User Account

All Pages

Under what condition would the cost allocated

Assignment Help Managerial Accounting
Reference no: EM13957267

Bailey Products produces two joint products (A and B). Prior to the split-off point, the company incurs costs of $6,000. Product A weighs 30 pounds, and Product B weighs 120 pounds. Product A sells for $100 per pound, and Product B sells for $35 per pound.

Required:

a. Based on relative sales values at the split-off point, allocate joint costs to Products A and B.

b. Under what condition would the cost allocated using relative sales values be greater than the selling price of joint product?

Reference no: EM13957267

Questions Cloud

Drains from the tank at the same rate : A tank contains 1320L of pure water.A solution that contains .o1kg of sugar per liter enters a tank at the rate 3L/min The solution is mixed and drains from the tank at the same rate.
Euler method and step sizes : Approximate y(1) using Euler's method and step sizes of 0.2. Perform these calculations by hand. What is the exact value of y(1)?
What is the expected number of vehicles check : Justify your selection of the probability distribution you choose to model this situation.
Determine the number of bacteria : Suppose that a culture of bacteria has initial population of n=100. If the population doubles every three days, determine the number of bacteria present after 30 days. How much time is required for the population to reach 4250 in number
Under what condition would the cost allocated : Under what condition would the cost allocated using relative sales values be greater than the selling price of joint product?
Greatest number of poster boards : For a school project, he will display an equal number of each kind of stamp on a small poster boards. What is the greatest number of poster boards Adam can make if he uses all of the stamps?
Will sarah decide to invest in the embroidery machine : Will Sarah decide to invest in the embroidery machine if her performance is evaluated in terms of ROI? Why or why not?
Develope a formula for the overall probability of kill : You will have had to make a probabilistic assumption in order to develope the formula. What was that assumption?
What was the precursor to tcp-ip and what is an rfc : What was the precursor to TCP/IP? When was TCP/IP adopted as the Internet standard? Who were the authors of TCP/IP? What is an RFC?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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