How much of the cost of the truckload will be allocated

Assignment Help Managerial Accounting
Reference no: EM133085638

Question - Teruba Melons purchased a truckload of watermelons weighing 3,000 pounds for $900. The company separated the melons into two grades: superior and economy. The superior grade melons have a total weight of 2,400 pounds and the economy grade melons total 600 pounds. The company sells the superior grade at $0.60 per pound and the economy grade at $0.30 per pound. How much of the $900 cost of the truckload will be allocated to the superior grade melons using the relative sales value method?

Reference no: EM133085638

Questions Cloud

What is the net income : Balance as of December 31, 2010; P1,000,000. Ordinary shares, P2 par value - Balance as of December 31, 2011; P1,020,000. What is the net income
Conflict theory and symbolic interaction theory : How do Conflict Theory and Symbolic Interaction Theory explain or impact organizational change?
Determine the value of liability : Question - If the assets of a business are RM100,000 and equity is RM20,000, determine the value of liability
Soft-sell approach so important to persuasion : Why is using a gentle, soft-sell approach so important to persuasion? What factors influenced olloclip's success.
How much of the cost of the truckload will be allocated : How much of the $900 cost of the truckload will be allocated to the superior grade melons using the relative sales value method
What is the net income for this firm : A, Inc. has sales of $742,000 costs of $316,000, depreciation expense of $39,000, What is the net income for this firm
Research method of healthcare : What does the Nuremberg Code describe? What is true about the Tuskegee syphilis study? What will not enhance the integrity of a research study?
Evaluate business-level strategy : Evaluate business-level strategy of either Starbucks or Lockheed Martin to determine whether you believe strategy is appropriate to offset forces in industry
Consumer behavior-definition of customers and behavior : Definition of the customers and their behavior: Addressing geographic and demographic segmentation and developing psychological and behavioral aspects.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Explain why some costs double and some do not

Assume that you invite one friend to dinner. Will the cost of preparing the dinner double? Indicate which costs included in your full cost will double and which will not. Explain why some costs double and some do not.

  Find cost of materials included in beginning work in process

equivalent unit was correctly calculated to be 4.8 per equivalent unit. The cost of materials included in the beginning work in process from last month was

  Discuss ways in which striking furs can protect itself

Discuss ways in which Striking Furs can protect itself against the losses that would arise from a sudden increase in the foreign exchange rate.

  Determine how much would save by transferring credit card

By how much will his mortgage payments increase if he adopts this plan to deal with his credit card debt? How much would he save by transferring his credit card

  What is the unit product cost under absorption costing

The company sold 41,000 units in the East region and 13,000 units in the West region. What is the unit product cost under absorption costing

  What proposed net operating income is sales decreased

What Proposed net operating income is sales decreased by P 20,000.00 and fixed expense increased by P25,200.00 and Contribution margin per unit

  What is the correct entry to adjust for an immaterial amount

The company used 4,000 machine hours during the month. What is the correct entry to adjust for an immaterial amount of underapplied or overapplied overhead

  Discuss an example of a step fixed cost

Give and discuss an example of a step fixed (mixed) cost - Responses must include at least one reference to an outside source

  What amount should credited to the allocated manufacturing

What amount should be credited to the allocated manufacturing overhead control account for the month of December? The variable overhead spending variance

  What is the indirect cost allocation rate

What is the Indirect Cost allocation rate for Setup costs? Estimated Set up costs = $80,000 (based on Machine Hours). Total Direct Labor hours are 8,000 hours

  What amount of interest has accrued as of December

Chang, Inc. issued a 120-day note in the amount of $540,000 on December 16 of this year with an annual rate of 5%. What amount of interest has accrued

  Public image of the company in a time of crisis

In what ways do multinational corporations use the media to improve the public image of the company in a time of crisis?

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd