Compounds produces two industrial chemical compounds,

Assignment Help Cost Accounting
Reference no: EM13752198

Anderson Compounds produces two industrial chemical compounds, Gorp and Gumm, from the same process, which last year, cost $240,000. Anderson produced 20,000 pounds of Gorp, which sells for $60 per gallon and 60,000 gallons of Gumm, which sells for $30 per gallon. After the split-off point, Gorp required additional processing costing $300,000 to make it salable. Using the adjusted sales method, how much of the joint cost should be allocated to Gorp? 

Reference no: EM13752198

Questions Cloud

Changes that have occurred in the last ioyears : Describe at least two changes that have occurred in the last ioyears relatives to your chosen topic Be specific and What are the benefits and challenges of each change
Write an essay on modes of transport : Write an essay on Modes of Transport 1700s - 21st Century. Overview of the mode of transportation from pre-1700s to 1900s. Steam Engines Inventions (1800s). Automobile Inventions (1900s).
Define how the role of a cm advisor can increase project : Profitability for companies is the reason for their longevity. Define how the role of a CM advisor can increase project quality and allow owner assurance and GC efficiencies.
Use the afn equation to forecast broussards additional fund : Broussard Skateboard's sales are expected to increase by 15% from $7.0 million in 2013 to $8.05 million in 2014. Its assets totaled $5 million at the end of 2013. Broussard is already at full capacity, so its assets must grow at the same rate as proj..
Compounds produces two industrial chemical compounds, : Anderson Compounds produces two industrial chemical compounds, Gorp and Gumm, from the same process, which last year, cost $240,000. Anderson produced 20,000 pounds of Gorp, which sells for $60 per gallon and 60,000 gallons of Gumm, which sells for $..
How to design and create tables : Databases are powerful tools for storing, managing, manipulating, and accessing data. Most information systems in use today make use of some form of database. In this lesson you will learn about the Access user interface (UI), how to design and ..
Explain transition of north american colonies : Explain Transition of North American Colonies from Indentured Servitude to Slavery.
Booths after-tax profit margin is forecasted : Additional Funds Needed The Booth Company's sales are forecasted to double from $1,000 in 2012 to $2,000 in 2013. Here is the December 31, 2012, balance sheet:
Analyze your organization in its present form : Assignment on Assignment-Workforce 2020 Executive Report. Analyze your organization in its present form. Explain your organization's structure, workforce diversity, market/customer diversity, and communications technology.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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