Fortune Producers manufactures three joint products, JKA, JKB, and JKC and a by- product JJD, all in a single process. Results for July are as follows: Materials used . Conversion cost 10,000 kgs., P24,000 28,000 Output Kilograms 4,000 3,000 1,000 2,000 Product ЈКА JKB JKC JJD Sales Value per kg. P11 10 26 1 The revenue from the by-product is credited to the sales account. Process costs are Apportioned on a relative sales value approach.

Q: a prod

A: Standard costs are the anticipated costs of manufacturing the product. Standard Direct Materials…

Q: What is the Equivalent Annual Operating Cost?

A: Equivalent annual cost (EAC) is the yearly expense of owning, managing, and operating an asset over…

Q: How I can calculate the gross margin?

A: Gross margin formula Sale-Cost of goods sold

Q: What is the difference between a Moving Average Price and a Standard Price?

A: A Moving Average Price (MAP) is a method of calculating the cost of goods sold by averaging the…

Q: how do I find direct cost per unit

A: Direct Cost A direct cost is a price that is directly associated with the production of particular…

Q: can you now calculate the gross profit ?

A: Gross profit can be defined as the net sales revenue earned by business over a particular period of…

Q: How do I get the unit selling price

A: Selling Price is the price at which a unit is sold to the customer. It is determined by keeping in…

Q: Need help to calculate the production cost per unit

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: How is Gross Margin % calculated?

A:

Q: What's the difference between the profit margin and gross margin ratio?

A: Ratio is the arithmetic relationship between two figures. Accounting ratios shows the…

Q: What is the standard cost income statement? Give an example?

A: Meaning of Standard cost income statement:A standard cost is the estimated cost of production based…

Q: Which of the following are assumptions associated with the cost equation? Check all that apply. The…

A: Cost equation means a line or formula which shows both types of cost like fixed costs and variable…

Q: COSTING METHOD. 1. What is average cost method? 2. What is FIFO cost method?

A: Solution: 1.   Average cost method: Average cost method is also known as weighted average method.…

Q: what is weighted average cost method?

A: The weighted average cost method is one of the methods to ascertain the unit cost of a product. It…

Q: Which costs make up “prime” costs？

A: Prime cost is that cost, which is directly concerned with the product such as direct material,…

Q: Define and describe contribution margin per unit.

A: Contribution margin:   Contribution margin refers to the process or theory that is used to judge the…

Q: The amount of a unit’s sales price that helps to cover fixed expenses is its ________.

A: In order to cover the fixed expenses

Q: Draw up a marginal statement that calculates the contribution per uni

A: Marginal costing seems to be a costing method whereby all variable expenses are included in the…

Q: Why is variable cost $174?

A: Variable costs are the costs which are directly related to the production of a unit. If there is no…

Q: How to calculate gross margin and gross sales

A: Sales means the amount recorded in books as revenue earned by selling the goods or services. Account…

Q: How is contribution margin calculated?

A: Contribution margin means sales revenue over and above the variable costs of production and selling…

Q: What is the carryover amount?

A: Introduction Capital losses may be defined as the decrease in the value of capital assets of the…

Q: do you determine the production

A:

Q: he Thotho income statement variable costing

A: In variable costing income statement, the sale revenue is reduced by all the variable cost to arrive…

Q: How to calculate total prime cost

A: Meaning of Prime Cost: Prime costs are a firm's expenses directly related to the materials and labor…

Q: what is the weighted average cost per unit

A: The weighted average method of computing the ending inventory is used to calculate the cost of goods…

Q: What is the difference between the production cost of a textbook and the retail cost of textbook?

A: Cost refers to the expense made by the firm for the product purchase or retail of the product.

Q: pletable amount by the estimated life in terms of units of output?

A: Depletable amount refers to the amount left after salvage value from the total cost of an intangible…

Q: How do you calculate costs of goods sold?

A:

Q: What Is load percent?

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Q: Which of the following equations is correct for determining the required sales in units to generate…

A: Pretax income, also known as earnings before tax or pretax earnings, is the net income earned by a…

Q: How is the cost per equivalent unit of production calculated?

A: