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Xelga [282]
3 years ago
12

Cheyenne Enterprises manufactures Nuts and Bolts from a joint process (cost = $90,000). Five thousand pounds of Nuts can be sold

at split-off for $20 per pound; ten thousand pounds of Bolts can be sold at split-off for $15 per pound. For product costing purposes Cheyenne allocates joint costs using the relative sales value method. The amount of joint cost allocated to Nuts would be:
Business
1 answer:
Klio2033 [76]3 years ago
6 0

Answer:

$36,000

Explanation:

Joint process cost =$85000

Allocation of Joint cost using relative sales value method:-

Sales value of Nuts = 5,000 pounds × $20 per pound

                                = $100,000

Sales value of Bolts = 10,000 pounds × $15 per pound

                                 = $150,000

Total sales value = $100,000 + $150,000

                             = $250,000

Joint cost allocate to Nuts:

= (Total Joint cost ÷ Total relative sales value) × Sales value of Nuts

= ($90,000 ÷ $250,000) × $100,000

= $36,000

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There are three houses. One is red, one is blue, and one is white. If the red house is to the left of the house in the middle, a
Marta_Voda [28]
The white house is in the middle. Good riddle!
4 0
3 years ago
TASHA WANTS TO BE A DOCTOR WITCH CTSO SHOULD SHE JOIN
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4 0
3 years ago
F banks kept 100 percent of deposits on hand as reserves, the reserve requirement ratio:
Paraphin [41]

Answer:

Option (B) is correct.

Option (D) is correct.

Explanation:

If banks kept 100 percent of deposits on hand as reserves, then this will indicate that all the deposited amount would be saved as reserves. Therefore, the reserve requirement ratio is 100% here which means that:

Reserve ratio = 100%

                      = 100 ÷ 100

                      = 1

and the money multiplier = 1 ÷ reserve requirement ratio

                                          = 1 ÷ 1

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7 0
3 years ago
An outside supplier has offered to make the part and sell it to the company for $25.10 each. If this offer is accepted, the supe
gogolik [260]

Missing information:

Corporation makes 5,700 units of part U13 each year. This part is used in one of the company's products. The company's Accounting Department reports the following costs of producing the part at this level of activity: Per Unit Direct materials $9.60 Direct labor $7.80 Variable manufacturing overhead $10.20 Supervisor's salary $5.90 Depreciation of special equipment $8.80 Allocated general overhead $8.00 An outside supplier has offered to make and sell the part to the company for $25.10 each.

Answer:

annual financial advantage of purchasing part from outside vendor = $73,380  

Explanation:

current production costs per unit:

  • direct materials $9.60
  • direct labor $7.80
  • variable manufacturing overhead $10.20
  • supervisor's salary $5.90
  • depreciation of special equipment $8.80
  • allocated general overhead (fixed) $8.00
  • total current costs per unit = $50.30
  • total costs $50.30 x 5,700 units = $286,710

costs if company decides to purchase the part form outside vendor:

  • purchase cost per unit $25.10
  • deprecation of special equipment $8.80
  • allocated general overhead $8.00
  • total costs per unit = $41.90
  • total costs $41.90 x 5,700 = $238,830
  • - revenue generated from using facility space = $238,830 - $25,500 = $213,330

annual financial advantage of purchasing part from outside vendor = $286,710 - $213,330 = $73,380  

4 0
3 years ago
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