User Account

All Pages

Based on relative sales values at the split off point

Assignment Help Managerial Accounting
Reference no: EM13957259

Bailey Products produces two joint products (A and B). Prior to the split-off point, the company incurs costs of $6,000. Product A weighs 30 pounds, and Product B weighs 120 pounds. Product A sells for $100 per pound, and Product B sells for $35 per pound.

Required:

a. Based on relative sales values at the split-off point, allocate joint costs to Products A and B.

b. Under what condition would the cost allocated using relative sales values be greater than the selling price of joint product? 

Reference no: EM13957259

Questions Cloud

What was the precursor to tcp-ip and what is an rfc : What was the precursor to TCP/IP? When was TCP/IP adopted as the Internet standard? Who were the authors of TCP/IP? What is an RFC?
Two components of the total risk of a security : What are the two components of the total risk of a security and how can these be mitigated? Are there any others you can think of? Have you used any of these tools and if so did you find them useful?
Other methods could be effective providing details : Select one of your favorite products (appropriate for discussion) and what method it typically uses for advertisement (cognitive, emotional, image, or endorsement). Out of the four types, suggest how one of the other methods could be effective provid..
Determine the probability of each category. : Use this tree diagram and the probability determined in part (a) to calculate the probability that she should receive at least one payment exactly on time.
Based on relative sales values at the split off point : Under what condition would the cost allocated using relative sales values be greater than the selling price of joint product?
Discuss whether decisions to outsource data centers : Discuss whether decisions to outsource help desk were the right one for J-TRADING strategically. Discuss whether decisions to outsource data centers were the right one for J-TRADING strategically.
The genesis energy operations management : The Genesis Energy operations management team is now preparing to implement the operating expansion plan. Previously, the firm's cash position did not pose a challenge. However, the planned foreign expansion requires Genesis Energy to have a relia..
Internet research to learn more about web-based companies : You can use a search engine, or start by visiting the Web sites of publications such as Forbes, Fortune Magazine, Business Week, or The Wall Street Journal, among others.
What constitutes a valid contract : Threaded discussion not a paper: Answer each question directly under the question minimum at least 3 sentences per question.(1) Class, now that we have an understanding of what constitutes a valid contract and some of the remedies for breach, let's f..

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Compute its debt ratio as of december

1.Refer to Piaggio's financial statements in Appendix A. Compute its debt ratio as of December 31, 2011, and December 31, 2010.

  Evaluate world airlines use of air miles

Evaluate World Airlines use of air miles as a basis for allocation. Do you think the cause-and-effect relationship is strong and suggest alternative methods toallocate the servicedepartment costs.

  The following refers to units processed in sunfllower

Compute the total equivalent units of production with respect to labor for March using the weighted average inventory method.

  Develop a value chain for the airline industry

Develop a value chain for the airline industry

  Financial controller of a corporation

HOHO (Help Our Homeless Offspring) is a charity that works at reuniting homeless children with their families. It also operates numerous halfway homes for their care, counselling and shelter.

  What two items are most responsible for the difference

What two items are most responsible for the difference between Target's net income and its cash flow from operating activities in 2010?

  George ltd manufactures

George Ltd manufactures two types of coils used in electric motors. The two types are: C20 and D40. They both require plastic and metal

  Prepare a table that shows the total cost of fuel

Prepare a table that shows the total cost of fuel and unit cost for miles traveled ranging from 0 to 10,000 miles, using increments of 2,000 miles.

  Which company is more efficient in generating net sales

1. Compute total asset turnover for the most recent two years for Polaris and Arctic Cat using the data shown.

  Prepare the journal entries for this issuance

The selling price of the package is 102. At the time of sale, the market value of the bonds without the warrants is $48 and the market value of the warrants is $20 each. Prepare the journal entries for this issuance.

  Assuming hillside uses gaap determine the book value

Assuming Hillside uses GAAP determine the book value and the amount of any gain or loss recognized on the 2013 and 2014 financial statements.

  Determine the cash inflow from the issue of common stock

On January 1, 2013, Milam Company had a balance of $300,000 in its Common Stock account. During 2013, Milam paid $18,000 to purchase treasury stock.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd