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Question: A joint process produces three products at the split-off point. Product A can be sold without further processing at the split- off point. Products B and C require further processing before they can be sold. There were no beginning or ending inventories for the year just ended. Joint processing costs were $56,000, and separable costs were $12,000 for B and $8,000 for C. Sales were as follows: 5,000 gallons of A at $1 per gallon, 3,000 gallons of B at $15 per gallon, and 4,000 gallons of C at $12.50 per gallon. The company uses the estimated net realizable value method for allocating joint costs. Assume that products A, B, and C are treated as joint products. What is the cost per gallon of product B?
1.clean dirt inc had 8000 of salaries payable at december 31 2010. during 2011 clean dirts salary expense was 60000. at
The following list, in alphabetical order, shows the various items that regularly appear on the financial statement of Maple Park Theatres Corp. The amounts shown for balance sheet items are balances as of September 30, 2014
The regular annual salary
At the beginning of the year, Monroe Company estimates annual overhead costs to be $800,000 and that 200,000 machine hours will be operated. Using machine hours as a base, the amount of overhead applied during the year if actual machine hours for ..
the records for the venusian division show the following dataasset base 500000sales revenues 725000expenses
Question - Cost volume profit analysis of managerial accounting. What is Alden's variable cost ratio? What is its contribution margin ratio
The following cash receipts journal headings have been suggested for a small service firm. List the errors you find in the headings.
Cost of rented computer, printer, fax and photocopy machine $1,630. Calculate Robert's maximum 2020 deductible employment expenses for tax purposes
Use the concept of present value to explain why a trip to Hawaii next year would be valued more to most people than the same trip in the year 2015.
What lessons can we learn from Starbucks? Who benefits and who suffers as a result of Starbucks' actions
Klutz uses the indirect method to prepare its statement of cash flows. What is Klutz's net cash provided (used) by operating activities
laserwords inc. is a book distributor that had been operating is its original facility since 1985. the increase in
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