Caldwell company produces three varieties of iron ore xy

Assignment Help Accounting Basics

Reference no: EM13606980

Caldwell company produces three varieties of iron ore, X,Y, & Z from joint processing of raw mineral iron. The amount of each product produced in the first quarter of 2001 is 50,000 pounds, 150,000 pounds, and 300,000 pounds respectively. The selling price of each product per pound is $10, $7, & $3 respectively. The joint cost is $800,000. The seperable processing costs for each product is $40,000, $60,000 and $20,000 respectively. Determine the following: Joint costs allocated to each product X, Y, & Z using the physical volume method, relative sales value method, and net realizable value method. The unit cost of each product using the net realizable value method.

Reference no: EM13606980

Questions Cloud

Sunshine corporation began operations on jul 1 2009 when : sunshine corporation began operations on jul 1 2009. when sunshines first fiscal year ended on jun 30 2010 the balance

A spherical water drop 140 um in diameter is suspended in : a spherical water drop 1.40 um in diameter is suspended in calm air owing to a downward-directed atmospheric electric

An anatomy teacher hypothesizes that the final grades in : an anatomy teacher hypothesizes that the final grades in her class are distributed as 10 as 23 bs 45 cs 14 ds and 8 fs.

Vest corporation sells and issues 100 shares of its 10 par : vest corporation sells and issues 100 shares of its 10 par value common stock as 11 per share. show how this

Caldwell company produces three varieties of iron ore xy : caldwell company produces three varieties of iron ore xy amp z from joint processing of raw mineral iron. the amount of

Arizona company reported accounts receivable of 21200000 at : arizona company reported accounts receivable of 21200000 at the end of its 2009 fiscal year. this amount was net of an

What is the angular radius of the first dark ring for a : consider light from a helium-neon laser 632.8 nanometersstriking a pinhole with a diameter of 0.175mm . at what angle

Compute the lift l and drag d experienced by the aircraft : the 30 mg aircraft is climbing at the angle theta15 with a thrust t of 180 kn. at the instant shown its speed is 300

Draw a graph level output on the vertical axis and time on : draw a graph level output on the vertical axis and time on the horizontal axis. if the long-run trend line of economic

User Account

All Pages