery and sale of the by-product, on account, on the assumption that the recovery is treated as one of the following:

a. A reduction in the cost of the main product

b. Other income

Step by Step Solution

★★★★★

3.38 Rating (154 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a ByProduct Inventory 1200 Work in Process 1200 To record the market va... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

298-B-M-A-P-C (1580).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

Make journal entries to record the following transactions. Explanations are not required. May 31 Recorded cash sales of $420,000 for the month, plus sales tax of 5% collected for the state of Maine....

Make journal entries to record the following transactions. Explanations are not required. May 31 Recorded cash sales of $630,000 for the month, plus sales tax of 7% collected for the state of...

Make journal entries to record the following transactions. Explanations are not required. Mar 31 Recorded cash sales of $200,000 for the month, plus HST of 13% collected for the Province of Ontario....

Making journal entries-by-product PDQ Manufacturing Co. makes one main product, $\mathrm{X}$, and a by-product, $Z$, which splits off from the main product when the work is three-fourths...

Alphabet Manufacturing Co. makes one main product, X, and a by-product, Z, which splits off from the main product when the work is three-fourths completed. Product Z is sold without further...

Making journal entriesby-product LO 5 Lindner Manufacturing Co. makes one main product, X, and a by-product, Z, which splits off from the main product when the work is three-fourths completed....

Espana Co. makes one main product, Uno, and a by-product, Dos, which splits off from the main product when the work is three-fourths completed. Dos is sold without further processing and without...

E 6 - 1 6 Making journal entries - by - product Espana Co . makes one main product, Uno, and a by - product, Dos, which splits off from the main product when the work is threefourths completed. Dos...

Making Journal Entries-by-product Espana Company makes one main product, Uno, a by-product, Dos, which splits off from the main product when the work is three-fourths completed. Dos is sold without...

Please can you please answer the attachment below i need assistance MAC3701/2016 COMPULSORY ASSIGNMENT 01/2016 (semester 2) Semester Second Assignment nr 1 Due date Unique number 17/08/2016 753124...

Assume the price of oil (a universal input) decreases. Starting from a long-run equilibrium, use a graph to show what will happen to real GDP and employment in the economy. Also, explain how monetary...

Let InI denote the energy eigenstates of a particle in a one-dimensional simple harmonic potential V(x)=-mox. If the particle is initially prepared in the state |y (1 = 0)) = (10) +|1)), the minimum...

Find the average rate of change of g ( x ) = - 3 x ^ 3 + 5 from x = - 2 to x = 3 .

1. Which of the following is released by the adrenal cortex in response to chronic stress? A) aldosterone B) epinephrine C) cortisol D)A and C 2. Which of the following is secreted as result of a...

The Campbell Company is considering adding a robotic paint sprayer to its production line. The sprayer costs $1,102,500. The machine falls into the MACRS 3-year class, and it would be sold for...

Evaluate the effects of the brand extension strategy (by adding a vegan make-up line) to CoverGirl as a parent brand. Support your answer with at least TWO (2) examples.

Which of the following statements is NOT CORRECT? All else equal, secured debt is less risky than unsecured debt. The expected return on a corporate bond must be less than its promised return if the...

Which of the following statements is not correct with respect to accounting for Guarantees? Multiple Choice a). When one company guarantees the debt of another company, that contingency must be...

10. Diagram the PPF of a closed economy where the relative price of manufactures is higher on the international market than at home. In which direction will the economy specialize if it moves to free...

What are the two alternatives for accounting for the fringe benefits of direct laborers?

A. Jolly of Pittsburgh Manufacturing Company is paid at the rate of $20 an hour for an 8-hour day, with time-and-a-half for overtime and double-time for Sundays and holidays. Regular employment is on...

Using the earnings data developed in E3-1 and assuming that this was the first week of employment for A. Jolly with Pittsburgh Manufacturing Company, prepare the journal entries for the following: a....

Please answer 5. Suppose that a null hypothesis is, in fact, true. And suppose that a Type I error was made in a hypothesis test. What was the decision that was made? [Circle your answer.] (3 pts)...

#Computer Architecture and Organization Convert the following numbers into binary numbers and preform the operations. Show all your working? a) 107 10 + (- 2 10 ) b) 133 10 - 90 10 c) 11 10 x 5 10...

A division of a large corporation is considering the purchase of a new tunneling X-ray microscope for $370,125. The projected net benefits from gains in materials engineering is projected to be...