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ADP Mining Company mines an iron ore called Alpha. During the month of August, 175,000 tons of Alpha were mined and processed at a cost of $525,000. As the Alpha ore is mined, it is processed into Delta and Pi, where 60% of the Alpha output becomes Delta and 40% becomes Pi. Each product can be sold as is or processed into the refined products Super Delta and Precision Pi. Selling prices for these products are:
Processing costs to refine Delta into Super Delta are $840,000; processing costs to refine Pi into Precision Pi are $560,000.Required:
a. Should Delta and Pi be sold as is or refined into Super Delta and Precision Pi?b. Identify any costs in the problem that are not relevant to this decision.c. What is the maximum profit that ADP Mining Company can expect to earn from the production of the 175,000 tons of Alpha?
At a break-even point of 400 units sold, variable expenses were $4,000, and fixed expenses were $2,000. What will the 401st unit sold contribute to profit?
Journalize and post the adjusting entries at January 31 - Determine the ending balance in each of the accounts
question 1sue grabbit amp runne is a firm of solicitors.there are three partners anne mary and jane.there is a
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The company's balance sheets and income statement follow.
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An examination of the accounting records of a fictitious business, the Clowney Company, disclosed a high contribution margin ratio and production at a level below maximum capacity.
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Evaluate the cost of the raw materials used in production during the year and what is the total amount of the costs listed above that are not direct costs of the Brentwood Store?
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