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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?
bixby corporation purchased land and a building for 800000. an appraisal shows that the lands value is 400000 and the
Compute the ROI for both divisions showing the return on sales and investment turnover for the year ended April 2012.
Prepare journal entry to record the acquisition of the land - Fielder company obtained land by issuing 2,000 shares of its $10 par value ordinary shares.
Has it decreased or increased over the past few years? What is its percentage to total assets for last two years? Has the percentage decreased, increased, or remained the same? If the ratio percentage has changed what accounts for change?
Determine the depreciation rates per mile and the amount to be credited to the accumulated depreciation section of each of the subsidiary accounts for the miles operated during the current year.
What is the break-even point in sales revenue dollars per month and what is the break-even point in number of flights per month (round up)?
If 40,000 labor-hours were worked and the standard wage rate was $13 per labor-hour, what would be the standard hours allowed per unit of output? Please show how to calculate.
Show whether each of the costs described would be relevant or not to Swenson's Meats decision about whether to purchase the new machine or to keep the old machine.
Recording Journal Entries - prepare journal entries. Determine whether the accounting equation remains in balance and debits equal credits after each entry.
Safety Seats Co. recorded operating data for its shoe division for the year. The company's desired ROI is 5%. Evaluate the residual income?
Determining selected amounts for cash flows from operating activities-direct method - The direct method is used for presenting the cash flows from operating activities on the statement of cash flows.
grenfell company is preparing a cash budge for 2010 for purchases of calvos. budgeted data are as followscost of goods
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