Question: The weighted average method uses weight factors in conjunction with physical measures because a. the joint process includes a product that requires extra machine time

The weighted average method uses weight factors in conjunction with physical measures because a. the joint process includes a product that requires extra machine time and creates greater wear and tear on the processing machines b. physical units alone are sufficient to provide the most reasonable allocation method c. the market value of the joint process should be weighted more heavily toward one of the products d. the net realizable value of one product is greater than that of another product made with the same joint process

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The correct answer is a the joint process includes a pro... 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

Students Have Also Explored These Related Accounting Questions!

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...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...

The weighted average method uses weight factors in conjunction with physical measures because a. the joint process includes a product that requires extra machine time and creates greater wear and...

1. Which of the following methods allocates joint costs using a measure such as pounds, gallons, or inches at the split-off point? a.weighted average method b.net realizable value method c.physical...

Content Area The weighted average method uses weight factors in conjunction with physical measures because a. physical units alone are sufficient to provide the most reasonable allocation method b....

Which of the following is the rationale behind why the weighted average method uses weight factors in conjunction with physical measures? a . Physical units ( measures ) alone provide the most...

The weighted average method uses weight factors in conjunction with phyilcal measures because a . the net realizable value of one prodact is greater than that of anodher prodact mable wids the same...

What are the advantages of having a cross functional team develop the business case?

How do you identify the components of a food chain in an ecosystem? Procedure: 1. Read an article about Monfort Bat Cave. 2. Read the following questions and write your answer on the space provided....

Assume you bought a 5 year certificate of deposit ( CD ) last year which pays 5 % . If you decide to cash out of your CD before 5 years, then the bank will impose a severe penalty by reducing the...

A piece of zinc of mass 5.0 g is dropped into a beaker of excess dilute hydrochloride acid. Calculate the magnitude of work done (in J) as a result of the reaction. The atmospheric pressure is 1.1...

When 'q' amount of heat is given to one mole of a monoatomic gas, it does q/2 amount of work on surroundings. Find the heat capacity of the system in J K mol". [Take R= 8.314 J/K/mol] Backspace 7 89...

Which of the following statement(s) is/are correct and are linked to second law of thermodynamics? (A) There exists a natural asymmetry between converting heat to work and work to heat. (B) A natural...

Consider a two-phase system that consists of liquid water in equilibrium with water vapour kept in a constant temperature bath. The volume of the system is increased reversibly, holding T and P...

F 4 5 S Inc. is a rapidly growing atheltic club. F 4 5 S maintains a lot of inventory and uses NetSuite to manage its inventory. F 4 5 S Inc. recently acquired Top Gym Ltd . which uses Jonas to...

David Sharma sells masks, textiles, and other goods imported from Africa. David usually marks up his purchases by 300% (that is, if he pays $10 for an item, he lists it at $40). His annual sales...

Serene Comfort sells a wide range of mattresses, beds, and other bedroom furniture. For the most recent year, they provide the following data: Beginning inventory .... $2,450,000 Cost of purchases...

What is the key difference between a long-term and a short-term decision?

The cost of goods sold for Canadian Tire for a recent year was $7,326 million. The balance sheet showed the following current account balances (in millions): Determine the amount of cash payments for...

On the basis of the details of the following bonds payable and related discount accounts, indicate the items to be reported in the Financing section of the statement of cash flows, assuming no gain...

Union Financial Services Ltd. purchased the following held-for-trading securities during 2014, its first year of operations: There were no sales of securities during 2014 or 2015. The market price...