What amount of joint processing cost is allocated

Reference no: EM132787210

Question - Bennett Company produces two products from a joint process: A and C. Joint processing costs for this production cycle are $9,000.

	Yards	Sales price per yard at split-off	Disposal cost per yard at split-off	Further processing per yard	Final sale price per yard
A	1,800	$7.00	$4.50	$1.50	$8.00
C	2,600	10.00	6.00	3.50	12.25

If A and C are processed further, no disposal costs will be incurred or such costs will be borne by the buyer.

Refer to Bennett Company. Using a physical measure, what amount of joint processing cost is allocated to Product C (round to the nearest dollar)?

Reference no: EM132787210

Questions Cloud

Draw a market where the dollar is in equilibrium : International Financial Management, Draw a market where the dollar is in equilibrium. Then assume there is a US income tax hike.

Explain the effect of accrued interest expense : Explain the effect of accrued interest expense towards the determination of accounting profit and taxable income in relation to MFRS112 Income Taxes

How to prepare journal entries to record the july : How to prepare journal entries to record the July 25, billed customer for accounting services provided, $950 and July 1, issued common stock transactions.

Explain the effect of accrued interest expense : Explain the effect of accrued interest expense towards the determination of accounting profit and taxable income in relation to MFRS112 Income Taxes

What amount of joint processing cost is allocated : Refer to Bennett Company. Using a physical measure, what amount of joint processing cost is allocated to Product C (round to the nearest dollar)

Prepare best and convincing arguments prior to meeting : In 2013, the Rana Plaza tragedy in Bangladesh,Prepare best and convincing arguments prior to your meeting with the representatives from the respected retailers.

Describe the engagement of nurse leaders : 1. What data describe the engagement of nurse leaders on healthcare organization boards?

Calculate the pbp for a project : Calculate the PBP for a project that costs $5m now, and is expected to generate cash inflows of $1m, $1.5m, $2m, $2.5m and $1.5m over the next five years.

Is a pattern of movement over the last six months to a year : Take a look at the exchange rate history of your favorite foreign country. Is there a pattern of movement over the last 6 months to a year?

User Account

All Pages