Solution-Compute the unit cost of product a

Compute the unit cost of product a

Assignment Help Cost Accounting

Reference no: EM133080170

Question - Cost Accounting and Control - Leigh Manufacturers produces three products from a common manufacturing process. The total joint cost of producing 2,000 pounds of Product A; 1,000 pounds of Product B; and 1,000 pounds of Product C is $7,500. Selling price per pound of the three products are $15 for Product A; $10 for Product B; and $5 for Product C. Joint cost is allocated using the sales value method.

Required -

a. Compute the unit cost of Product A if all three products are main products.

b. Compute the unit cost of Product A if Products A and B are main products and Product C is a by-product for which the cost reduction method is used.

Reference no: EM133080170

Questions Cloud

What is free-riding : What is free-riding? Why do self-interested players free-ride? Explain via an example.

How much cash should dave invest : How much cash should Dave invest {withdraw} so that their capital interest would be equal to their profit and loss ratio

Discuss why risk-return analysis is important : Analyze and discuss why risk-return analysis is important to an understanding of the many trade-o?s that managers must consider as they introduce new products,

Equilibrium price of lumber exchanged in the us : Canada's forestry industry (composed mainly of those involved in the lumber industry) directly employs about 370,000 workers and indirectly employs an additiona

Compute the unit cost of product a : Compute the unit cost of Product A if Products A and B are main products and Product C is a by-product for which the cost reduction method is used

Sentencing and correctional process attention : You will not be able to see your peers' responses until you make your first post.

Estimate of the variable cost per unit for maxwell company : Maxwell Company has a total expense per unit of $2.00 at the 16,000 unit level of activity. Estimate of the variable cost per unit for Maxwell Company

Small component of total costs : At a dinner in February 2011, Steve Jobs of Apple Inc. reportedly responded to President Barack Obama's question about what it would take to make iPhones in the

What is the amount of each of the additional payments : What is the amount of each of the additional payments he must make for his plan to work out? Assume Billy can earn 2% annual return in his investment account

User Account

All Pages

Compute the unit cost of product a

Reference no: EM133080170

Reference no: EM133080170

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT