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!
Colson Corp produces fillet, smoked and canned salmon in a single process. The same amount of disposal costs is incurred whether a product is sold at split off or after future processing. In Oct 2008, the joint cost of the production process is $71,000. PRoduct Lbs Produced Sep Cost Final Sell pr
Fillets 9000 1.5 8.00Smoked 10000 2.60 6.50Remnants 1000 .15 .75
a. The remnants are considered a by product of the process and sold to make cat food. Allocate the joint cost based on approx NRV at split off. use the NRV method to account for the by producy.
b. Determine the value of ending finished good inventory, assuming 8000 lbs of salmon fillets, 9400 pbs of smoked salmon, and 950 lbs of remnants sold. Round cost per lb to nearest penny.
Each unit requires 4 poundsof material that costs $6 each. Sommer's production budget should be:
It is common for an entity to have transactions with related entities-some of which are fully owned, some of which share common ownership but are not otherwise related, and others wher ownership is small but there is control.
CAPM and Venture Capital
Using the information, prepare an income statement and a balance sheet for the Parsons Corporation.
What are some of the lifestyle changes that may indicate fraud and unreported income?
Bonnie did not elect to expense either of the assets under § 179, nor did she elect straight-line cost recovery. Determine the cost recovery deduction for 2007 for these assets.
Shifting the focus slightly, think about this. How would you allocate the cost of a dinner among a group of your friends when you go out for an evening?
If the standard deviation of demand is six per week, demand is 50 per week, and the desired service level is 95%, approximately what is the statistical safety stock?
What are the tax consequences of a qualifying stock redemption to the distributing corporation?
During 2010, Ace Company had sales of $376,000, operating expenses of $66,000, gross margin of 30%, cash dividends $30,000, other expenses/losses $15,000 and corporation income taxes of 30%. What was the income tax expense for 2010?
Other than the construction funds borrowed, the only other debt outstanding during the year was a $150,000, 10-year, 7% note payable dated January 1, YEar 1. How much interest should be capitalized by Starlight during Year 3?
Compute the cost of goods destroyed. Compute the cost of goods destroyed, assuming that the gross profit is 25% of sales.
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