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Charleville operates a continuous process producing three products and one by-product. output from the process for a month are as follows:
Product selling price per unit Units of output from process
1 $18 10,000
2 $25 20,000
3 $20 20,000
4(by-product) $2 3,500
Total joint costs were $277,000.
Question 1: What was the unit cost valuation for product 3 using the sales revenue basis for allocating joint costs assuming that the revenue receivable from the by-product is deducted from the joint costs?
Using the high-low method to split mixed costs, the variable rate is found to be $3 per hour,What is the estimated total cost at 350 hours?
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Property taxes for the factory will increase fixed costs by 4%. If sales prices are held constant, the next break-even point for Flying Cloud Co. will be
The budgeted overhead (static budget) was $200,000 , and the applied/ allocated overhead was $210,000. Compute the actual overhead costs incurred.
Actual manufacturing overhead was $245,000 and actual labor hours were 22,000. The amount of manufacturing overhead applied to production would be
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