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
umka2103 [35]
3 years ago
6

Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the

split-off point total $390,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product Selling Price Quarterly Output A $ 28.00 per pound 14,600 pounds B $ 22.00 per pound 22,700 pounds C $ 34.00 per gallon 5,800 gallons Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unit selling prices after further processing are given below: Product Additional Processing Costs Selling Price A $ 91,990 $ 33.90 per pound B $ 133,305 $ 28.90 per pound C $ 62,660 $ 42.90 per gallon Required: 1. What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point
Business
1 answer:
yKpoI14uk [10]3 years ago
6 0

Answer:

                                                                  Product A   Product B  Product C

Sales value after further processing       $494,940   $656,030   $248,820

(14,600*$33.90), (22,700*$28.90),

(5,800*$42.90)

Costs of further processing                      <u>$91,990</u>     <u>$133,305</u>    <u>$62,660</u>

Benefits of further processing                 $402,950   $522,725   $186,160

Less: Sales value at split-off point           <u>$408,800</u>   <u>$499,400</u>   <u>$197,200</u>

(14,600*$28.00), (22,700*$22.00),

(5,800*$34.00)

Net advantage / (Disadvantage)            <u>$(5,850)</u>     <u>$23,325 </u>      <u>$(11,040)</u>

You might be interested in
The following is a trial balance of Barnhart Company as December 31, Year 1: Account Title: Debit Credit Cash 12,500 Accounts Re
Tanzania [10]

Answer:

The total amount of assets is 15,750.

Explanation:

Reproducing the trial balance below for clarity:

Account Title                  Debit           Credit

Cash                                12,500

Accounts Receivable     3,250

Accounts Payable                               2,800

Common Stock                                   6,600

Retained Earnings                              4,500

Service Revenue                                7,450

Operating Expenses       5,100

Dividends                         500

Total                                21,350         21,350

Calculation of Total Assets:

Total assets = Cash + Accounts Receivable

                    = 12,500 + 3,250

                    = 15,750

Note that among the given accounts, accounts cash and accounts receivable are assets; accounts payable is a liability; common stock and retained earnings are part of the capital; service revenue is a form of revenue; while operating expenses and dividends are expenses.

7 0
3 years ago
Which of the following would be considered the highest risk portfolio
algol [13]
The option that would be considered the highest risk portfolio is a<span> portfolio made up of 60% stocks, 30% mutual funds, and 10% Treasury bonds.
There is a lot of risks when investing in anything, because you pay a lot of money for something that may not be a wise idea, because in the end, you may lose a lot more than you get.
</span>
3 0
3 years ago
Read 2 more answers
Anna is a forensic scientist who still uses the methods used by Dr. Leone Lattes. How is this MOST likely demonstrated in Anna’s
Nikolay [14]
A is the answer took the test
4 0
3 years ago
Roland Company uses special strapping equipment in its packaging business. The equipment was purchased in January 2016 for $10,0
Anuta_ua [19.1K]

Answer:

Consider the following calculations

Explanation:

Answer:(a) Carrying value of asset: $10,000,000 - $2,500,000 = $7,500,000.

($10,000,000 ÷ 8) x 2 = $2,500,000

Future cash flows $6,300,000

Carrying value $7,500,000

Impairment entry:

Loss on Impairment A/C Dr. $1,900,000

      To Accumulated Depreciation A/C    $ 1,900,000

(7,500,000 - 5,600,000 = 1,900,000)

(b) Depreciation Expense A/C Dr. $ 1,400,000

           To Accumulated Depreciation A/C $ 1,400,000

($5600000/4=$1400000)

(c ) No depreciation is recorded on impaired assets to be disposed of.

Recovery of impairment losses are recorded.

Loss on Impairment A/c Dr. $1,900,000

      To Accumulated Depreciation A/C    $ 1,900,000

12/31/2015 Accumulated Depreciation A/C Dr. $ 300,000

                                          To Recovery of Impairment Loss A/C $ 300,000

5 0
3 years ago
Match the items according to their impact on aggregate demand (AD).
postnew [5]

Answer:

A recession occurring in a trading partners economy

8 0
2 years ago
Other questions:
  • Look at the table the utility of macaroni and cheese. carmen loves macaroni and cheese for thanksgiving. carmen's marginal utili
    15·1 answer
  • Managers establish a shared vision in order to motivate and inspire a group movement toward that vision. select one:
    15·1 answer
  • Social regulation : A. is more concerned with the overall standard of living of society rather than with details of production p
    7·1 answer
  • Identify the helping​ verb: How many tacos will you​ eat?
    7·2 answers
  • Jan is an average salesperson. She tends to make her sales quota four out of every five months. Last month she closed the larges
    8·1 answer
  • Linda is the director of HR at Colette Value Inc., a large tax-preparation firm. The firm faces a dearth of tax preparers every
    14·1 answer
  • 4. A company makes bicycles. It produces 450 bicycles a month. It buys the tires for bicycles from a supplier at a cost of $20 p
    6·1 answer
  • A leader who manages through activities, using his legitimate, reward and coercive powers to give commands and exchange rewards
    12·1 answer
  • Which of the following differences would result in future taxable amounts? Expenses or losses that are tax deductible after they
    8·1 answer
  • identify the early developments in europe as having either contributed or not contributed to the rise of industrial wage labor.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!