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lys-0071 [83]
4 years ago
11

Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for th

e current period follows: product pounds price/lb. loin chops 3,000 $ 5.00 ground 10,000 2.00 ribs 4,000 4.75 bacon 6,000 3.50 the total joint cost for the current period was $43,000. how much of this cost should wren pork allocate to loin chops?
Business
1 answer:
Volgvan4 years ago
3 0

Answer: $8600

Explanation:

Joint cost allocation:

Product :

Loin chops

Pounds - 3000

Price per pound - $5

ground

Pounds - 10,000

Price per pound - 2.00

ribs

Pounds - 4,000

Price per pound - 4.75

bacon

Pounds - 6,000

Price per pound - 3.50

total joint cost - $43000

Sales cost per product :

Loin chops - 3000 × 5 = $15,000

Ground = 10000 × $2 = $20,000

Ribs - 4000 × $4.75 = $19,000

Bacon - 6000 × $3.50 = $21,000

Loin cost allocation is given by :

Total joint cost × (sales value of Loin chops ÷ Total sales value of all products)

$43,000 × ($15,000 ÷ $(15,000 + 20,000 + 19,000 + 21,000))

$43,000 × ( $15000 ÷ $75000)

$43,000 × 0.2 = $8600

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Account analysis, high-low. Luwak Coffees wants to find an equation to estimate monthly utility costs. Luwak has been in busines
Inessa [10]

Question Completion:

See attached.

Answer:

Luwak Coffees

1. Water bill is fixed.  Electricity bill is variable.  Telephone bill is mixed.

2. High-Low method:

Water bill = $120 + 0q

Electricity bill = $0.3q

Telephone bill = $140 + $0.02q

where q = the quantity of each cost consumed.

3. Water bill = $120 + 0q

Electricity bill = $0.3q

Telephone bill = $140 + $0.02q

= $260 + $0.32q

4. No solution.  There is no relationship with machine hours, employees, and units with utility bills.

Explanation:

a) Data and Calculations:

Month           Electricity Bill    Kilowatt Hours Used

January            $ 720                       2,400        

February          $ 840                       2,800

March             $1,098                       3,660

April                  $ 810                       2,700

May                 $1,176                       3,920

June               $1,248                       4,160

July                $1,044                       3,480

August           $1,194                       3,980

September   $1,260                       4,200

October        $1,230                       4,100

November    $1,188                        3,960

December  $1,266                        4,220

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Low cost = Jan  $ 720                2,400

High cost = December  $1,266         4,220

High cost = December  $1,266         4,220

Low cost = Jan                $ 720         2,400

Difference =                     $546         1,820

Variable cost per unit = $546/1,820 = $0.3 per kwh

Fixed cost, using December's figures:

Variable cost = $1,266

Fixed cost = $0 ($1,266 - 4,220 * $0.3)

Telephone bill:

High, June $197.60     2,880

Low, April     178.20      1,960

Difference $18.40        920

Variable cost = $18.40/920 = $0.02

Fixed cost = Total cost - Variable cost

= $197.60 - (2,880 * $0.02)

= $140

Download docx
4 0
3 years ago
What is a benefit of stock markets?
sleet_krkn [62]

Answer:

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Answer:

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Answer:

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