User Account

All Pages

Compute the total production cost for each product

Assignment Help Cost Accounting
Reference no: EM132611253

Miller Company manufactures three products, A,B and C from a joint process. The joint cost for January totaled Rs. 100,000. Additional January information follows

Product                 Quantity         Processing Cost after Split-Off                 Ultimate Market Value

A                            3,000                   Rs. 20,000                                     Rs. 60,000

B                             4,000                       Rs. 30,000                               Rs. 110,000

C                              3,000                        Rs. 50,000                              Rs. 90,000

Required:

Question 1. Compute the total production cost for each product using average unit cost method.

Question 2. Compute the total production cost for each product using the market value method

Reference no: EM132611253

Questions Cloud

Compute the net present value for linus company : Compute the net present value for Linus Company if the required rate of return is 10% and the initial investment is $80,000 with the following cash flows
Prepare the journal entries to record pension expense : Prepare the journal entries to record pension expense and the employer's contributions for 2020. Calculate the pension expense to be reported for 2020
Write description of enterprise risk management : Description of enterprise risk management. Why do you feel ERM is different from traditional risk management? APA Format, 1 page.
Compute the discounted payback period with an investment : Compute the discounted payback period with an investment that will cost $70,000 and a cost of capital of 12% with the following cash flows.
Compute the total production cost for each product : Miller Company manufactures three products, A,B and C. Compute the total production cost for each product using average unit cost method.
How difficult were the policies to locate : How difficult were the policies to locate? Why might that be? What are the critical components of the policies? How do they reflect the company.
Find the amount of the unrealised gain on sale : The asset originally cost $10,000 and at the date of sale accumulated depreciation was $1,000. The amount of the unrealised gain on sale to be eliminated is
MA509 Accounting Information Systems Assignment : MA509 Accounting Information Systems Assignment Help and Solution, Melbourne Institute of Technology - Assessment Writing Service
Define components that included in document retention policy : The Hollywood Organic Co-op is in the process of implementing an electronic document management system (EDMS). There are five stores in the co-op.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Do we have everything we need on sales and costs

"Do we have everything we need on sales and costs?" you ask. "It must be time to compute the net present value (NPV) and internal rate of return (IRR) of the Apix expansion project."

  Develop plan of liquidation and liquidate

Each shareholder owns some other depreciated business properties that they could give to the corporation as a contribution to capital approximately 20 months before they formally develop their plan of liquidation and liquidate the corporation.

  Financial statements or footnotes

Give any audit steps that Rekdahl should conduct to evaluate if the company is in compliance with the bond indentures and show any reporting requirements that financial statements or footnotes should include.

  Problem regarding the cost accumulation

On September 25, 2013, a hurricane destroyed the work in process inventory of Biloxi Corporation. At that time, the company was in the process of manufacturing

  Questionchips home brew whiskey management forecasts that

questionchips home brew whiskey management forecasts that if the firm sells every bottle of snake-bite for 20 then the

  Explain what is meant by forward commitments

Explain what is meant by forward commitments and standby forward commitments. Which part of the mortgage banker's pipeline is often hedged with forward commitments

  How do calculate the total cost based on the eoq

Calculate the total cost based on the EOQ. Calculate the total cost for each individual alternate order quantities, including the current policy.

  Prepare the cost of goods manufactured schedule

Prepare the cost of goods manufactured schedule for the month of April.

  The investment policy statement of an institution

The investment policy statement of an institution must be concerned with all of the fol- lowing except: Its obligations to its clients. The level of the market. Legal regulations. Taxation.

  Cost-volume-profit analysis for non accountants

Preparing a seminar on cost-volume-profit analysis for non accountants

  What will be your periodic cash receipt

What will be your periodic cash receipt, to earn a 12 percent return, if payments are received from the purchaser: at the end of each week.

  Discuss the pros and cons of activity-based costing

Discuss the 2 pros and 2 cons of activity-based costing - Give an example of a situation where activity-based costing could be used effectively. Explain your reason.

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