User Account

All Pages

Calculate for each production run

Assignment Help Managerial Accounting
Reference no: EM132560544

XYZ Ltd manufactures two products, Compod and Ultrasene, out of a joint process. The joint costs incurred are $750,000 for a standard production run that generates 120,000 litres of Compod and 80,000 litres of Ultrasene. Compod sells for $6.00 per litre while Ultrasene sells for $9.75 per litre.

Required

Question A. If there are no additional processing costs incurred after the split-off point, calculate, for each production run, the amount of joint cost allocated to Compod on a physical units basis.

Question B. If there are no additional processing costs incurred after the split-off point, calculate, for each production run, the amount of joint cost allocated to Ultrasene on a relative sales value basis.

Question C. Explain what are the net realisable value method and the constant gross profit margin method

Reference no: EM132560544

Questions Cloud

What year will northern scandinavia : What year will northern Scandinavia be 100% free from radiation? ( Strontium-90 half-life = 28.1 years)
What is the molecular orbital diagram : What is the molecular orbital diagram and valence electron configurations for C2^2-
What is standard direct materials cost per unit of product : A company produces, What is the standard direct materials cost per unit of product Hydro? how would joint costs be allocated between products?
Build versus buy : What are some considerations for the buy project, and how are they similar to what you've already learned about building?
Calculate for each production run : Costs incurred after the split-off point, calculate, for each production run, the amount of joint cost allocated to Ultrasene on a relative sales value basis.
Business organizations of all sizes and across the globe : Managing and analyzing data have always offered the greatest benefits for business organizations of all sizes and across the globe.
What amount of pretax earnings would have been reported : What amount of pretax earnings would have been reported by the company if inventory had been reported using the FIFO costing
Compute the cash received from issuing the bonds : The long-term liabilities section of Guyton Enterprises follows. The bonds outstanding on January 1, 20-1, Compute the cash received from issuing the bonds
Various business and it organizational models : Which organizational variation provides the best environment for taking advantage of the SOA framework? What makes this variation advantageous?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Financial measure of-quality

Measure of quality that can be linked to bottom-line performance."Do you agree? Explain. How are financial measures and quality related

  How many rooms-nights per year must the hotel book

How many rooms-nights per year must the hotel book to earn net income (after taxes) of $300,000? The Leavers Hotel annual fixed costs of $3,000,000 for 175-room

  Prepare journal entries to record three transactions list

Prepare the journal entries to record the three transactions listed. (Credit account titles are automatically indented when the amount is entered.)

  Why is it important for the company to know its wacc

Why is it important for the company to know its WACC?  If Company A wanted to lower its WACC what could it do?

  Which costs are relevant to brad decision to purchase

Which costs are relevant to Brad's decision to purchase a new, larger boat?

  What balance in work in process inventory is

Actual overhead was $116,440. Jobs costing $353,240 were completed during 20X5. The December 31, 20X5, balance in work in process inventory is

  Explain what is involved in a product costing system

You, the managerial accountant, are asked by the CFO of Wilson-West Manufacturing to set up a product costing system - Explain what is involved in a product costing system.

  Which management accounting information is false

Which statements regarding management accounting information is false? The cost of providing the information must be considered in the light of the benefits

  How to prepare a schedule of cost of goods sold for month

How to Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.

  Journalize the annual adjusting entries

Journalize the annual adjusting entries that were made - prepare an income statement and a retained earnings statement for the year ending December 31, 2011, and a balance sheet at December 31.

  Discuss strategy from porte model to make quebecor printing

Focused on customized service by using "selective binding" to print. Apply strategies from Porter's model to make Quebecor Printing's business more profitable.

  What is total opportunity cost with taking special order

What is the total opportunity cost associated with taking this special order? And what is the profit or loss Kragle will make if they take this special order?

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