Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem
During March 2013, the first month of operations, Oink Oink's Pork Co. had the operating statistics shown in the following table. Products Weight in Pounds Sales Value at Split-Off Pounds Produced Pounds Sold Tenderloin 8,600 $132,000 6,440 Roast 13,400 86,000 16,740 Ham 10,800 22,400 8,640 Hooves 4,600 4,600 9,200 Costs of the joint process were direct material, $40,000; direct labor, $23,400; and overhead, $10,000. The company's main products are pork tenderloin, roast pork, and ham; pork hooves are a by-product of the process. The company recognizes the net realizable value of by-product inventory at split-off by reducing total joint cost. Neither the main products nor the by-product requires any additional processing or disposal costs, although management could consider additional processing. a. Calculate the ending inventory values of each joint product based on (1) relative sales value and (2) pounds. (Round to nearest whole percentage.) b. Discuss the advantages and disadvantages of each allocation base for (1) financial statement purposes and (2) decisions about the desirability of processing the joint products beyond the split-off point.
Discuss the culpability of the accountants in preparing the questionable accounting estimates for the cost to compete
ÍBrisk Limited has an authorised share capital of £150,000 in shares of £1 each of which 100,000 shares have been issued on which 15/- per share.
in year 4 the companys variable costing net operating income was 240000 and its absorption costing net operating income
What gain or loss is recognized by the corporation when it issues its shares to Kyle? What is the basis to the corporation of the property it received from Kyle?
company a uses the aging of accounts receivables method to compute its allowance for bad debts. for accounts that are
the perpetual inventory system and had the following transactions during August
What are the two reasons auditors performs analytical procedures specifically directed at revenue?
Prepare a summary journal entry to record the $107,000 in cash expenditures.
The startup division made 80% of 1/2 of the established division. The startup division's growth was 1/3 greater than the established division's. If the divisions made 280,000 combined, how much did the startup division make?
For the year ending in 2009, what is the (a) net liability reported on the balance sheet and (b) income expense
Discuss the inherent risk factors in the revenue process and how they should be addressed by the auditors
The current assembly line uses five kanbans between Anna's and Josh's stations. Compute the demand for the product
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd