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!
Determine the Joint Cost
A company produces three products, Y1, Y2, and Y3 in the similar process. The data below reflects average monthly results as:
Y1
Y2
Y3
Monthly output (kg)
40,000
20,000
Sales Value at split off (shs.)
0
30,000
105,000
Sales Value after Split off
45,000
100,000
155,000
Costs of further processing
65,000
The joint costs were Shs.100,000
Required
Assign the joint cost employing the three methods employed to assigned joint costs.
Solution
(i) Physical/Measurement/Unit Method
TOTAL
Physical Output: (Kg)
80,000
Proportion
50%
25%
Joint costs allocated
50,000
25,000
(ii) Constant Gross Margin Rate Method
(iii) Net Realizable Value/Method
Net Realizable Value = Ultimate Sales Value - Separable Costs
Ultimate Sales Value:
Less: Separable Costs
(20,000)
(40,000)
(65,000)
Net Realizable Value:
60,000
90,000
175,000
Proportion on Net Realizable Value
14%
34%
52%
Allocation of Joint Costs:
14,000
34,000
52,000
Effects of differential cost analysis in decision making
How to calculate adjustments
Q. What kinds of benefits have communities realized due to FCA? Communities have understood the following benefits by using FCA: • Rates or tipping fees are set right and fa
Assume that a primary care physician practice performs only physical examinations. However, there are three levels of examinations I, II, III - that vary in depth and complexity.
maintenance costs at a hospital
how do you calculate them
Presented here is the basic financial information from the 2009 annual reports of Intel and Advanced Micro Devces (AMD), the two primary manufacturers of silicon chips for personal
From the following data write the standard cost card for one unit of the sole product manufactured. Standard Cost card for One U
Automotive Products (AP) designs, manufactures, and sells automotive parts. It has 3 main operating departments: design, engineering, and production. 1.Design ñ the
How the FIFO, LIFO and AW problems can be solved?
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd