What are the formulas and processes to allocated joint costs

Assignment Help Accounting Basics
Reference no: EM131807644

There are 4 methods for allocation of joint costs: the sales value at splitoff method,the net realizable value (NRV) method, the constant gross-margin percentage method, and physical measures methods that use data such as weight or volume.

What are the formulas and the processes to allocated joint costs using these methods?

Reference no: EM131807644

Questions Cloud

Series of equal semiannual cash flows : The first of a series of equal semiannual cash flows occurs on July 1, 2011, and the last occurs on January 1, 2024. Each cash flow is equal to $128,000.
Discuss what-other than the implementation costs : What-other than the implementation costs- is driving its inaction, Does it have any valid reasons for this inactivity
What is the amount of frank monthly payment : During the summer, Frank made enough money to pay off the entire balance due on the car as of October 1. How much did Frank owe on October 1?
How much must he pay each month : A man borrowed $500 from a bank on October 15th. He must repay the loan in 16 equal monthly payments, due on the 15th of each month
What are the formulas and processes to allocated joint costs : the constant gross-margin percentage method, and physical measures methods that use data such as weight or volume
Alternative hypotheses in order to test the claim : You suspect that an unscrupulous employee at a casino has tampered with a die; that is, he is using a loaded die. In order to test this claim.
What was his monthly loan payment : (a) What was his monthly loan payment? (b) What must he have paid (in addition to his regular 120th monthly payment) to pay the remaining balance of his loan?
Determining the uniform annual investment : Assuming 5% interest, what uniform annual investment will he have to make on the girl's 8th through 17th birthdays?
Perform a vertical analysis on the income statements : Perform a vertical analysis on the income statements (Consolidated Statements of Operations) for all three years.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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