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
Otrada [13]
3 years ago
15

Choi Company manufactures two skin care lotions, Smooth Skin and Silken Skin, from a joint process. The joint costs incurred are

$360,000 for a standard production run that generates 170,000 pints of Smooth Skin and 300,000 pints of Silken Skin. Smooth Skin sells for $3.20 per pint, while Silken Skin sells for $5.20 per pint. (Do not round intermediate calculations. Round final answers to nearest whole dollar amounts.) Required: 1. Assuming that both products are sold at the split-off point, how much of the joint cost of each production run is allocated to Smooth Skin using the relative sales value method
Business
1 answer:
Naya [18.7K]3 years ago
4 0

Answer and Explanation:

1. The computation of the joint cost of each production assign to the smooth skin by relative sales values method is shown below:

Smooth skin

= $360,000 × (170,000 × $3.20) ÷ (170,000 × $3.20 + 300,000 × $5.20)

= $360,000 × $544,000 ÷ $2,104,000

= $93,080

And, for silken smooth

= $360,000 × (300,000 × $5.20) ÷ (170,000 × $3.20 + 300,000 × $5.20)

= $360,000 × $1,560,000 ÷ $2,104,000

= $266,920

You might be interested in
In which stage of the product life cycle will promotional expenditures be significantly high in an attempt to create consumer aw
Ghella [55]

Introduction Stage of the product life cycle will promotional expenditures be significantly high in an attempt to create consumer awareness of a product and its features.

Explanation:

We buy millions of goods every year as customers. And these goods have a life cycle just as we do.

The process of life of the product has 4 stages, each of which has specific characteristics, which mean different for the organisation trying to handle the life cycle of its individual products.

Introduction Stage : This stage of the cycle could make the company announcing a new product the most expensive. The item's market size is too small, which means that sales are weak, but they will be rise.

Growth Stage: The growth phase usually features a significant increase in sales and earnings, which will boost the gross margin as well as the general profit ratio as the enterprise will continue to benefit from economy of scale in manufacturing.

Maturity Stage: The product will now be developed during the maturity stage, and the manufacturer's goal will now be to maintain their market share.

Decline Stage: Ultimately, a commodity demand may continue to decrease, and this is known as the period of decrease.

3 0
4 years ago
What are two features of a bond
Norma-Jean [14]

Face/Par Value. The first characteristic of a bond is its face, or par value.

Coupon/Yield. The coupon or yield of a bond is the interest rate the issuer agrees...

Maturity. The maturity is the date at which the bond’s principal comes due...

Issuer. The type and quality of the bond issuer is also an important characteristic...

3 0
4 years ago
Lake Power Sports sells jet skis and other powered recreational equipment. Customers pay one-third of the sales price of a jet s
ella [17]

Answer:

$115,000

Explanation:

Calculation to determine what Lake would recognize realized gross profit

First step is to calculate the Gross profit percentage

Gross profit percentage = [($690,000 − $345,000)/$690,000]

Gross profit percentage =$345,000/$690,000

Gross profit percentage =0.5*100

Gross profit percentage = 50%

Now let calculate the realized gross profit

Realized gross profit=50% × $230,000

Realized gross profit = $115,000

Therefore Lake would recognize realized gross profit of:$115,000

4 0
3 years ago
annual payments, with 14 years to maturity, a par value of $1,000, and selling for $780. At this price, the bonds yield 6.2 perc
OLEGan [10]

Answer:

3.80%

Explanation:

For computing the coupon rate on the bonds, first we have to determine the PMT that is shown in the attachment

Given that,  

Present value = $780

Future value = $1,000

Rate of interest = 6.2%

NPER = 14 years

The formula is shown below:

= PMT(Rate,NPER,-PV,FV,type)

The present value come in negative

So, after solving this, the PMT is $38.04

Now the coupon rate is

= $38.04 ÷ $1,000

= 3.80%

5 0
4 years ago
Carly knows that according to ________, if she administers positive reinforcement or avoidance learning, her employees will tend
Yuri [45]

Answer:

Law of effect

Explanation:

This law was developed by Edward Thorndike

When Responses are followed by satisfaction, it causes people to become more attached to a situation. This is likely going to cause these people to continue doing things as they are doing them now. This is why if Carly uses positive reinforcement, her employees will do their jobs same way they are doing it now.

Conversely, if the situation is followed by discomfort, that is she uses punishments or extinction, the

employers will disconnect themselves from doing their jobs the same way they have been doing it.

7 0
3 years ago
Read 2 more answers
Other questions:
  • A perfectly inelastic demand implies that buyers
    8·1 answer
  • 4. The fee the bank charges the issuer of a bad check is a...
    14·1 answer
  • ________ assesses the consistency of observations by different observers.
    7·2 answers
  • Mayree is the owner of Spines Books, a small eclectic-style bookstore in a bustling college town. Mayree prides herself in selec
    9·1 answer
  • Holmes Company produces a product that can be either sold as is or processed further. Holmes has already spent $60,000 to produc
    11·1 answer
  • In each scenario below, please identify the personality dimension that, according to psychologist Carl Jung, would be the most a
    11·1 answer
  • Hailey Corporation pays a constant $9.45 dividend on its stock. The company will maintain this dividend for the next 13 years an
    9·1 answer
  • You have been invited for an interview as a Reward manager for a large hospital. As part of the interview you are to make a brie
    11·1 answer
  • Mccabe Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly Departmen
    11·1 answer
  • In 2019, smileytown consumed 50,000 tubes of toothpaste. in 2020, toothpaste consumption rose to 62,000 tubes. Calculate the per
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!