What amount of joint cost is allocated to each of the three products using the relative sales
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: 62% (16 reviews)
The cost allocations are shown below Sales Value Units at Percen...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ 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?
-
Solomon Company's cost and production data for two recent months included the following: March April Production (units) 400 600 $2,400 $ $2,400 $1,200 Rent Utilities 800 Required a. Separately...
-
The basicity constants of N,N-dimethylaniline and pyridine are almost the same, whereas 4-(N,N-dimethylamino)pyridine is considerably more basic than either. Identify the more basic of the two...
-
What is the unadjusted bank statement balance on December 31, 2020? * PROBLEM 4: Atlas Company kept all cash in a checking account. An examination of the accounting records and bank statement for the...
-
If you were to develop a system for investigating officer-involved shootings, who would you task with determining whether an officers actions were legal? Would members of the department make that...
-
Explain how a data warehouse database is fundamentally different from a transaction processing database.
-
Sheffield, Inc. began work on a $6,818,000 contract in 2020 to construct an office building. Sheffield uses the completed-contract method. At December 31, 2020, the balances in certain accounts were...
-
Table 1 shows Apple's online orders for the last week. When shoppers place an online order, several "recommended products" (upsells) are shown as at checkout an attempt to upsell See table 2 in cell...
-
What percentage of service department 2s costs are allocated to P1 and to P2 under the directmethod? Percentage Service Provided to: S2 P1 P2 $112,000 0% 40% 40% 20% S1 Department Service 1 Service 2...
-
What amount of joint cost is allocated to each of the three products using the physical unitsmethod? Units at Split-Off 240 960 1,200 2,400 Sales Value at Split-Off $130,000 Product 50,000 20,000...
-
1. Based on the balance sheet excerpt for Apple Inc. in Exhibit 5 , what percentage of its total accounts receivable in 2009 and 2008 does Apple estimate will be uncollectible? 2. In general, how...
-
Finding Confidence Intervals. In Exercises 9-16, assume that each sample is a simple random sample obtained from a population with a normal distribution. Professor Evaluation Scores Listed below are...
-
Pacifico Company, a U . S . - based importer of beer and wine, purchased 1 , 7 0 0 cases of Oktoberfest - style beer from a German supplier for 4 5 9 , 0 0 0 euros. Relevant U . S . dollar exchange...
-
7.C. a. When you add two vectors you get another vector: yes or no? b. When you subtract two vectors you get another vector: yes or no? c. Given the coordinate system below where increasing numbers...
-
Problem 1 At a given instant, the position of a plane at A and a train at B are measured relative to a radar antenna at O. Determine the distance d between A and B at this instant. To solve the...
-
The Bell-Boeing V-22 Osprey tiltrotor is both an airplane and a helicopter. It's advantage is the ability to rotate its engines and rotors to vertical position for take-off, landings, and helicopter...
-
Inquiry, Analytical Procedures and Observation. In the examination of financial statements, auditors must judge the validity of the audit evidence they obtain. For the following questions, assume...
-
As indicated by mutual fund flows, investors tend to beat the market seek safety invest in last year's winner invest in last years loser
-
For each of the following, should you use seasonally adjusted data? Why or why not? a. You are trying to look at economic growth over the past few quarters and you want to figure out the trend so...
-
For the following three firms using the given factors, calculate a reasonable Stability Position (SP) coordinate to go on the SPACE Matrix axis, given what you know about the nature of those...
-
Would the angle or degrees of the vector in a SPACE Matrix be important in generating alternative strategies? Explain.
-
On the competitive position (CP) axis of a SPACE Matrix, what level of capacity utilization would be necessary for you to give the firm a negative 1? Negative 7? Why?
-
You want to invest annual amounts over the next 15 years. If your goal is to have $15,000 at the end of that time and if you can earn 8 percent on your invested funds, how much do you need to invest...
-
please explain thoroughly how to do in excel 1. Find the number of units to ship from each factory to each customer that minimizes total cost
-
For esch of the following Independent tranactiona, determine the minimum amount of net income or loas for tox purposes snd the tsxpsyer to which it applies. 1 An individual purchases a $ 1 0 , 0 0 0...
Study smarter with the SolutionInn App