What the amount of joint cost allocated to nuts and bolts

Assignment Help Managerial Accounting
Reference no: EM133165632

Question - Cheyenne Enterprises manufactures Nuts and Bolts from a joint process (cost = $82,000). Five thousand pounds of Nuts can be sold at split-off for $20 per pound; ten thousand pounds of Bolts can be sold at split- off for $15 per pound. For product costing purposes Cheyenne allocates joint costs using the relative sales value method. What the amount of joint cost allocated to Nuts and Bolts?

Reference no: EM133165632

Questions Cloud

What is the total amount of intangible assets : On the basis of the information above, what is the total amount of intangible assets to be reported by Cinema Corporation on its statement of financial position
Promoting free trade and promoting green energy : What is the appropriate trade-off between promoting free trade and promoting green energy? Should the WTO rules be suspended when dealing with green energy?
How is demand generated to realize that impact : Identify and explain what you feel to be tourism's most significant economic impact using a specific example. If a positive impact, how is demand generated to r
Define terrorism and synthesize : Define terrorism and Synthesize how political science, communication, and other fields of study may be used to better understand the relationship between terror
What the amount of joint cost allocated to nuts and bolts : For product costing purposes Cheyenne allocates joint costs using the relative sales value method. What the amount of joint cost allocated to Nuts and Bolts
Develop organisational learning goals : Develop strategies to ensure that learning opportunities across the organisation are identified and addressed through a systematic learning program
Make the firm price competitive : Dome Metals has credit sales of $306,000 yearly with credit terms of net 45 days, which is also the average collection period. Assume the firm adopts new credit
Propose ways for cat to improve its handling : Question: Propose ways for CAT to improve its handling of these issues and prevent or minimize future such issues going forward
Effort side of the equity equation : In Adam's Equity Theory, what are three things that can make up the effort side of the equity equation?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What is the equity balance on the june

What is the equity balance on the 30/06/2019? During 2018/19, there was a share issue of $540,000, dividends declared of $280,000

  Product costing- traditional and activity

Determine total product cost per unit for each product using an activity based costing system. Use the number of units as the cost driver for each activity.

  Prepare a flexible budget for pulam based on actual sales

Prepare a flexible budget for Pulam based on actual sales. Be sure to show total flexible budgeted costs for direct materials, direct labor, variable overhead

  Compute the direct labor time variance

The standard labor rate is $12 per hour. Actual direct labor for the period was $22,000 (2,200 hrs. × $10 per hr.). Compute the direct labor time variance

  What the cost variances should be

What the cost variances should be? When standard manufacturing costs are recorded in the accounts and the cost variances are immaterial

  Human rights groups environmental activists and other

human rights groups environmental activists and other interest groups concerned with unethical business practices have

  Prepare in journal form the entry to record each transaction

Prepare in journal form the entry to record each transaction and Paid the balance due on the office equipment.

  Calculate the number of shares issued

The Series B Investors expect a return of 15%. Therefore, you are expected to modify your analysis and valuation expectation. Calculate number of shares issued

  What would be the percentage change in price of Bond A

If interest rates suddenly fall by 2 percent instead, what would be the percentage change in price of Bond A and Bond B

  Anticipated selling price

Baker, Inc., produces a number of components that are used in home theater systems. Fred Briggs, head of the company's market research department,

  Unfavorable total sales-mix variance of contribution margin

How can the concept of a composite unit be used to explain why an unfavorable total sales-mix variance of contribution margin occurs?

  How many products should you manufacture

If you sold 300 products last period, have 100 products remaining in inventory, and expect to sell 500 products this period, how many products you manufacture

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