User Account

All Pages

What amount of joint processing cost is allocated

Assignment Help Cost Accounting
Reference no: EM132735308

Bennett Company produces two products from a joint process:

A and C. Joint processing costs for this production cycle are $9,000.

     Sales price            Disposal           Further              Final Sale
      per yard at cost      per yard       at processing         price per
        Yards                    split-off           split-off per yard       yard

A    1,800         $7.00            $4.50           $1.50           $8.00

C      2,600         10.00         6.00              3.50             12.25

If A and C are processed further, no disposal costs will be incurred or such costs will be borne by the buyer.

Problem 1: Refer to Bennett Company. Using a physical measure, what amount of joint processing cost is allocated to Product C (round to the nearest dollar)?

Select one:

a. $4,500
b. $6,062
c. $5,318
d. $3,682

Reference no: EM132735308

Questions Cloud

Find the depreciation for each of the first two years : Find the depreciation for each of the first two years by the double-declining-balance method. Do not round the double-declining balance rate.
How do you handle conflict with co-workers : Imagine you are at an interview for a new job. During the interview, you are asked several questions and then asked if you have any questions of the interviewer
Determine the professional labor rate and labor efficiency : Determine the professional labor rate and labor efficiency variances for August 2019. What is the total flexible-budget variance for the month?
Compare and contrast bacteriophages and animal viruses : Compare and contrast bacteriophages and animal viruses. In what ways are they the same and in what ways are they different?
What amount of joint processing cost is allocated : Refer to Bennett Company. Using a physical measure, what amount of joint processing cost is allocated to Product C (round to the nearest dollar)?
Discuss the advantages of each in helping law enforcement : Choose two of the information technologies discussed in this chapter and discuss the advantages and disadvantages of each in helping law enforcement.
Develop a report that addresses the issues : Your fourth project as a consultant for the United Nations is to develop a report that addresses the issues raised by some of the member states.
Determine the amount of working capital reported : Determine the amount of working capital reported in the balance sheet. Coastal's balance sheet for a recent year revealed the information
Show example for each of the three expenditures : Show at least one example for each of the three expenditures and explain why you chose that example. Use your own, original examples.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd