Allocating manufacturing costs to main products

Assignment Help Cost Accounting
Reference no: EM132561156

Question 1: For products that need further processing, this method is more suitable because it takes into account the additional cost needed to further processed and sell the joint products. Under this method of allocating manufacturing costs to main products, joint cost is allocated to products using the following net realizable value ratio of the products.

a. Market value at split-off approach

b. Hypothetical market value or approximated net realizable value approach

c. Average unit or production output method

d. Weighted average method

Reference no: EM132561156

Questions Cloud

Describe your current knowledge of public health nursing : Describe your current knowledge of public health nursing and provide specific examples of public health activities in your community.
Allocating joint manufacturing costs to main products : Allocating joint manufacturing costs to main products allocates joint costs based on number of units or physical quantity such as weight, volume or length
How would you protect the specific subject from harm : List and discuss in detail the ethical issues that are involved in the early stages of doing a research or evaluation study with these subjects or participants.
Explain the story better or are lacking from the story : Explain how the photograph or photographs helped explain or support the news story.
Allocating manufacturing costs to main products : Allocating manufacturing costs to main products, joint cost is allocated to products using the following net realizable value ratio of the products
Find sales value at split off of a joint product : Find sales value at split off of a joint product relative to the sales value at split off of total joint production. Market value at split-off approch
Preferred choice for treating viral infections : Why antiviral drugs are preferred choice for treating viral infections?
Nurse reports that the patient had chills : The nurse reports that the patient had chills, fever, and back pain within a few minutes of starting the unit.
What were the initial hypotheses for the study : Provide the citation and a written summary of your answers to the following questions: What were the initial hypotheses for this study?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Prepare journal entries for each of the transactions

Prepare journal entries for each of the transactions - Prepare a statement of cash flows. Use the direct method to report cash flows from operating activities.

  How to find the equivalent units of production

Compute the Equivalent units of production. General Journal entries to record Transfer of 130,000 units from process No. 2 to finished goods warehouse.

  Yuli copters is in the business of designing and

yuli copters is in the business of designing and manufacturing helicopters for commercial military and pleasure use.

  Journal entry for the equipment at december

Prepare the journal entry to record the impairment at December 31, 2012 - Prepare the journal entry for the equipment at December

  Prepare the cost of goods manufactured statement

Denny Corporation, a manufacturing company, produces a single product. The following information has been taken from the company's production

  What are the net cash flows over the next 5 years

What other items should Pat, as manager of the Pizzeria, consider when making this decision?

  Calculate the years net earnings under accrual basis

Calculate the first year's net earnings under the cash basis of accounting, and calculate the first year's net earnings under the accrual basis of accounting.

  Qestion on 1st january 2011 marshall company acquired 100

question on 1st january 2011 marshall company acquired 100 of the outstanding general stock of tucker company. to get

  Should the costs be considered variable or fixed

Do you agree with the controller's assumptions or do you feel that the plant manager has some genuine points? Should the costs be considered variable or fixed? Finally, how would you respond to the plant manager if you were the controller? Please ..

  What is the average contribution margin per ticket

What is the average selling price for a ticket and what is the average contribution margin per ticket

  Income statement of shiga naoya corporation

Compute earnings per share data as it should appear in the 2004 income statement of Shiga Naoya Corporation

  Determine the ending amount of the retained earnings

Determine the ending amount of the retained earnings account and as of the end of the accounting period, determine what percentage of total assets were provided by earnings.

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