Why might the number of products in a joint-cost situation differ from the number of outputs? Give
Question:
Why might the number of products in a joint-cost situation differ from the number of outputs? Give an example.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 92% (13 reviews)
A product is any output that has a positive sales value or an output that enables a compa...View the full answer
Answered By
John Kago
Am a processional practicing accountant with 5 years experience in practice, I also happens to have hands on experience in economic analysis and statistical research for 3 years. am well conversant with Accounting packages, sage, pastel, quick books, hansa world, etc, I have real work experience with Strata, and SPSS
4.70+
31+ Reviews
77+ Question Solved
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
Question Posted:
Students also viewed these Cost Accounting questions
-
Different types of business customer can be found in business market. Illustrate each type of business customer with different industries example
-
Discuss in one or two well-developed paragraphs how you can measure whether your writing meets standards for readability. As you may know, you can use Word to determine the reading grade level of...
-
Why might the number 112 be assigned to Accounts Receivable and the number 1120708 to Carl Erickson, a customer?
-
Sumit's age after 12 years will be 6 times his age 8 years back. What is the present age of Sumit? (a) 10 (b) 12 (c) 14 (d) 15 (e) 18
-
Two rocket ships approach Earth from opposite directions, each with a speed of 0.85c relative to Earth. What is the speed of one ship relative to the other?
-
Y = x + 2
-
Bolt Industries is facing increased competition and wants to borrow $10 million in cash to protect against future revenue shortfalls. Currently, long-term AA rates are 10%. Given its credit rating,...
-
Glass Company is thinking about acquiring Plastic Company. Glass Company is considering two methods of accomplishing control and is wondering how the accounting treatment will differ under each...
-
1. What is Stock Market Analysis. Explain in Detail? 2. Discuss about Nature and Scope of Stock Market Analysis. 3. Discuss about Basics of Stock Market Analysis. 4. What is Investment? Explain in...
-
The following trial balance was extracted from the books of Alice Ltd, a wine merchant, at the close of business on 31 December 2020 Trial Balance Capital Purchases Sales Revenue Trade payable Trade...
-
Distinguish between a joint product and a byproduct?
-
Provide three reasons for allocating joint costs to individual products or services?
-
Assuming that the seventh period of the periodic table has 32 members, what should be the atomic number of (a) The noble gas following radon (Rn); (b) The alkali metal following francium (Fr)?
-
Explore your friends interests with projective techniques. Lets say you have three options you want to hone in onYosemite National Park in California, Yellowstone National Park in Wyoming, and the...
-
Explain how the working capital cycle is calculated.
-
Finally, keeping the persona you developed in mind, create a customer journey map for the brand you chose, following the example in table 5.1. Table 5.1: Table 5.1. Allison Family Customer Journey...
-
Department A is required to transfer 50% of its output to Department B at cost. Department B adds value to the product and then sells to outside customers. Manager A complains that the performance of...
-
Define, and explain the use of, return on investment as a measure of divisional performance.
-
One of the GLOBE Project teams nine cultural variables is future orientation, which refers to the level of importance a society attaches to future-oriented behaviors, such as planning and investing...
-
What kind of financial pressures can an LBO cause?
-
A 10.0-mL sample of 0.200 M hydrocyanic acid (HCN) is titrated with 0.0998 M NaOH. What is the pH at the equivalence point? For hydrocyanic acid, pK a = 9.31. a) 7.00 b) 8.76 c) 9.31 d) 11.07
-
French Ltd is about to commence operations utilizing a simple production process to produce two products X and Y. It is the policy of French to operate the new factory at its maximum output in the...
-
AB plc makes two products, Alpha and Beta. The company made a 500 000 profit last year and proposes an identical plan for the coming year. The relevant data for last year are summarized in Table 1....
-
Nuts plc produces alpha and beta in two stages. The separation process produces crude alpha and beta from a raw material costing 170 per tonne. The cost of the separation process is 100 per tonne of...
-
Vanguard Corporation issued $8,000,000 of 10% bonds on September 1, 2023, due on September 1, 2029. The interest is to be paid twice a year on August 31 and February 28. The bonds were sold to yield...
-
If football matches were shortened form 90 minutes to 45 minutes, would you expect more uncertainty of outcome or less? Refer to any sports economic theories.
-
The Canadian Restaurant Association states that the restaurant industry has an economic effect of more than $1.7 trillion annually, with every dollar spent in restaurants generating an estimated...
Study smarter with the SolutionInn App