User Account

All Pages

What were the total joint costs

Assignment Help Cost Accounting
Reference no: EM133067326

Problem - Joint Cost - Karen Corp. manufactures products Y and Z from a joint process. The sales value at split-off was P50,000 for 6,000 units of Product Y and P25,000 for 2,000 units of Product Z.

Assuming that the portion of the total joint costs properly allocated to Product Y using the relative sales value at split off approach was P30,000. What were the total joint costs?

Reference no: EM133067326

Questions Cloud

Performance excellence pro-file support principles : Describe how the specific practices of PVHS in the opening Performance Excellence Pro-file support the principles of TQ.
How much Gem report as Cash in its December statement : Time deposits restricted for use (expected use in 2021)- P300,000. How much should Gem report as "Cash" in its December 31, 2020 statement of financial position
Lean six sigma and supply chain management quality : Starting in the early 1900's with Taylor, Frank, Gilbreth and Scientific Management to today with Lean Six Sigma and Supply Chain Management Quality (SCMQ).
Create an amortization schedule to track the principal : Create an amortization schedule to track the principal and interest on the loan over its life. How much total interest is paid
What were the total joint costs : The sales value at split-off was P50,000 for 6,000 units of Product Y and P25,000 for 2,000 units of Product Z. What were the total joint costs
At what amount are the stock rights received recognized : At what amount are the stock rights received recognized - The Investee's shares are quoted at P75 per share prior to the Issuance of the stock rights
What would be the exchange rate : Suppose the exchange rate between the U.S. dollar and the Swedish krone was 7.97 krona = $1, What would be the exchange rate
What is the spot exchange rate : The same television costs 637.5 Euros. If purchasing power parity holds, what is the spot exchange rate between the euro and the dollar
Risk analysis-demographic trends : what are the demographic trends for this midsize hotel that would assist in generating significant returns on the $200K investment?

Reviews

Write a Review

Cost Accounting Questions & Answers

  What are the benefits of marginal costing statements

What are the benefits of marginal costing statements for decision-making when compared with absorption costing statements? Provide the suitable example.

  Identify the impact on variances

Identify the impact on variances.As demand for the product grows more in the market, many competitors entered in to the market.

  What was Mic direct labor usage variance for June

Tim uses a two-way analysis of overhead variance (controllable and volume). What was Mic direct labor usage variance for June

  What is the difference between explicit and implicit cost

What is the difference between explicit and implicit cost? Explain your answers. How would we determine if a cost is a fixed cost or a variable cost?

  Determine the direct labor rate and time variances

Hoschild Bicycle Company manufacturers bicycles. The following data for September of the current year are available:

  Compute the cost of sales for the month of may

The inventory on May 1 was P50,000 and on May 31 was P60,000. Compute the cost of sales for the month of May

  Overview diagram of solomons job-costing system

Prepare an overview diagram of Solomons job-costing system and what is the budgeted overhead rate in the Machining Department In the Finishing Department?

  What the closing balance of Owner Capital

All other expenses totaled $12,000. The company paid $27,000 in withdrawals to the owner. What the closing balance of Owner, Capital

  Explain how this money was spent in 2010

Can stockholders expect a similar increase between 2010 and 2011 - explain how this money was spent in 2010

  Which is not a major influence on pricing

Which is not a relevant cash flow in discounted cash flow analysis? Annual after-tax cash flows from recurring operations. / Initial equiment investment

  What are three private costs that a cigarette manufacturers

What are three private costs that a cigarette manufacturers are obliged to pay in running or having smooth operations in a firm?

  Compute the fixed part of the factory overhead rate

Using expected actual capacity for 2021, compute (a) the factory overhead rate, and (b) the fixed part of the factory overhead rate.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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