1 2 Marigold produces four kinds of ice cream from a single process. The total joint costs of $72,400 resulted from 3,300 gallons of vanilla, 2,800 gallons of strawberry, 2,100 gallons of chocolate, and 1,100 gallons of Neapolitan ice cream. Marigold sells the vanilla ice cream for $3.00 a gallon, and the other three flavours are sold for $3.50 per gallon. How much of the joint cost will be allocated to each product, if the sales value at split-off method is used? Davis Company produces a common machine component for industrial equipment in three departments: molding, grinding, and finishing. The following data are available for November: Molding Grinding Finishing Direct materials $143,300 $15,700 $10,200 Direct labor 13,600 34,200 22,800 19,400 Applied overhead 17,000 135,900 During November, 8,800 components were completed. There is no beginning or ending WIP in any department. Required: 1. Prepare a schedule showing, for each department, the cost of direct materials, direct labor, applied overhead, product transferred in from a prior department, and total manufacturing cost. 2. Calculate the unit cost.

1 2 Marigold produces four kinds of ice cream from a single process. The total joint costs of $72,400 resulted from 3,300 gallons of vanilla, 2,800 gallons of strawberry, 2,100 gallons of chocolate, and 1,100 gallons of Neapolitan ice cream. Marigold sells the vanilla ice cream for $3.00 a gallon, and the other three flavours are sold for $3.50 per gallon. How much of the joint cost will be allocated to each product, if the sales value at split-off method is used? Davis Company produces a common machine component for industrial equipment in three departments: molding, grinding, and finishing. The following data are available for November: Molding Grinding Finishing Direct materials $143,300 $15,700 $10,200 Direct labor 13,600 34,200 22,800 19,400 Applied overhead 17,000 135,900 During November, 8,800 components were completed. There is no beginning or ending WIP in any department. Required: 1. Prepare a schedule showing, for each department, the cost of direct materials, direct labor, applied overhead, product transferred in from a prior department, and total manufacturing cost. 2. Calculate the unit cost.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
Can you use excel to do the data please.
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
Can someone help me with the part b and c please?
How would I calculate this problem? I just guessed on which answer made sense to me. Please help. thank you in advance.
subject:accunting information system. Q: explainDocument flowcharts and give two examples.
Please provide only typed answer solution no handwritten solution needed allowed... Please do it neat and clean correctly.
Please show and explain all steps to solve this problem.
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
How can you display or print a batch or group of reports quickly? A. Create a memorized group of reports. B. Click Batch Reports from the Home Page C. Click Reports > Process multiple reports D. You cannot do this in Quickbooks
Hi, thanks for your help. PLease how to obtain YTM without excel and mathematical calculator. i really need to know how to obtain YTM manually to understand the question. Many thanks