“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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- Appropriate base to allocate purchase department cost to different products is? A. Machine Hour B. Purchase Order C. Closing stock of Material D. Units of outputplease 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.Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $315,000 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 A B с Selling Price $13.00 per pound $ 7.00 per pound $19.00 per gallon Product A B с 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 Quarterly Output 11,600 pounds 18,200 pounds 2,800 gallons $ 54,640 $ 77,580 $ 29,360 Selling Price $17.40 per pound $ 12.40 per pound. $26.40 per gallon Required: 1. What is the financial advantage (disadvantage) of further processing each…Product 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 soldDorsey 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…In cost terms, direct labor cost is included inA. Manufacturing costsB. Prime costsC. Conversion costsD. B and CE. A, B and C
- If selling and administrative expenses are allocated to different products, they should be reported as a a.period cost b.factory overhead cost c.cost of goods sold d.cost of goods manufacturedWhen products and their costs are moved from one process to the next process, these costs are referred to as a. WIP inventory costs. b. unit costs. c. transferred-in costs. d. equivalent unit costs.SUBJECT - GENERAL ACCOUNT What term is commonly used to describe the concept whereby the cost of manufactured products is composed of direct materials cost, direct labor cost, and variable factory overhead cost? A. Absorption costing B. Differential costing C. Standard costing D. Variable costing
