Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Grassy Fertilizer manufactures two lines of garden grade fertilizeras part of a joint production process: GF10 and GF20. Joint costsup to Grassy's split-off point total $85,000 per batch. Thesejoint costs are allocated to GF10 and GF20 in proportion to theirrelative sales values at the split-off point of $40,000 and$60,000, respectively.
Both lines of garden grade fertilizer can be further processed intocommercial grade fertilizer. The following table summarizes thecosts and revenue associated with additional processing of GF10 andGF20:
Adaditional
Final Selling Price
Processing
Batch of commercial
Cost
Grade fertilizer
GF10
$18,000
$67,000
GF20
38,000
97,000
(a) The $85,000 in joint costs should be allocated to each productas follows: GF10 $____________, GF20 $____________
(b) Which product (GF10 or GF20) would result in a net decrease inoperating income if processed into a commercial grade fertilizer?
(c) Which product (GF10 or GF20) would result in a net increase inoperating income if processed into a commercial grade fertilizer?
what is the cost of the raw materials requisitioned in June for each of three jobs?
A particular common stock has an annual cash dividend of $2 per share and is predicted to have a market value of $30 per share 5 years from now. Assuming a discount rate of 10%, a fair market price for the stock today is:
What would be the incremental effect on the company's overall profit of reworking and selling the material rather than selling it as is as scrap?
briana hope has had a long-standing love affair with technology and an appetite for apps. she believes that business
Assume the equity method is applied. Compute Bell's income from Demers for the year ended December 31, 2008.
Ddescribe the possible "errors" or "frauds" that could occur because of the control weakness. You are to do this using the information provided in the case.
What amount of capitalized interest should Brick report as part of its building account at December 31, 2011?
Diversification in an investment portfolio is a significant concept for creating the highest return for the least amount of risk. To create this diversification portfolio managers consider the covariance and correlation of investments. Explain how..
The balance sheet is useful for analyzing all of the following except _______________.
Examine how the SOX framework can prevent business model fraud in financial accounting and managerial accounting.
LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 3.5 hours of direct labor at the rate of $14.50 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June.
The variable overhead rate was $3 per hour. Actual fixed overhead was $360,000 and actual variable overhead was $170,000. Actual production was 11,700 units.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd