Question
In: Accounting
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint...
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows:
| If Processed Further | ||||||||||
| Product | Units Produced | Sales Value at Split-Off | Additional Costs | Sales Values | ||||||
| W-10 | 64,400 | $ | 384,000 | $ | 41,400 | $ | 420,000 | |||
| W-20 | 46,000 | 330,000 | 33,000 | 384,000 | ||||||
| W-30 | 36,800 | 222,000 | 22,200 | 276,000 | ||||||
| W-40 | 36,800 | 168,000 | 13,800 | 184,000 | ||||||
| 184,000 | $ | 1,104,000 | $ | 110,400 | $ | 1,264,000 | ||||
Required:
Assuming that total joint costs of $518,880 were allocated using the sales value at split-off (net realizable value method), what joint costs were allocated to each product? (Do not round intermediate calculations.)
|
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint...
Deming & Sons manufactures four grades of lubricant, W-10,
W-20, W-30, and W-40, from a joint process. Additional information
follows:
If
Processed Further
Product
Units
Produced
Sales Value at Split-Off
Additional Costs
Sales Values
W-10
61,600
$
368,000
$
39,600
$
402,000
W-20
44,000
316,000
31,600
368,000
W-30
35,200
212,000
21,200
264,000
W-40
35,200
160,000
13,200
176,000
176,000
$
1,056,000
$
105,600
$
1,210,000
Required:
Assuming that total joint costs of $443,520 were allocated using
the physical quantities method, what...
Question 1 For the dataset: 20, 20, 10, 10, 40, 50, 20, 30, 10, 20, 50,...
Question 1
For the dataset: 20, 20, 10, 10, 40, 50, 20, 30, 10, 20, 50, 60,
20, 30, 50, 20, 30, 40, 30, 30, 30, 50, 40 calculate the max, min,
mode, median and mean.(20%)
Draw a boxplot with inner and outer fence
For the data in part (i), if the value 60 was replaced by 2000,
what would you call this value in the dataset? What could be the
explanation for such a value? How can you through...
City A is located 40° N, 10° W. City B is located 40° N, 20° E....
City A is located 40° N, 10° W. City B is located 40° N, 20° E.
Assume the Earth is a perfect sphere with a radius of 6371km.
Calculate the short distance between city A and city B along the
40° N parallel.
Calculate the shortest distance (on curved Earth surface)
between city A and the equator. π = 3.141
In a joint processing operation, Nolen Company manufactures three grades of sugar from a common input,...
In a joint processing operation, Nolen Company manufactures
three grades of sugar from a common input, sugar cane. Joint
processing costs up to the split-off point total $70,000 per year.
The company allocates these costs to the joint products on the
basis of their total sales value at the split-off point. These
sales values are as follows: raw sugar, $35,000; brown sugar,
$38,250; and white sugar, $46,500.
Each product may be sold at the
split-off point or processed further. Additional...
Calculate F Test for given 10, 20, 30, 40, 50 and 5,10,15, 20, 25. For 10,...
Calculate F Test for given 10, 20, 30, 40, 50 and 5,10,15, 20,
25.
For 10, 20, 30, 40, 50:
Given the data {20, 20, 30, 30, 40, 40, 50, 50, 60, 60}, calculate 1. Gini...
Given the data {20, 20, 30, 30, 40, 40, 50, 50, 60, 60},
calculate
1. Gini coefficient using the quintile distribution.
2. Draw the Lorenz curve with proper labels.
An instructor grades exams, 20%; term paper, 30%; final exam, 50%. A student had grades of...
An instructor grades exams, 20%; term
paper, 30%; final exam, 50%. A student had grades
of
83, 72, and 90, respectively, for exams, term paper,
and
final exam. Find the student’s final average. Use
the
weighted mean.
Stories in the Tallest Buildings The number
of
stories in the 13 tallest buildings for two
different
cities is listed below. Which set of data is
more
variable?
Houston: 75, 71, 64, 56, 53, 55, 47, 55, 52, 50, 50, 50,
47
Pittsburgh:...
1. Suppose an industry has 4 firms and the firms have 40%, 30%, 20% and 10%...
1. Suppose an industry has 4 firms and the firms have 40%, 30%,
20% and 10% of the market share, what is the HHI index for this
industry?
2. If the third and fourth firms in the industry above merge,
what is the new HHI index for this industry?
3.What is the largest possible number for HHI index?
4. What is the HHI for the cellular wireless industry?
Given the data set below, use it to answer the following questions: 10, 20, 30, 40,...
Given the data set below, use it to answer the following
questions:
10, 20, 30, 40, 50
a. Find the standard deviation
b. Add 5 to each data set value and find the standard
deviation.
c. Subtract 5 from each value and find the standard
deviation.
d. Multiply by 5 on each value and find the standard
deviation.
e. Divide by 5 on each value and find the standard
deviation.
f. Generalize the results in parts a-e.
Classes (Percentage) No of Students 0 < 10 10 10 < 20 20 20 < 30...
Classes (Percentage)
No of Students
0 < 10
10
10 < 20
20
20 < 30
25
30 < 40
15
40 < 50
20
50 < 60
35
60 < 70
45
70 < 80
10
80 < 90
15
90 < 100
5
2.1 Determine the:
2.1.1 Mean number of marks (1 mark)
2.1.2 Median number of marks
2.1.3 Modal number of marks
2.2 Calculate the standard deviation
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Do you agree that Social Loafing is similar to Theory X. Give an example to support...
- Computing Cost of Goods Sold and Ending Inventory. Bartov Corporation reports the following beginning inventory and...
- SQL FORMAT (11-13 are completed and correct) -- 11. what are the names of all students...
- You have been hired as a capital budgeting analyst by Advent Sports, a sporting goods firm...
- DESCRIBE WHAT HAPPENS WHEN WE BECOME CONSCIOUS OF SOMETHING. WHAT HAS TO HAPPEN FOR CONSCIOUS AWARENESS...
- 3) You are rolling a 12 sided die 8 times. a) What is the size for...
- explain the difference between quantitative and qualitative research strategies. Provide an example of a crime based...
ADVERTISEMENT