Lk0015. If Lisa sells all of the honeycomb and 100 pounds of the honey that she harvested, how much gross margin will she recognizeunder (1) the sales value at split-off method and (2) the physical quantities method?(1) The sales value at split-off method (Round answers to 2 decimal places, e.g. 15.25. Enter negative amounts using either a negativesign preceding the number e.g. -45.25 or parentheses e.g. (45.25).)Gross margin $Gross marginHoney$-577.78Honey(2) The physical quantities method (Round answers to O decimal places, e.g. 5,125. Enter negative amounts using either a negative signpreceding the number e.g. -45 or parentheses e.g. (45).)$-300Honeycomb$72.28Honeycomb-350 Lisa decided to try her hand at beekeeping. The costs that went into the harvesting process included the cost of the beehives, theoriginal bee colony, and her own time and equipment. This past year, she harvested 150 pounds of honey and 50 pounds of honeycombfor a total cost of $2,000. She has several outlets for selling her organic honey. The average sales price at these outlets is $4 per 8 oz.jar. The honeycomb can be sold as well, for $3 per pound.

Joint Cost - This is the cost incurred for number of products produced during a single process.These…

Lisa decided to try her hand at beekeeping. The costs that went into the harvesting process included the cost of the beehives, the original bee colony, and her own time and equipment. This past year, she harvested 150 pounds of honey and 50 pounds of honeycomb for a total cost of $2,000. She has several outlets for selling her organic honey. The average sales price at these outlets is $4 per 8 oz. jar. The honeycomb can be sold as well, for $3 per pound.

Lisa decided to try her hand at beekeeping. The costs that went into the harvesting process included the cost of the beehives, the original bee colony, and her own time and equipment. This past year, she harvested 150 pounds of honey and 50 pounds of honeycomb for a total cost of $2,000. She has several outlets for selling her organic honey. The average sales price at these outlets is $4 per 8 oz. jar. The honeycomb can be sold as well, for $3 per pound.

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

Q23 What is process that is done in HRA, the same way like that of any other physical asset? In this process, the asset is written off over its estimated useful life. a. Humanization b. Capitalization c. Depreciation d. Amortization
Please Introduction and explanation no plagiarism please
it say 6224.00 is incorrect
LC5Q5. In which of the following method of depreciation, the amount of depreciation remains constant? Reducing balance method Diminishing balance method Written down value method. Straight line method
Fans Company has two service departments-product design and engineering support, and two production departments - assembly and finishing. The distribution of each service department's efforts to the other departments is shown below: Design SERVICE DEPARTMENT Product Design 0% Engineering Support 20% The direct operating costs of the departments (including both variable and fixed costs) were as follows: Product Design Engineering Support Assembly Finishing Multiple Choice $1,863,265 SERVICES PROVIDED TO Support 10% 0% $623,878 $1,036,122 Assembly 30% 45% $100,000 $ 200,000 $540,000 $ 820,000 The total cost accumulated in the assembly department using the reciprocal method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar) Finishing 60% 35% D
On this question may you please explain how it came to 41880 instead of 41860
What is the Asset Turnover ratio for the following? I was thinking 174314501/5066261800
B11.
Other than 1040, what other forms need to be completed?
0.2KB/s O 68 4G+ 12:18 PM O 00:41:23 Remaining Multiple Choice Which of the following is part of the PAS 38's definition of intangible assets? Future economic benefits Without physical substance Controlled by the entity Identifiable monetary assets 13 of 25
E10.15
Y0: -190000 Y1: 80150 Y2: 83100 Y3: 86900 What is IRR for project?