Joint cost allocation as per sales value at split off method.

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Answer 1

Question

Chapter 16, Problem 16.30P

1.a

To determine

To compute: Joint cost allocation as per sales value at split off method.

1.b

To determine

To compute: Joint cost allocation as per physical measure method.

1.c

To determine

To compute: Joint cost allocation as per NRV method.

2.

To determine

To prepare: Analysis of further process of decorative pieces or sell as it is.

3.

To determine

To identify: Behavior demonstrated by the skilled labor due to announcement and actions taken to improve the behavior.

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Sp25 ACCT X CengageNOWv2 | Online teaching X exhibit 6.4.jpg 71x399) x + bw.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true FIFO perpetual inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are Number Date Transaction of Units Per Unit Total Apr. 3 Inventory 25 $1,200 $30,000 8 Purchase 75 1,240 93,000 11 Sale 40 2,000 80,000 30 Sale 30 2,000 60,000 May 8 Purchase 60 1,260 75,600 10 Sale 50 2,000 100,000 19 Sale 20 2,000 40,000 < 28 Purchase 80 1,260 100,800 June 5 Sale 40 2,250 90,000 16 Sale 25 2,250 56,250 21 Purchase 35 1,264 44,240 28 Sale 44 2,250 99,000 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illust first-in, first-out method. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER un Check My Work 3 more Check My Work uses remaining Q Search hp

PLEASE HELP! NOTICE. THERE ARE FIVE CELLS ON THE LEFT SIDE TO FILL. THE DROPDOWN SHOWS THE OPTIONS FOR THESE CELLS.

Calm Ltd has the following data relating tò two investment projects, only one of which mayb e s e l e c t e d :The cost of capital is 10 per cent, and depreciation is calculated using straight line method.a . Calculate for each of the project:i. Average annual accounting rate of return on average capital investedi i . Net Present Valuei l l . I n t e r n a l R a t e o f Returnb. Discuss the relative merits of the methods of evaluation mentioned above in (a).Q.4a . In the context of process costing, discuss the following concepts briefly, i . Equivalent unitsNormal lossill. Abnormal lossi v. Joint productsV . By productsb . Discuss the different types of standard costing and objectives of standard costing.

Answer 2

Question

Chapter 16, Problem 16.30P

1.a

To determine

To compute: Joint cost allocation as per sales value at split off method.

1.b

To determine

To compute: Joint cost allocation as per physical measure method.

1.c

To determine

To compute: Joint cost allocation as per NRV method.

2.

To determine

To prepare: Analysis of further process of decorative pieces or sell as it is.

3.

To determine

To identify: Behavior demonstrated by the skilled labor due to announcement and actions taken to improve the behavior.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 16, Problem 16.30P

1.a

To determine

To compute: Joint cost allocation as per sales value at split off method.

1.b

To determine

To compute: Joint cost allocation as per physical measure method.

1.c

To determine

To compute: Joint cost allocation as per NRV method.

2.

To determine

To prepare: Analysis of further process of decorative pieces or sell as it is.

3.

To determine

To identify: Behavior demonstrated by the skilled labor due to announcement and actions taken to improve the behavior.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 16, Problem 16.30P

1.a

To determine

To compute: Joint cost allocation as per sales value at split off method.

1.b

To determine

To compute: Joint cost allocation as per physical measure method.

1.c

To determine

To compute: Joint cost allocation as per NRV method.

2.

To determine

To prepare: Analysis of further process of decorative pieces or sell as it is.

3.

To determine

To identify: Behavior demonstrated by the skilled labor due to announcement and actions taken to improve the behavior.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 16, Problem 16.30P

1.a

To determine

To compute: Joint cost allocation as per sales value at split off method.

1.b

To determine

To compute: Joint cost allocation as per physical measure method.

1.c

To determine

To compute: Joint cost allocation as per NRV method.

2.

To determine

To prepare: Analysis of further process of decorative pieces or sell as it is.

3.

To determine

To identify: Behavior demonstrated by the skilled labor due to announcement and actions taken to improve the behavior.

Answer 6

Chapter 16, Problem 16.30P

1.a

To determine

To compute: Joint cost allocation as per sales value at split off method.

Answer 7

Chapter 16, Problem 16.30P

1.a

To determine

To compute: Joint cost allocation as per sales value at split off method.

Answer 8

1.b

To determine

To compute: Joint cost allocation as per physical measure method.

Answer 9

1.b

To determine

To compute: Joint cost allocation as per physical measure method.

Answer 10

1.c

To determine

To compute: Joint cost allocation as per NRV method.

Answer 11

1.c

To determine

To compute: Joint cost allocation as per NRV method.

Answer 12

2.

To determine

To prepare: Analysis of further process of decorative pieces or sell as it is.

Answer 13

2.

To determine

To prepare: Analysis of further process of decorative pieces or sell as it is.

Answer 14

3.

To determine

To identify: Behavior demonstrated by the skilled labor due to announcement and actions taken to improve the behavior.

Answer 15

3.

To determine

To identify: Behavior demonstrated by the skilled labor due to announcement and actions taken to improve the behavior.

Answer 16

Expert Solution & Answer

Answer 17

Expert Solution & Answer

Answer 18

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Answer 19

Ch. 16 - Give two examples of industries in which joint...Ch. 16 - What is a joint cost? What is a separable cost?Ch. 16 - Distinguish between a joint product and a...Ch. 16 - Why might the number of products in a joint-cost...Ch. 16 - Provide three reasons for allocating joint costs...Ch. 16 - Why does the sales value at splitoff method use...Ch. 16 - Prob. 16.7Q Ch. 16 - Distinguish between the sales value at splitoff...Ch. 16 - Give two limitations of the physical-measure...Ch. 16 - How might a company simplify its use of the NRV...

Joint cost allocation as per sales value at split off method.

To compute: Joint cost allocation as per sales value at split off method.

To compute: Joint cost allocation as per physical measure method.

To compute: Joint cost allocation as per NRV method.

To prepare: Analysis of further process of decorative pieces or sell as it is.

To identify: Behavior demonstrated by the skilled labor due to announcement and actions taken to improve the behavior.

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Chapter 16 Solutions