Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Determine the Joint Cost
A company produces three products, Y1, Y2, and Y3 in the similar process. The data below reflects average monthly results as:
Y1
Y2
Y3
Monthly output (kg)
40,000
20,000
Sales Value at split off (shs.)
0
30,000
105,000
Sales Value after Split off
45,000
100,000
155,000
Costs of further processing
65,000
The joint costs were Shs.100,000
Required
Assign the joint cost employing the three methods employed to assigned joint costs.
Solution
(i) Physical/Measurement/Unit Method
TOTAL
Physical Output: (Kg)
80,000
Proportion
50%
25%
Joint costs allocated
50,000
25,000
(ii) Constant Gross Margin Rate Method
(iii) Net Realizable Value/Method
Net Realizable Value = Ultimate Sales Value - Separable Costs
Ultimate Sales Value:
Less: Separable Costs
(20,000)
(40,000)
(65,000)
Net Realizable Value:
60,000
90,000
175,000
Proportion on Net Realizable Value
14%
34%
52%
Allocation of Joint Costs:
14,000
34,000
52,000
what are importance of cost classification
The credit term from the supplier is 2/30, net 60. Requirements: Write the calculation Determine the effective annual rate if the firm does not take the discount.
1. You are required to download the latest annual report published by one of the following institutions: - Adult Multicultural Education Services - Centre for Adult Education
Direct Labour Rate Variance It is the difference among the actual direct labour rate and the standard direct labour rate for the total hours worked. Utilizing an equation,
Labour Variances From our basic data, we can calculate the labour variances as given as: i. Labour Rate Variance = (AH x AR) - (AH x SR)
Determine the Single Limiting Factor A company manufactures and sells three products as A, B and C. The unit cost and revenue structure for every product and its maximum forec
what will a $5,000,000 investment be worth at 3.5% interest compounded quarterly in 10 years?
how can a poorly controlled budget cause problesm for a business?
ASSUMPTIONS OF BREAK EVEN ANALYSIS 1. Fixed costs for all time remain constant. 2. All costs are divided into fixed and variable costs. 3. Selling price will not alter de
On January 1, 2012, a machine was purchased for $197,100. The machine has an estimated salvage value of $13,140 and an estimated useful life of 5 years. The machine can operate for
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd