Process further sales value of processed product

Assignment Help Accounting Basics
Reference no: EM13524350

Shynee Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Sarco, Barco, and Larco. Each of these products can be sold as is, or it can be processed further and sold for a higher price. The company incurs joint costs of $180,000 to process one batch of the raw material that produces the three joint products. The following cost and sales

information is available for one batch of each product.

Sales Value at Split-off Point Allocated Joint Costs Cost to Process Further Sales Value of Processed Product

Sarco $200,000 $40,000 $120,000 $300,000

Barco 300,000 60,000 89,000 400,000

Larco 400,000 80,000 250,000 800,000

Determine whether each of the three joint products should be sold as is, or processed further

Reference no: EM13524350

Questions Cloud

Determine the cost of goods manufactured : The Zoe Corporation has the information for the month March. Determine the cost of goods manufactured, and (b) cost of goods sold.
Discuss the ways for dissolution of a partnership : Discuss the ways for dissolution of a partnership. What are the grounds that Raju could use to apply for dissolution of partnership by way of court’s order?
Find the pitch of the micrometer : The edge of the thimble of a micrometer moves a distance of 2.0 mm when it is given four complete revolutions. Find the pitch of the micrometer
Find how many electrons are missing from each ion : When two identical ions are separated by a distance of 8.3×10?10m , the electrostatic force each exerts on the other is 5.4×10?9N How many electrons are missing from each ion
Process further sales value of processed product : Determine whether each of the joint products should be sold as is, or processed further
Determine for how long in time was the hare stationary : A hare and a tortoise compete in a race over a straight course 1.40 km long. The tortoise crawls at a speed of 0.280 m/s toward the finish line. For how long in time was the hare stationary
What is the gauge pressure of the oil at the wellhead : An oil well is 10,000 ft deep. It is shut-in at the wellhead. What is the gauge pressure of the oil at the wellhead, before the valve
How many units did cepeda produce during february : How do you solve - provide steps with calculations shown - During the month of February, Cepeda incurred 35,000 direct labor-hours and recorded a $15,000 favorable labor efficiency variance. How many units did Cepeda produce during February?
Find the magnitude of the bodys acceleration : Only two horizontal forces act on a 4.5 kg body. One force is 5.8 N, acting due east, and the other is 2.7 N, acting 25° north of west. What is the magnitude of the body's acceleration

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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