“Raw milk for dairy processing” can be classified as Select one: a. scrap b.main product c.byproduct d. joint product
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“Raw milk for dairy processing” can be classified as
main product
byproduct
joint product
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- Strategy adopted for identifying the location of dairy factory [ Ex : load distances method etc. ]Product costs are expensed Group of answer choices When the product unit cost is calculated. When the product is finished. When the product is sold. All of these.What is the inventoriable product costs Select one: a. Are the direct and indirect costs of producing goods O b. They consist of costs incurred in the management process only O c. Are the direct and indirect costs of marketing products O d. They consist of costs incurred in the manufacturing process only
- please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $350,000 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: Selling Price $ 16 per pound $ 8 per pound $ 25 per gallon Product Quarterly Output 15,000 pounds 20,000 pounds 4,000 gallons A В C 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: Additional Processing Costs Product $ 63,000 $ 80,000 $ 36,000 Selling Price $ 20 per pound $ 13 per pound $ 32 per gallon A В C Required: 1. What is the financial advantage (disadvantage) of further processing each of the three…Advertising of a specific product is an example of O A. batch-level costs. O B. product-sustaining costs. O C. facility-sustaining costs. O D. unit-level costs.
- The direct costs are: a. allocated to products b. traced to products c. absorbed by products d. apportioned to products/centresWhich of the following is a conversion cost?A. raw materialsB. direct laborC. sales commissionsD. direct material usedProduct Cost Method of Product Costing. Can you please help A-D? Thank You
- If selling and administrative expenses are allocated to different products, they should be reported as a a. factory overhead cost b. c. period cost Od. cost of goods manufactured cost of goods soldWhich one is a product cost Select one: a. Travel Expenses b. Power c. Rent Factory Building d. Salesmen SalariesDorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $310,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products based on their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product A B C Selling Price $ 12.00 per pound $ 6.00 per pound $18.00 per gallon Product A B C 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: Additional Processing Costs $ 52,470 $ 74,345 $ 27,460 Quarterly Output 11,400 pounds 17,900 pounds 2,600 gallons Required 1 Required: 1. What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point? 2. Based on…
