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
MissTica
3 years ago
13

Harmon Inc, manufactures two products from a joint process, product A and product B. A standard production run incurs joint cost

s of $45,000 and results in 1,500 units of product A and 2,500 units of product B. Product A sells for $50.00 per unit and Product B sells for $20.00 per unit. Assuming that no further processing occurs after the split-ff point, how much of the joint costs are allocated to Product A and B using the physical measure method
Business
1 answer:
Angelina_Jolie [31]3 years ago
5 0

Answer:

Harmon Inc.

Joint costs of $45,000 allocated to:

Product A = $16,875

Product B = $28,125

Explanation:

a) Data and Calculations:

Joint costs of a standard production run = $45,000

Joint products        Product A     Product B      Total

Production units       1,500            2,500          4,000

Selling price per unit  $50               $20

Allocation of joint costs based on physical measure method:

Product A = $16,875 (1,500/4,000 * $45,000)

Product B = $28,125 (2,500/4,000 * $45,000)

b) Joint costs of $45,000 were incurred by Product A and Product B jointly because they consumed the same resources during the production run.  These costs can be allocated to the products based on established criteria, for example, units of products and sales value.  The purpose is to properly account for the joint costs at split-off.

You might be interested in
If the owner of a children's day-care center were to answer the question, "what business are you in?" with the statement, "We nu
S_A_V [24]

Answer:

Yes is a  market-oriented mission statement.

Explanation:

Small businesses solve problems and offer solutions for a customer's needs. A market-oriented mission statement defines a purpose that focuses on satisfying a customer's needs. The purpose of a market-oriented mission should match current market data and environments

5 0
3 years ago
State of Economy Probability of State of Economy Rate of Return if State Occurs Recession .32 − .11 Boom .68 .23 Calculate the e
butalik [34]

Answer:

1) Expected return is 12.12%

2) Portfolio beta is 1.2932

Explanation:

1)

The expected return can be calculated by multiplying the return in a particular state of economy by the probability of that state occuring.

The expected return = (0.32 * -0.11) + 0.68 * 0.23

Expected return = 0.1212 or 12.12%

b)

The portfolio beta is the the systematic riskiness of the portfolio that is unavoidable. The portfolio beta is the weighted average of the individual stock betas that form up the portfolio.

Thus the portfolio beta will be,

Portfolio beta = 0.33 * 1.02 + 0.2 * 1.08 + 0.37 * 1.48 + 0.1 * 1.93

Portfolio beta = 1.2932

4 0
3 years ago
Read 2 more answers
Alden Trucking Company is replacing part of its fleet of trucks by purchasing them under a note agreement with Kenworthy on Janu
Romashka [77]

Answer:

D) $32,624,514.

Explanation:

Installments (A) = $10,070,000

Principal due (B) = $39,169,279

Interest Payment (C) =B x 9% = $39,169,279*9%

Interest Payment (C) = $3,525,235

Principal Payment (D) = A - C

Principal Payment (D) = $10,070,000 - $3,525,235

Principal Payment (D) = $6,544,765

Total Due (E) = B - D

Total Due (E) = $39,169,279 - $6,544,765

Total Due (E) = $32,624,514

So, after the first payment was made, the note payable liability on December 31, 2016 is closest to $32,624,514

7 0
2 years ago
Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither
alina1380 [7]

Answer:

producer surplus

consumer surplus

neither

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = willingness to pay – price of the good

The highest amount i was willing to buy the watch is $71 but the price was $65. this illustrates a consumer surplus

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

Producer surplus = price – least price the seller is willing to accept

The least amount the textbook seller was willing to sell was $48 while the price the textbook was sold was $54. thus, a illustrates a producer surplus.

for statement c, a transaction did not take place, so, it is neither a producer or consumer surplus

5 0
3 years ago
The ________ is where quantity demanded and quantity supplied are equal at a certain price.
nikklg [1K]
The answer to this question is Equilibrium price
The equilibrium price most commonly indicate the price level where both sellers and buyers feel satisfied.
In this level, the buyers will get the maximum value from the products while the sellers still maintaining a sustainable level of profit to continue their business.
6 0
3 years ago
Other questions:
  • A department had 65 units which were 20% complete in beginning Goods in Process Inventory. During the current period, 77 units w
    6·1 answer
  • A narrative report is a type of inspection report that's
    15·1 answer
  • You are new. your supervisor is giving you lots of instructions for where to find information you will need to do your job. she
    8·2 answers
  • You can spend $10 for lunch and you would like to purchase two cheeseburgers. When you get to the restaurant, you find out the p
    8·1 answer
  • The Stores and Service Fund of the City of Monroe had the following account balances as of January 1, 2017:
    13·1 answer
  • If equilibrium price falls and the equilibrium quantity of the good purchased decreases, what has happened to either the supply
    13·1 answer
  • Precise Machinery is analyzing a proposed project that is expected to sell 1,450 units, ±3 percent. The expected variable cost p
    9·1 answer
  • Amazing Industries began 2018 with accounts​ receivable, inventory, and prepaid expenses totaling $ 48 comma 000 and its total c
    7·1 answer
  • In the third step of the strategic management process, managers should:
    7·1 answer
  • Is great profit or nay profit more important to consider when your deciding how successful and profitable a company is
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!