1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SSSSS [86.1K]
3 years ago
12

A granary allocates the cost of unprocessed wheat to the production of feed, flour, and starch. For the current period, unproces

sed wheat was purchased for $120,000, and the following quantities of product and sales revenues were produced. Product Pounds Price per pound Feed 100,000 $ 0.70 Flour 50,000 2.20 Starch 20,000 1.00 How much of the $120,000 cost should be allocated to flour if the value basis is used?
Business
1 answer:
ArbitrLikvidat [17]3 years ago
3 0

Answer:

Allocated cost = $66,000

Explanation:

Total sales value for the three products

= (100,000× $0.70)  + (50,000× $2.20) + (20,000 × $1.00)

=  $200,000.

Joint cost allocated to Flour

= sales value of flour / total sales value × Joint cost

=  (50,000× $2.20)/200,000.×120,000

=$ 66,000.00  

You might be interested in
Current assets are usually listed in order A. of the due dateB. of the sizeC. alphabeticallyD. of liquidity
sp2606 [1]

Answer:

D. of liquidity

Explanation:

The current assets will be listed according to how close are to be converted to cash. and liquidity is the property of an asset to be converted into cash. the land  have less liquidity than  an account recievable, as the land required a lot of effort an time to be sold, while the account receivable is a know price with a certain colection date.

With the liquidity in mind, the current assets should be listed as follow:

first we list cash, nothing is more liquid than cash.

then we list cash equivalent like marketable securities

the nwe list account receivable

and inventory

why  the account receivable have more liquid than inventory?

because the account receivable needthe effort to be colelcted.

while the inventory needs both, the effort to sale the goods and then collected.

7 0
3 years ago
The price elasticity of demand for soft drinks has been estimated to be 0.55. if the government enacts a major increase in the t
Artyom0805 [142]
<span>It definitely would be bad for most people. It would increase the price on a very common item that the majority of the population consumes and that would be harmful to the economy in an important aspect of the economy. It might also even limit the diversity of flavors and brand innovation.</span>
5 0
4 years ago
Nascar redirected its marketing efforts when a survey indicated that almost 50 percent of its fans were female. this is an examp
olga nikolaevna [1]
This would not be psychographic segmentation, as segmenting by gender would be demographic
4 0
3 years ago
Reedy Company reports the following information for 2012:
asambeis [7]

Answer:

Ending WIP= $13,500

Explanation:

<u>First, we need to calculate the factory overhead:</u>

Factory overhead= 25,000*0.75= $18,750

<u>Now, the ending WIP inventory:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

68,250 = 11,000 + 27,000 + 25,000 + 18,750 - Ending WIP

Ending WIP= $13,500

4 0
3 years ago
A firm has a debt-to-equity ratio of 0.50 and debt equal to $35 million. The firm acquires new equipment with a 3-year operating
ipn [44]

Answer:

($35 million + $12 million) / $70 million = 0.6714

Explanation:

6 0
3 years ago
Other questions:
  • Below is budgeted production and sales information for Flushing Company for the month of December: Product XXX Product ZZZ Estim
    7·1 answer
  • Which of the following statements is true of an organization's product mix
    6·1 answer
  • Company X denominated a December 1, 20X9, purchase of goods in a currency other than its functional currency. The transaction re
    14·1 answer
  • Present Value of an AnnuityConsider the following scenarios for an annuity with a $1000 payment amount C: 27.If you invest the $
    10·1 answer
  • Owner Fay Woo is considering franchising her Oriental Joy restaurant concept. She believes people will pay $ 6.50 for a large bo
    8·1 answer
  • Hawk Corporation purchased 10,000 shares of Diamond Corporation common stock in 2016for $50 per share. HawkCorporation does not
    5·1 answer
  • Answer the question
    10·1 answer
  • Item 4 A coupon bond that pays interest annually has a par value of $1,000, matures in seven years, and has a yield to maturity
    11·1 answer
  • You and four other team members attend a seminar on conflict. The seminar costs $150 per person. You will need to drive two cars
    12·1 answer
  • What term is used in macroeconomics to describe the total supply and the total demand? capital inflation aggregate equilibrium
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!