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Problem 1: Joint costs of $9,000 are incurred to process X and Y. Upon splitoff $4,500, and $7,000in costs are incurred to produce 180 units of X and 140 units of Y, respectively. In order to justify processing further at the splitoff point, revenues for product:
A. Y must exceed $16,000.B. X must exceed $13,500.C. Y must be greater than $50 per unit.D. X must be greater than $75 per unit.
Included in operating expenses is a $24,000 loss resulting from the sale of machinery for $270,000 cash. Machinery was purchased at a cost of $750,000. The following balances are reported on Kosinski's comparative balance sheet at December 31.
Calculate the number of tickets Cox and Kings must sell each month to break-even and make a target operating income of Rs 4,00,000 per month
Having better things to do than clean house, they hire someone to come in and clean once each week. How should they share the costs of the housekeeper? One simple solution is to share the cost equally.
What are the current profit margins on both systems? Describe two ways that Alert could cut its costs to get the profit margins back to their original levels.
Calculate the incremental profit (loss) per batch if the intermediate products are further processed and Should each of the intermediate products, peels and depeeled spuds, be sold as is or processed further into an end product?
What is the cost of the asset being depreciated? What amount, if any, was used in the depreciation calculations for the salvage value for this asset? Which method will produce the highest charge to income in Year 1?
Explain the difference between job-order and process costing system? Describe how products flow through departments and how costs flow through accounts?
What valuation must be reported for debt securities classified as available-for-sale, debt securities reported at cost and adjusted for amortization of any difference between cost and maturity value?
Why does the use of standard costing and variance analysis in the management process reinforce the concepts of comparability and understandability to better business performance?
questionon january 1 2004 james company leased a machine for 10 years that would have been purchased for 100000. the
Compute for the gross profit per unit under the three activity levels assuming that the product is sold at P100 per unit and Product unit cost
Prepare the current assets section of the balance sheet and compute the predetermined overhead rate AND the amount of applied manufacturing overhead
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