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erastova [34]
3 years ago
5

Jackson Company manufactures three products from a joint process. Joint costs for the year amounted to​ $300,000. The following

data was​ available: Product Units Produced Sales Value at Splitminusoff X ​5,000 ​$70,000 Y ​3,000 ​$30,000 Z ​2,000 ​ $100,000 Assume the physicalminusunits method of allocating joint costs is used. What amount of joint costs is allocated to Product​ Y?
Business
1 answer:
son4ous [18]3 years ago
4 0

Answer:

Joint costs allocated to Product Y = $60,000

Explanation:

Given:

Particular     Product Units     Produced Sales

X ​                       5,000               ​$70,000

Y                        ​3,000 ​              $30,000

<u>Z ​                       2,000 ​              $100,000</u>

<u>Total                   10,000         </u>

Joint costs allocated to Product Y = (Total Joint costs × Y's total unit) / Total units produced

Joint costs allocated to Product Y = ($300,000 × 3,000) / 10,000

Joint costs allocated to Product Y = $90,000

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Stocks A and B have the following data. Assuming the stock market is efficient and the stocks are in equilibrium, which of the f
irakobra [83]

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7 0
2 years ago
The Supply/Demand equilibrium price is __________ with an equilibrium quantity of _________. PRICE Column 1 Quantity Column 2 Qu
ArbitrLikvidat [17]

Answer:

a) price of $7 and quantity of 50 units

Explanation:

According to what I'm understanding of the table you got the following:

\left[\begin{array}{ccc}Price&Supply&Demand\\5&11&36\\6&36&68\\7&50&50\\7&73&37\\...&....&...\end{array}\right]

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3 years ago
At January 1, 2021, Transit Developments owed First City Bank Group $600,000, under an 11% note with three years remaining to ma
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Answer:

Dr Land 125,000

Cr Gain on disposition of assets125,000

Dr Notes payable 600,000

Dr Interest payable 66,000

Cr Gain on troubled debt restructuring 216,000

Cr Land 450,000

Explanation:

Preparation of journal entry(s)

Based on the information given we were told that they group have agreed to settle Transit’s debt innexchange for land which have a fair value amount of $450,000 mean while the Transit purchased the land in 2017 for the amount of $325,000 which means that the Journal entry will be :

Dr Land 125,000

($450,000 – 325,000)

Cr Gain on disposition of assets125,000

Based on the information given we were told that Transit owed First City Bank Group the amount of $600,000 that has an 11% note which means that the Journal entry will be :

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Dr Interest payable 66,000

(11% x $600,000)

Cr Gain on troubled debt restructuring 216,000

Cr Land 450,000

7 0
2 years ago
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