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Ronch [10]
3 years ago
11

Qu. 13-95 (Algo) Two products, QI and VH, emerge from a joint process... Two products, QI and VH, emerge from a joint process. P

roduct QI has been allocated $27,300 of the total joint costs of $48,000. A total of 2,200 units of product QI are produced from the joint process. Product QI can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,200 and then sold for $13 per unit. If product QI is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point
Business
1 answer:
Andrews [41]3 years ago
7 0

Answer and Explanation:

The computation of the financial advantage or disadvantage is as follows:

<u>Particulars                                              Product Q1 </u>

Selling price after further processing  13.00

Selling price at split off point                 11.00

Incremental revenue per pound or gallon 2.00

Total production                                    2,200.00

Total Incremental Revenue                 4,400.00

Total Incremental Processing costs        10,200.00

Total Incremental profit or loss                   (5,800.00)

Since there is an incremental loss so the same would be Sold at split off

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5 0
2 years ago
Jim and Lisa own a dog-grooming business in Champlain, New York, called JL Groomers. There are many buyers and many sellers in t
Elza [17]

The answer is marginal revenue (MR) curve above $22.

Explanation:

Jim and Lisa Groomers will maximize its accounting profit when taking it to 0 its economic profits when marginal revenue = marginal costs.

Economic profits are not the same as accounting profits because they include the opportunity costs of investing the money somewhere else. That is whythe long run firm is not able to make economic profits since as they exist, new competitors will enter the market. But in the case of the shoert run, the firms are able to make economic profit, but by doing so, they cannot maximize their accounting profit.

Economic profit = account profit = Opportunity profit

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3 0
3 years ago
Chhom corporation makes a product whose direct labor standards are 0.8 hours per unit and $34 per hour. In November the company
Irina-Kira [14]

Answer:

$17,000 Favorable

Explanation:

Provided information, we have

Standard hours for each unit = 0.8 hours

Standard Rate per hour = $34

Actual quantity produced = 7,650 units

Actual labor hours used = 5,620

Actual rate per hour = $118,020/5,620 = $21 per hour

Standard hours for Actual output = 7,650 \times 0.8 = 6,120 hours

Labor Efficiency Variance = (Standard Hours - Actual Hours) \times Standard labor rate per hour

= (6,120 - 5,620) \times $34

= $17,000 Favorable

As the amount is positive and actual hours used is less than standard hours the variance is favorable.

4 0
3 years ago
Which of the following could cause an appreciation of the real exchange rate in a small open economy? A decrease in the domestic
Savatey [412]

Answer: An increase in government spending

Explanation:

Currency appreciation is an increase in the worth of one currency against the value of another currency. Due to the appreciation of a currency, imports get cheaper.

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7 0
3 years ago
Assume that Maia spends all of her income on halvah (H) and pomegranates (P) and is purchasing the optimal consumption bundle. I
mamaluj [8]

Answer:

The correct answer is:

$4 (D.)

Explanation:

From the question, we are told that:

the price of halvah (MUH)= $12

the price of pomegranates (MUP)= ????

Next, we are also told that the optimal consumption ratio of MUH to MUP = 3

This means that the Mauginal Utility of halvah (H) to the marginal utility of pomegranates (P) = 3

MUH/MUP = 3

12/MUP = 3

MUP = \frac{12}{3} = 4

MUP = $4

5 0
2 years ago
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