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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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Goryan [66]

Answer:

$42,000

Explanation:

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Therefore the amount of the deferred tax liability at the end of 2021 will be $42,000

6 0
3 years ago
hen a board of directors determines a specific profit goal, marketing managers usually implement a(n) Blank______ objective.
AveGali [126]

When a board of directors determines a selected profit goal, advertising managers commonly enforce a target return objective.

Target return Objective-

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7 0
2 years ago
Who among the following is a manager with good time-management skills?
ioda

Answer:

c. Jonathan, who segregates tasks and classifies them based on priority needs

Explanation:

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7 0
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grigory [225]
The answer to the problem below is:

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tatuchka [14]

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6 0
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