Net realizable method-assigning costs to a and b

Assignment Help Accounting Basics
Reference no: EM1363257

A company processes a chemical, dx-1, through pressure treatment. The process has two outputs, A and B. The January costs to process dx-1 are $50,000 for materials and $100,000 for conversion costs. The outputs sell for a total of $250,000. The sales revenues from A are $200,000 of the total. Using the net realizable method, assign costs to A and B for January.

Reference no: EM1363257

Questions Cloud

Use private key to decrypt the cipher text : Using blocks of 4 encrypt the message I AM AN MSC STUDENT MAJORING IN SECURITY using the public key above. Similarly use the private key above to decrypt the cipher text.
Explain and determine new pricing strategies : Explain and Determine which area you believe provides the greatest challenge for organizations implementing new pricing strategies.
Explain about data reporting : Show the steps that you would take to ensure that we create an effective report. What questions would you ask of the users?
Assume that the density of aluminum : A spherical steel shell with shell thickness 10 mm rolling down the ramp without slipping.assume that the density of aluminum.
Net realizable method-assigning costs to a and b : A company processes a chemical, dx-1, through pressure treatment. The process has two outputs, A and B. The January costs to process dx-1 are $50,000 for materials and $100,000 for conversion costs. The outputs sell for a total of $250,000.
Determine the breakeven quantity for outsourcing : Nummer electric Corporation can make a product in-house or outsource it. The fixed cost to produce it in-house is $72,000 abd each item costs $420 to produce.
Concept of health belief : Consider HEALTH BELIEF a core concept. Could you define it and apply it to an actual family health promotion scenario where the outcomes were less than desirable or expected?
Elucidate the implication of the efficiency wage theory : Elucidate the implication of the efficiency wage theory for unemployment. In what way are piece rates, commissions, royalties, profit sharing, and stock options substitutes for efficiency wages.
Determine factory productivity : Consultant for a factory which is not making as many goods as it made last year and describe how you would calculate the productivity at the factory

Reviews

Write a Review

Accounting Basics Questions & Answers

  Airbus plant relocation

This week, Airbus announced it was building new plant in Alabama. Can you aid me in answering the following questions based on information in conjunction with Foreign Direct Investment.

  Accounting for extractive industries

Accounting for Extractive Industries Production commences in Site One

  Time value of money for tax refunds

Should you over pay taxes throughout the year and get a refund, knowing the government does not pay interest on the overpayment? Use time value of money to explain.

  Rules for marital status and community property income

Explain the rules for marital status and community property income. Her address is 500 Elizabeth Street, Brownsville, Texas 78520.

  Determining the operating profit of dick sporting goods

Dick’s Sporting Goods makes customized uniforms. The Great Northwest League has offered to buy 80 basketball jerseys for $16 per jersey-If Dick’s accepts the special order from The Great Northwest League, its operating profit will

  Accounting for nonprofit versus for-profit expenditures

Assume a nonprofit has a restricted fund for capital asset purchases. Compare the journal entries for the cash purchase of a $10,000 computer by the nonprofit, to how the journal entry would look for this for-profit.

  Sample journal transactions

What are some examples of basic entries to record transactions used in your organization? In your response, you are not required to journalize these entries.

  Prepare journal entry-income statement

The following information has been obtained for the Kerdyk Corporation. Compute taxable income and income tax payable for 2007.

  Prepare pension worksheets and journal entries

Prepare a pension worksheet for the pension plan in 2008. Prepare any journal entry(ies) related to the pension plan that would be needed at December 31,2008. Prepare a pension worksheet for 2009 and any journal entry(ies) related to the pension plan..

  Calculation of market value and book value

Klingon Cruisers, Inc., purchased new cloaking machinery three years ago for $9.5 million.  The machinery can be sold to the Romulans today for $6.5 million. Klingon's current balance sheet shows net fixed assets of $5.2 million, current liabili..

  Market values and book values

Building an Income Statement, During the year, the Senbet Discount Tire Company had gross sales of $1.06 million. The firm's cost of goods sold and selling expenses were $525,000 and $215,000, respectively. Senbet alo had note payable of $800,000...

  Cash and accrual accounting

What is the difference between cash and accrual accounting? Which basis of accounting do most companies use, cash or accrual? Why? Which method is approved by GAAP? Why?

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