What is the total amount of net sales and cost of goods sold

Assignment Help Accounting Basics
Reference no: EM133118648

Question - BSBA Company produced two joint products A and B, and by-products C and D from the same raw materials with joint costs P200,000. The entity uses net realizable value in allocating joint costs to joint products. Other information are as follows: Units produced (20,000; 30,000; 5,000 and 5,000); Unit sold (18,000; 25,000; 5,000 and 5,000); Final unit selling prices (25.00; P20.00; 2.00 and P1.50); Further processing costs (P150,000; P210,000; P5,000 and P4,000); Selling and Administrative expenses (P15,000; P21,000; P500 and P400); Desired profit on C and D (P2,000 and P1,500). If the by-products are presented as other income, what is the total amount of net sales and cost of goods sold, respectively?

a. P950,000 and P475,411

b. P950,000 and P483,011

c. P957,600 and P475,411

d. P957,600 and P483,011

Reference no: EM133118648

Questions Cloud

Investigating and prosecuting computer-related crime : The relationship of the law enforcement community with the private sector in investigating and prosecuting computer-related crime.
What is the portfolio risk premium : Suppose that the Sharpe ratio of a portfolio is 0.54 and the standard deviation of annual portfolio returns is 28%. What is the portfolio's risk premium?
Which flights are to be kept on the airlines schedule : Which flights are to be kept on the airlines schedule depending on current profitability, or with a potential to become profitable in the near future
Explain the risk and financing sources of the project : After graduating from JCU, you work as an investment manager in one of the Fortune 500 companies. You are tasked by the Chief Finance Officer (CFO) to evaluate
What is the total amount of net sales and cost of goods sold : If the by-products are presented as other income, what is the total amount of net sales and cost of goods sold, respectively
Calculate volatility and lower partial moment : Calculate volatility and lower partial moment using the data below.
What is smuggling from legal perspective : What is smuggling from a legal perspective? What is smuggled and why is it smuggled? Who benefits from smuggling and who is hurt by smuggling and how?
When firm should issue shares to raise capital : When firm should issue shares to raise capital, and when firm should issue bond for financing? Explain your answers to CFO.
What is the appropriate wacc : Melba's Toast has a capital structure with 30% debt and 70% equity. Its pretax cost of debt is 6%, and its cost of equity is 10%. The ?rm's marginal corporate i

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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