The amount of joint cost allocated by physical measure

Assignment Help Financial Accounting

Reference no: EM13356500

The amount of joint cost allocated by physical measure method.

Zenon Chemical, Inc., processes pine rosin into three products: turpentine, paint thinner, and spot remover. During May, the joint costs of processing were $240,000. Production and sales value information for the month is as follows: Product Units Produced Sales Value at Splitoff Point Turpentine 6,000 liters $60,000 Paint thinner 6,000 liters 50,000 Spot remover 3,000 liters 25,000 Question: Determine the amount of joint cost allocated to each product if the physical-measure method is used.

Reference no: EM13356500

Questions Cloud

Calculation of overhead variancesoverhead variancesconsider : calculation of overhead variances.overhead variancesconsider the following data for the rivera companyfactory

Multiple choices on variance analysisthe following company : multiple choices on variance analysis.the following company information is availabledirect materials used for

Effect of different type of lease transaction in balance : effect of different type of lease transaction in balance sheet.on january 1 2009 the needy company signed a lease that

Questions based on consolidated balance sheeton december 31 : questions based on consolidated balance sheet.on december 31 2008 company p reported assets of 800 million and

The amount of joint cost allocated by physical measure : the amount of joint cost allocated by physical measure method.zenon chemical inc. processes pine rosin into three

Ending inventory calculation for each product amp as a : ending inventory calculation for each product amp as a whole.tanzy companys ending inventory includes the following

Computation of machine hour overhead rate and product : computation of machine hour overhead rate and product cost.cabigas company manufactures two products product c and

Computation of production cost with given datasea company : computation of production cost with given data.sea company reports the following information regarding its production

Determining value of ending inventory using product costing : determining value of ending inventory using product costing by split off method.oregon lumber processes timber into

User Account

All Pages