Why does the sales value at splitoff method use the sales value of the total production in
Question:
Why does the sales value at splitoff method use the sales value of the total production in the accounting period and not just the revenues from the products sold?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
This is because when using this method you are using a ...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 9780135628478
17th Edition
Authors: Srikant M. Datar, Madhav V. Rajan
Question Posted:
Students also viewed these Business questions
-
The Cumberland Mine is a small mine that extracts coal in central Alberta. Each tonne of coal mined is 40% Grade A coal, 40% Grade B coal, and 20% coal tar. All output is sold immediately to a local...
-
Beta purchases trees from Vendor and processes them up to the splitoff point where two products (paper and pencil casings) are obtained and sold separately. The following information was collected...
-
Joint-cost allocation with a byproduct. Mat Place purchases old tires and recycles them to produce rubber floor mats and car mats. The company washes, shreds, and molds the recycled tires into...
-
Return to Better Mousetraps in Problem 18. Suppose the firm can cut its requirements for working capital in half by using better inventory control systems. By how much will this increase project NPV?...
-
Steven Levitt and Chad Syverson compared home sales in which real estate agents are hired by others to sell a home to instances in which an agent sells his or her own home. They found that homes...
-
The U.S. government's flagship international educational exchange program, the Fulbright program, is sponsored by the Bureau of Educational and Cultural Affairs. Fulbrights are awarded based on...
-
How should an organization's competitive strategy be evaluated?
-
North Mark (NM) owns vast amounts of corporate bonds. Suppose that on June 30, 2012, NM buys $800,000 of CitiSide bonds at a price of 102. The CitiSide bonds pay cash interest at the annual rate of...
-
The toal foder powesd a tocunt per an a oben is a isines E 127 (4) ila 4. 1412 The toal foder powesd a tocunt per an a oben is a isines E 127 (4) ila 4. 1412
-
Reconsider the Fly-Right Airplane Co. problem introduced in Prob. 12.3-7. A more detailed analysis of the various cost and revenue factors now has revealed that the potential profit from producing...
-
Quality Chicken is computing the ending inventory values for its July 31, 2020, balance sheet. Ending inventory amounts on July 31 are 15 pounds of breasts, 4 pounds of wings, 6 pounds of thighs, 5...
-
Distinguish between a joint product and a byproduct.
-
Fabulous Motor Company makes electric cars and has two products, the Simplegreen and the Fabulousgreen. To produce the Simplegreen, Fabulous Motor employed assets of $ 24,500,000 at the beginning of...
-
Writer One Inc. manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2018 and 2019 was 16,000 units. There was no beginning inventory in 2018. The...
-
1. A corn farmer has observed the following distribution for the number of ears of corn per cornstalk. Ears of Corn Probability 1 2 3 4 .3 .4 .2 .1 Part A: How many ears of corn does he expect on...
-
1. A mass m on a vertical spring with force constant k has an amplitude of A. Using the top of the motion as the origin for both gravitational potential energy and spring potential energy: (a) Find...
-
2. Consider the PDE Utt - Uxx + Ut - Ux = 0 (1) for < < and 0
-
On April 1, 2024, Chardonnay pays an insurance company $12,480 for a two- year fire insurance policy. The entire $12,480 is debited to Prepaid Insurance at the time of the purchase. Record the...
-
The diffusion equation c/t = D 2 c/x 2 where D is a positive constant, describes the diffusion of heat through a solid, or the concentration of a pollutant at time t at a distance x from the source...
-
(a) Bright Sdn Bhd (BSB) is a tax resident manufacturing company in Johor, which involves in ceramic tiles. Currently, BSBs annual sales turnover has been forecasted to be around RM 300,000 for the...
-
Diane Simpson, Inc., sells two popular brands of cookies: Dianes Delight and Bessies Bourbon. Dianes Delight goes through the mixing and baking departments, and Bessies Bourbon, a filled cookie, goes...
-
Jason Ackerman is the management accountant for Central Restaurant Supply (CRS). Beth Donaldson, the VRS sales manager, and Jason are meeting to discuss the profitability of one of the customers,...
-
Shiny Car Wash has just today paid for and installed a special machine for polishing cars at one of its several outlets. It is the first day of the companys fiscal year. The machine costs $ 40,000,...
-
Which of the following journal entries will record the payment of a $1,500 salaries payable originally incurred for Salaries Expense? Select one: A. Debit Salaries Expense; credit Salaries Payable B....
-
What is the definition of substantially appreciated inventory? A. Inventory with a FMV greater than its basis B. Inventory and unrealized receivables with a FMV greater than their basis C. Inventory...
-
Case Products manufactures two models of DVD storage cases: regular and deluxe. Presented is standard cost information for each model: Cost Components Regular Deluxe Direct materials Lumber 2 board...
Study smarter with the SolutionInn App