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monitta
4 years ago
12

Joint Cost Allocation—Physical Units Method Blake’s Blacksmith Co. produces two types of shotguns, a 12-gauge and 20-gauge. The

shotguns are made through a joint production process that ultimately produces 35 12-gauge shotguns and 15 20-gauge shotguns and costs a total of $3,700 per batch. After the split-off point, each type of shotgun goes through an additional crafting process before it is sold. The additional production process of the 12-gauge shotgun costs $35 per gun, after which it is sold for $170 per gun. The additional production process of the 20-gauge shotgun costs $22 per gun, after which it is sold for $142 per gun. Determine the amount of joint production costs allocated to each type of shotgun using the physical units method. Joint Product Allocation 12-gauge shotgun $ 20-gauge shotgun Totals $
Business
1 answer:
Kazeer [188]4 years ago
5 0

Answer:

                          Joint cost allocation

                    Physical units         Joint cost allocated

12-gauge            35                            $2,590

                                                     ($3,700*35/50)

20-gauge            15                               $1,110

                                                      ($3,700*15/50)

Total                    50                              $3,700

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A. current assets less current liabilities

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3 years ago
In the late 1930s management at Atalanta Industries agreed to hire only those workers who were already members of the Electrical
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Answer:

Closed shop

Explanation:

A closed shop involves an agreement where the employer only recruits Union members. The workers must remain Union members as long as they work with the employer.

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Closed shop was declared illegal by the Taft-Hartley act in 1947.

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4 years ago
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5 0
3 years ago
The quantity of a good demanded in a given time period increases as the price falls, which is known as:_________
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B) The law of demand

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Ceteris paribus means all things being equal.

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4 0
4 years ago
If there were 60,000 pounds of raw materials on hand on January 1, 120,000 pounds are desired for inventory at January 31, and 4
Lina20 [59]

Answer:

b) 350,000 pounds

Explanation:

The computation of the number of pounds purchased is shown below:

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We simply added the ending inventory and deduct the beginning inventory to the required production so that the accurate amount can come

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3 years ago
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