Process further sales value of processed product

Assignment Help Accounting Basics
Reference no: EM13524350

Shynee Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Sarco, Barco, and Larco. Each of these products can be sold as is, or it can be processed further and sold for a higher price. The company incurs joint costs of $180,000 to process one batch of the raw material that produces the three joint products. The following cost and sales

information is available for one batch of each product.

Sales Value at Split-off Point Allocated Joint Costs Cost to Process Further Sales Value of Processed Product

Sarco $200,000 $40,000 $120,000 $300,000

Barco 300,000 60,000 89,000 400,000

Larco 400,000 80,000 250,000 800,000

Determine whether each of the three joint products should be sold as is, or processed further

Reference no: EM13524350

Questions Cloud

Determine the cost of goods manufactured : The Zoe Corporation has the information for the month March. Determine the cost of goods manufactured, and (b) cost of goods sold.
Discuss the ways for dissolution of a partnership : Discuss the ways for dissolution of a partnership. What are the grounds that Raju could use to apply for dissolution of partnership by way of court’s order?
Find the pitch of the micrometer : The edge of the thimble of a micrometer moves a distance of 2.0 mm when it is given four complete revolutions. Find the pitch of the micrometer
Find how many electrons are missing from each ion : When two identical ions are separated by a distance of 8.3×10?10m , the electrostatic force each exerts on the other is 5.4×10?9N How many electrons are missing from each ion
Process further sales value of processed product : Determine whether each of the joint products should be sold as is, or processed further
Determine for how long in time was the hare stationary : A hare and a tortoise compete in a race over a straight course 1.40 km long. The tortoise crawls at a speed of 0.280 m/s toward the finish line. For how long in time was the hare stationary
What is the gauge pressure of the oil at the wellhead : An oil well is 10,000 ft deep. It is shut-in at the wellhead. What is the gauge pressure of the oil at the wellhead, before the valve
How many units did cepeda produce during february : How do you solve - provide steps with calculations shown - During the month of February, Cepeda incurred 35,000 direct labor-hours and recorded a $15,000 favorable labor efficiency variance. How many units did Cepeda produce during February?
Find the magnitude of the bodys acceleration : Only two horizontal forces act on a 4.5 kg body. One force is 5.8 N, acting due east, and the other is 2.7 N, acting 25° north of west. What is the magnitude of the body's acceleration

Reviews

Write a Review

Accounting Basics Questions & Answers

  Find out the equivalent units of production for materials

barker inc. uses the weighted-average method in its process costing system. the following data concern the operations

  What story or character in a story generated what aristotle

what story or character in a story generated what aristotle calls a catharsis? describe your emotional response. what

  Computing regular corporate tax and corporate amt

What is Gigantic Corporation's net tax liability if its taxable income is $325,000 and it has a general business credit of $125,000?

  Cash accounts receviable cleaning supplies prepaid

linda blye opened cardinal window washing inc on july 1st2010. during july the following transactions were

  If the company has a cash balanceof 60000 assets of 70000

if the company has a cash balanceof 60000. assets of 70000 cash from inversting activities 0. if you were banker would

  Deductive-inductive and pragmatic research methods

Compare and contrast the deductive, inductive and pragmatic research methods. Discuss human information processing research and the consequences of its findings on accounting.

  Finding unit sales price

At Flint Company's break-even point of 9,000 units, fixed costs are $180,000 and variable costs are $540,000 in total. The unit sales price is:

  What the term consolidated financial statements means

Peter Company obtains all of the common stock of Sam Inc. by issuing 50,000 shares of its own stock. Under these circumstances, why might the determination of an acquisition price be difficult?

  Company raw material inventory account

It's Kinda China produces collectible pieces of act. The company's Raw Material Inventory account includes the cost of both direct and indirect materials. Account balances for the company at the beginning and end of July 2008 follow:

  Question-agee corp acquired a 25 interest in trent co on

question-agee corp. acquired a 25 interest in trent co. on january 1 2010 for 500000. at that time trent had 1000000

  Journal entry-stockholders section of balance sheet

The stockholders' equity section of Hiller Corporation's balance sheet at December 31, 2005, appears below: Prepare the journal entries to record the above stock transactions.

  Don james purchased a new automobile

Don James purchased a new automobile

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