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OlgaM077 [116]
3 years ago
11

Data pertaining to a company's joint production for the current period follows: L M Quantities produced 200 lbs. 150 lbs. Market

value at split-off point $ 8 /lb. $ 16 /lb. Compute the cost to be allocated to Product M for this period's $660 of joint costs if the value basis is used. Multiple Choice $264. $396. $330. $1,364. $796.
Business
1 answer:
Lelechka [254]3 years ago
4 0

Answer:

Joint cost value based = $396

Explanation:

Given:

Company                            L                M

Quantities produced     200 lbs       150 lbs

Market value                  $8/lb            $16/lb

Total joint cost = $660

Computation:

Market value of L = 200 lbs × $8/lbs

Market value of L = $1,600

Market value of M = 150 lbs × $16/lbs

Market value of M = $2,400

Total market value = Market value of L + Market value of M

Total market value = $1,600 + $2,400

Total market value = $4,000

Joint cost value based = $660 × ($2,400 / $4,000)

Joint cost value based = $396

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Answer:

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According to Kenneth Blanchard and Norman Vincent Peale, authors of The Power of Ethical  Management, there are three questions you should ask yourself whenever you are faced with an  ethical dilemma:

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4 0
3 years ago
Spree Company sold $769,300 of goods during the year at a cost of goods sold of $548,600. Inventory was $31,283 at the beginning
Zarrin [17]

Answer:

16.42

Explanation:

Data provided in the question:

Cost of goods sold =  $548,600

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Now,

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Also,

Average inventory of the year = \frac{\textup{Beginning inventory + Ending inventory}}{\textup{2}}

= \frac{\$31,283+\$35,538}{\textup{2}}

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6 0
3 years ago
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Suppose a bank enters a repurchase agreement in which it agrees to buy Treasury securities from a correspondent bank at a price
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Answer:

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