What amount of joint cost is allocated to each of the three products using the physical unitsmethod?
Question:
Transcribed Image Text:
Units at Split-Off 240 960 1,200 2,400 Sales Value at Split-Off $130,000 Product 50,000 20,000 $200,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
The cost allocations are shown below Sales Value Units at Percen...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
Question Posted:
Students also viewed these Management Leadership questions
-
Given the contribution made on each of the three products in the following table and their position in the life cycle, identify a reasonable operations strategy foreach: Company Contribation Product...
-
Joint Costs in different industries may be allocated using any of the following methods, except: A. Relative cubit footage of gases from a gas exploration process B. Relative sales value of fresh...
-
The allocation of a joint cost among joint products is essentially an arbitrary process. If this statement is true, then why allocate?
-
What are some ways that the antibody-protein complex can be visualized in ELISA or western blots?
-
Methamphetamine is a notorious street drug. One synthesis involves reductive amination of benzyl methyl ketone with methylamine. What is the structure of methamphetamine?
-
The digits 1 through 9 have evolved considerably since they appeared in Fibonaccis book Liber Abacci. Write a report tracing the history of the evolution of the digits 1 through 9 since Fibonaccis...
-
Identify requirement categories.
-
Baker, CPA, was engaged to audit Mill Company's financial statements for the year ended September 30, 20X1. After obtaining an understanding of Mill's internal control structure, Baker decided to...
-
[1] In Calculus, it can be proven that Write a MATLAB script that approximates this infinite series by a finite such that the absolute error falls below a certain tolerance entered by the user. For...
-
Develop a deployment diagram for the following description of a Face book application. The Face book platform is available for entrepreneurs to develop applications for use among all Face book users....
-
What amount of joint cost is allocated to each of the three products using the relative sales valuemethod? Units at Split-Off 240 960 1,200 2,400 Sales Value at Split-Off $130,000 Product 50,000...
-
Assume that the total sales value at the split-off point for product 1 is $50,000 instead of $130,000 and the sales value of product 3 is $2,000 instead of $20,000. Assume also that, because of its...
-
The Mariana trench is located in the floor of the Pacific Ocean at a depth of about 11 000 m below the surface of the water. The density of seawater is 1025 kg/m3. (a) If an underwater vehicle were...
-
The minimum distance between any point (x, y) on the curve y=x and the point (1, 0) is
-
If F(x) = f(g(x)), where f(-5)=7, f'(-5)= 8, f'(1) = 4, g(1) = -5, and g'(1) = 5, find F'(1). F'(1) = Need Help? Read It Watch It
-
Find the x-values on the curve y = 2- x where the tangent line has a slope of
-
Find all x [0,2] that satisfy 3sin x + 3sin^2 x=0
-
Calculate the integral cos(x) sin(x) dx
-
How many objects are in 1 mol? What is the common name for this number of objects?
-
Differentiate the following terms/concepts: a. Personality types and money attitudes b. Planners and avoiders c. Moderating and adapting to biases d. "Perfectible judges" and "incorrigible judges"
-
Explain how you would use the five tips to track the economy to form an outlook of the economy and job market you are hoping to enter after finishing your education. Go online to find data that will...
-
Describe a situation where the SPACE analysis would have no vector. In other words, describe a situation where the SPACE analysis coordinate would be (0,0). What should an analyst do in this...
-
Develop a BCG Matrix for your university. Because your college does not generate profits, what would be a good surrogate for the pie slice values? How many circles do you have and how large are they?...
-
Minorities and women each hold less than 15 percent of board seats of S&P 500 companies. Why is this not good?
-
= 1 and we i) Consider the function h(x) =x sin(x). We seek to find where h(x) will do so by using the bisection method to find the root of f(x) = h(x) 1. Use the intermediate value theorem to argue...
-
A major sports league, comprised of 200 players, reported a loss of $580 million this year. The sports league has yearly fixed costs of $700 million. The league is considering shutting down for the...
-
Use the one-period model to explain why a tax on capital is not a good idea. Determine the effects of capital tax on aggregate output, consumption, employment, and the real wage. Please use diagrams...
Study smarter with the SolutionInn App