The Sun Inc. produces four joint products - product A, product B, product C and product D.
Fantastic news! We've Found the answer you've been seeking!
Question:
The Sun Inc. produces four joint products - product A, product B, product C and product D. The joint production cost at split-off point is $70,000. The data for the month of April is given below:
Transcribed Image Text:
Product Unites produced Ultimate market value Processing Weight cost after factors per unit split-off ABCD 5,000 $5.50 $1,500 3.0 points 20,000 1.60 3,000 2.0 points 15,000 1.50 2,500 4.0 points 10,000 3.00 5,000 2.5 points Product Unites produced Ultimate market value Processing Weight cost after factors per unit split-off ABCD 5,000 $5.50 $1,500 3.0 points 20,000 1.60 3,000 2.0 points 15,000 1.50 2,500 4.0 points 10,000 3.00 5,000 2.5 points
Expert Answer:
Answer rating: 100% (QA)
Answer To allocate the joint production cost among the four joint products we can use the physical units method or the relative sales value method 1 P... View the full answer
Posted Date:
Students also viewed these accounting questions
-
What is the price of a bank bill with a face value of $ 1 0 0 , 0 0 0 and 1 4 5 days until maturity that is issued at a yield of 8 % p . a . ? Please write the answer in two decimal places.
-
a) Mr and Mrs J were directors of a company, E Services Ltd. The company's bank accounts were always in credit - often to a very significant extent - and had never caused the firm any difficulties or...
-
Miller-Rabin test to check whether a number N is composite. This will involve computing a N1 mod N for some value of a. [10 marks] Carry out the steps for N = 65 and a = 1, 2, 8 and 12. on what each...
-
1. Jowel, the financial manager for Berjayasama Bhd, wishes to evaluate three potential investments: Investment A, Investments B and Investment C. Table 1 shows the expected returns. You have been...
-
Its common for a top-level manager (i.e., your boss) to watch a single focus group and get excited about something a customer says, and prepare a marketing plan around it. Why do you know this is...
-
A proposed new investment has projected sales of $830,000. Variable costs are 60 percent of sales, and fixed costs are $181,000; depreciation is $77,000. Prepare a pro forma income statement assuming...
-
Using the data in Table 8.8, calculate the profit multipliers and review your answers by producing a full profit sensitivity analysis report.
-
Sports Drinks, Inc. began business in 2013 selling bottles of a thirst- quenching drink. Production for the first year was 104,000 bottles, and sales were 98,000 bottles. The selling price per bottle...
-
(1 point) Find a vector orthogonal to both (-3, 1, 0) and to (0, 1, -2) of the form (1.0.0)
-
Lucia Company has set the following stendard cost per unit for direct materials and direct labor Direct naterials (15 pounds @ $5 per pound) Direct labor (3 hours $16 per hour) $ 75 During May the...
-
Plan a project to build and ultimately sell an electric motorcycle. To receive full credit, all of the following must be provided: Define a best fit PMLC model for this project Establish requirements...
-
What problem is associated with including recommendations in audit findings? How does the Standards for the Professional Practice of Internal Auditing address the question of making audit...
-
In auditing ICFR for a public company client, Emily finds that the com- pany has a significant subsidiary located in a foreign country. Emily's accounting firm has no offices in that country, and the...
-
What are the five components of an audit finding?
-
Audit evidence concerning proper segregation of duties ordinarily is best obtained by a. Inspection of documents prepared by a third party, but which contain the initials of those applying client...
-
AnnaLisa, an auditor for N. M. Neal & Associates, is prevented by the management of Lileah Company from auditing controls over inventory. Lileah is a public company. Management explains that controls...
-
4. You are given the tableau shown in Table 74 for a maximization problem. Give conditions on the unknowns a1, a2, a3, b, and c that make the following statements true: The current solution is...
-
Air pollution generated by a steel mill is an example of a) a positive production externality. b) a negative production externality. c) a public good. d) the free-rider problem. State and local taxes...
-
Name the various components of a measurement system.
-
Kemico Ltd manufactures a variety of chemicals which it supplies in bulk to industrial customers. Its factory at Gritborough employs 50 people, and its annual turnover in 1995 was 7.5M. During 1995,...
-
Define the term measurement.
Study smarter with the SolutionInn App