Product sales value at split-off separable processing

Assignment Help Financial Accounting
Reference no: EM131216761

Duiker Corporation has a joint process that produces three product: A, S and B. Each product may be sold at split-off or processed further and then sold. Joint-processing costs for the year amount to $30,000. Other data follows: PRODUCT SALES VALUE AT SPLIT-OFF SEPARABLE PROCESSING COSTS AFTER SPLIT-OFF SALES VALUE AT COMPLETION A $28,000 $4,500 $35,000 S 10,000 7,000 20,000 B 8,300 7,200 11,000 Processing Product S beyond the split-off point will cause profits to __________. You must enter your answer in the following format: $xxx,xxx for an increase in net profits or ($xxx,xxx) for a decrease in net profits

Reference no: EM131216761

Questions Cloud

What is the nature of fiduciary duty that general partner : James Carpenter contracted with Austin Estates, LP, to buy property in Texas. Carpenter asked Sandra McBeth to invest in the deal. He admitted that a dispute had arisen with the city of Austin over water for the property, but he assured her that it w..
Share of the gross income from the sale : Mr. H. Salt purchased a 1/8 interest in a producing oil well for $45,000. Recoverable oil reserves for the well were estimated at that time at 15,000 barrels 1/8 of which represented Mr. Salt's share of the reserves. During the subsequent year, Mr. S..
Variable and fixed-cost elements using the high-low method : Bruno Company accumulates the following data concerning a mixed cost, Compute the variable and fixed cost elements using the high-low method.
Relevant range assuming the behavior is linear : For Lodes Company, the relevant range of production is 40–80% of capacity. At 40% of capacity, a variable cost is $4,000 and a fi xed cost is $6,000. Diagram the behavior of each cost within the relevant range assuming the behavior is linear.
Product sales value at split-off separable processing : Duiker Corporation has a joint process that produces three product: A, S and B. Each product may be sold at split-off or processed further and then sold. Joint-processing costs for the year amount to $30,000. Other data follows: PRODUCT SALES VALUE A..
Explain whether net income increased-decreased : Horizontal analysis (trend analysis) percentages for Phoenix Company's sales revenue, cost of goods sold, and expenses are listed here. Explain whether Phoenix's net income increased, decreased, or remained unchanged over the 3-year period.( show sol..
How much are the annual net cash flows : You see an ad in the paper for a used bus. You figure you could use the bus to ferry students to and from Cleveland each weekend for the next five years. Your analysis indicated that there would be sufficient demand from the students 30 weekends per ..
Effective for staples to appeal to medium-sized businesses : It is crazy to see that Staples is on the decline because it has been one of those companies that has always been around but it makes sense that Amazon and Walmart are the main competitors because they continue to innovate their model. What has stapl..
The totality of computer systems in firm is called : Which of the following is least likely to be a member of a study team? Which of these is most likely to be the first task in a systems study? An intensive investigation of a company's present information system in order to discover systems weaknesses..

Reviews

Write a Review

Financial Accounting Questions & Answers

  The cheesecake shoppe is a national bakery

The Cheesecake Shoppe is a national bakery that is known for its strawberry cheesecake. It makes 12 different kinds of cheesecake as well as many other types of bakery items.

  Evaluate partnership interest

Which of the subsequent statements is accurate with respect to this transaction

  Show conceptual issues involved and the definition of assets

Show the conceptual issues involved and the definition of assets that can be applied in evaluating whether development expenditure should be treated as an asset or an expense.

  Compute the ending balance in each account

Prepare a T-account for each account on the companys balance sheet and prepare new T-accounts as needed. Key your entries to the letters - Compute the ending balance in each account.

  Illustrate what is total paid-in capital at the end

The firm was authorized to issue 85000 shares of $5 par common stock. During 2011, Doe had the following transactions relating to shareholders equity: Illustrate w hat is total paid-in capital at the end of 2011?

  How does lands end use its free cash flow

How does Lands End use its free cash flow? Do you think its use of free cash flows reflects good financial strategy?

  Show the effect of transaction on the accounting equation

Show the effect of transaction on the accounting equation - Gavin Corp. entered into the transactions

  Direct materials quantity variance

Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number

  Make a recommendation to wally wizard in a four page paper

Make a recommendation to Wally Wizard in a 3- to 4-page paper. Be sure to support your recommendation with the decision-making process outlined in the background information.

  How much was comprehensive income for the year

Equity increased by $800,000 during the year including net income of $600,000 and other comprehensive loss of ($150,000). The company had no stock transactions during the years (issues or repurchases). How much was comprehensive income for the year?

  Determine cash received on collections of sales

Determine cash received on collections of sales - The Feiner Corporation showed sales (on account) on its income statement of $200,000 for 19X1.

  Should not be separated to achieve adequate internal control

Explain why each of the following combinations of tasks should or should not be separated to achieve adequate internal control.

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