Solution-What the total cost of producing giant is

What the total cost of producing giant is

Assignment Help Cost Accounting

Reference no: EM132821114

Tucariz Company processes Duo into two joint products, Big and Mini. Duo is purchased in 1,000 gallon drums for $2,000. Processing costs are $3,000 to process the 1,000 gallons of Duo into 800 gallons of Big and 200 gallons of Mini. The selling price is $9 per gallon for Big and $4 per gallon for Mini. Big can be processed further into 600 gallons of Giant if $1,000 of additional processing costs are incurred. Giant can be sold for $17 per gallon.

Problem 1: If Tucariz uses the net realizable value method to allocate costs to the joint products, the total cost of producing Giant is

A. $5,600
B. $5,564
C. $5,520
D. $4,600

Reference no: EM132821114

Questions Cloud

What franklin variable overhead spending variance : What Franklin's variable overhead spending variance for the year is? Franklin Glass Works' production budget for the year ended November 30

What is your initial percentage margin : You borrow $1,500 from your broker and finance the remainder of the purchase with your own cash. What is your initial percentage margin

How does this decision affect the return on investment : Nipponply is planning to use the capacity at a level of 85 per cent and 100 per cent in years. How does this decision affect the return on investment

Explain the need for emotional intelligence : How much should you manage from the heart when dealing with employee relations issues?

What the total cost of producing giant is : Tucariz Company, If Tucariz uses the net realizable value method to allocate costs to the joint products, the total cost of producing Giant is

Similarities of indeed-monster and linkedin : What are the difference and similarities of Indeed, Monster and LinkedIn.

Appropriate value and cost drivers for business strategy : Assess whether Caterpillar Inc. leverages the appropriate value and cost drivers for their business strategy.

Describe the process of perception : Describe the process of perception, both 'bottom-up', and 'top-down' processing. Discuss the perceptual errors and how they can be overcome, by citing a few ins

What are some of the overarching themes : Choose one scene from notebooks 14-17 of Poilu and explore to what extent it represents a continuation of or a departure from scenes in the earlier parts.

User Account

All Pages

What the total cost of producing giant is

Reference no: EM132821114

Reference no: EM132821114

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT