FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In a manufacturing process, 1000 units of Grade 1 product and 500 units of Grade 2 product are made at a pre separation cost of

image text in transcribed
In a manufacturing process, 1000 units of Grade 1 product and 500 units of Grade 2 product are made at a pre separation cost of OMR 33,000. You are required to apportion the joint cost on the basis of technical evaluation with points 4:3 respectively between Grade and Grade 2 products. a. Grade 1 OMR 24,000, Grade 2 OMR 9,000 b. Grade 1 OMR 22,000, Grade 2 OMR 11,000 c. Grade 1 OMR 18,800, Grade 2 OMR 14,200 O d. None of the options

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing & Assurance Services

Auditing & Assurance Services

Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau

8th Edition

978-1260703733, 1260703738

More Books

Students also viewed these Accounting questions

Question

★★★★★
What protection does the Securities Investor Protection Corporation (SIPC) provide for securities investors? How are mediation and arbitration procedures used to settle disputes between investors and...

Answered: 1 week ago

Question

★★★★★
Milk production. Whether pasteurized or raw, both the European Economic Council (EEC) and the U.S. Food and Drug Administration (USFDA) require that milk sold to consumers contain no more than 10...

Answered: 1 week ago

Question

★★★★★
The 2017 accounting records of Blocker Transport reveal these transactions and events. Instructions Prepare the cash flows from operating activities section using the direct method. (Not all of the...

Answered: 1 week ago

Question

★★★★★
In a research note on the ordinary shares of the MB Fashion Group dated early July 2020 when a recent price was $7.73 and projected annual dividends were $0.05, an analyst stated a target price of...

Answered: 1 week ago

Question

★★★★★
A project with a life of 6 has an initial fixed asset investment of $34,860, an initial NWC investment of $3,320, and an annual OCF of $53,120. The fixed asset is fully depreciated over the life of...

Answered: 1 week ago

Question

★★★★★
you should draft a description of the project ((project name Marketing for the Clubs Hubspot))and an initial write up of your stakeholders - identify the stakeholders. For each stakeholder and/or...

Answered: 1 week ago

Question

★★★★★
Thinking of a manufacturing company, how might probability be a part of their quality control? Which companies might consider more outcomes as "unusual" based on the sensitivity of what they produce?...

Answered: 1 week ago

Question

★★★★★
Indicate if the following statements are true (T) or false (F): 1. Question 1 The efficient frontier will always contain the cheapest company in the industry. 2 points True False 2. Question 2 There...

Answered: 1 week ago

Question

★★★★★
On the Capella library's website on selecting a database, they provide an overview of the databases available through the university library. There are certain collections that are considered _______...

Answered: 1 week ago

Question

★★★★★
The question "What is the organization's mission?" is most closely tied to which task below? Question 7Answer a. Assess relationships with revenue sources. b. Search for cultural artifacts. c....

Answered: 1 week ago

Question

★★★★★
Explain how training and development play an important role in Witness.org.

Answered: 1 week ago

Question

★★★★★
How does identifying the intended outcomes of a training shape the training itself?

Answered: 1 week ago

Question

★★★★★
Explain what specific training tools and processes discussed in this chapter you would use to implement a know, show, do training approach.

Answered: 1 week ago

Previous Question Next Question