Required information [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $85,360 in as exchange for its common stock to launch the business. On December 31, the company's records show the follo and amounts. $ 7,010 18,350 4,480 19,360 Salaries expense 46,040 Telephone expense 9,740 85,360 Cash Cash dividends $ 3,390 Accounts receivable Office supplies Office equipment Consulting revenue Rent expense 18,350 4,820 8,370 Land 910 Miscellaneous expenses 720 Accounts payable Common stock

Required information [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $85,360 in as exchange for its common stock to launch the business. On December 31, the company's records show the follo and amounts. $ 7,010 18,350 4,480 19,360 Salaries expense 46,040 Telephone expense 9,740 85,360 Cash Cash dividends $ 3,390 Accounts receivable Office supplies Office equipment Consulting revenue Rent expense 18,350 4,820 8,370 Land 910 Miscellaneous expenses 720 Accounts payable Common stock

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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i did ask for a certain question to be resolved question 2b
Joint processing costs up to the split-off point total $75,000 per quarter. 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 Selling Price 5 per pound Quarterly Output 10,000 pounds A $ B $ 7 per pound 22,000 pounds C $ 11 per gallon 5,000 gallons 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 Product Processing Costs Selling Price A $ 53,000 $ 8 per pound B $ 38,000 $ 13 per pound с $ 18,000 $ 20 per gallon Which products should be processed further?
what are the solutions for questions 4 & 5?
whats happening with question 11 and 12? answer please
WP Corporation produces products X, Y, and Z from a single raw material input in a joint production process. Budgeted data for the next month is as follows: A) B) Product X yes yes no no Units produced Per unit sales value at split-off Added processing costs per unit Per unit sales value if processed further The cost of the joint raw material input is $90,000. Which of the products should be processed beyond the split-off point? Product Y yes no yes yes Product X 2,700 $ 25.00 $ 2.00 $31.00 Product Z no yes no yes Product Y 3,200 $ 28.00 $ 4.00 $31.00 Product Z 4,200 $ 27.00 $4.00 $36.00
Answer each of the following independent question: a and b
What's the final question's answer?
why did you not answer b?