Solution-Determine the amount of joint cost

Determine the amount of joint cost

Assignment Help Accounting Basics

Reference no: EM132468489

Point 1: Bradbo owned two adjoining restaurants, the Pork Palace and the Chicken Hut. Each restaurant was treated as a profit center for performance evaluation purposes. Although the restaurants had separate kitchens, they shared a central baking facility. The principal costs of the baking area included materials, supplies, labor, and depreciation and maintenance on the equipment.

Point 2: Bradbo allocated the monthly costs of the baking facility to the two restaurants based on the number of tables served in each restaurant during the month using dual allocation and equal sharing of fixed costs. In April, the costs were $37,000, of which $19,500 were fixed. The Pork Palace served 4,400 tables, while the Chicken Hut served 3,600 tables.

Question 1: Determine The amount of joint cost that should have been allocated to the Pork Palace in April is calculated to be:

Reference no: EM132468489

Questions Cloud

Identifying the customer and problem : Describe a primary decision maker in your target segment: who they are, what they like, how they make buying decisions. Describe the primary problem

Describe the roles that medicare and medicaid play : How does the Older Americans Act differ from Social Security and Medicare (for the elderly) in terms of purpose, funding, eligibility, and benefit/service

List the competitive advantages of the product : List the competitive advantages of the product, service or organization you're focusing on: the things that make it different from competitors in positive ways.

What the amount of costs allocated to the illinois research : Using revenue as an allocation base, the amount of costs allocated to the Illinois research facility is calculated to be? Organic Laboratories allocate research

Determine the amount of joint cost : Determine The amount of joint cost that should have been allocated to the Pork Palace in April is calculated to be, Bradbo owned two adjoining restaurants

Create a working thesis statement : Create a working thesis statement and basic research plan that considers context, audience, purpose, and presents potential sources

What is the current ratio after the declaration : The board of directors declares a cash dividend of $189,000. What is the current ratio after the declaration but before payment

What are the tax consequences for robin transaction : Robin also had a net long-term capital loss in 2017 of $2,000, which it could not use, and ordinary income of $13,000. What are the tax consequences in 2018

Prepare a maximum informal memo : Prepare a maximum informal memo and explain to Ms. Skaros why her production cost report showed only 2,000 equivalent units in ending inventory.

User Account

All Pages

Determine the amount of joint cost

Reference no: EM132468489

Reference no: EM132468489

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT