Ascertain the unit cost and gross profit per unit if the joint costs are allocated on the basis of physical measure method.

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Answer 1

Question

Chapter 7, Problem 44P

1.

To determine

Ascertain the unit cost and gross profit per unit if the joint costs are allocated on the basis of physical measure method.

2.

To determine

Ascertain the unit cost and gross profit per unit if the joint costs are allocated on the basis of sales value at split-off method.

3.

To determine

Ascertain the product that must be further processed.

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A firm sells 3,800 units of an item each year. The carrying cost per unit is $3.56 and the fixed costs per order are $84. What is the economic order quantity? (Please round units to the nearest whole number)

Answer 2

Question

Chapter 7, Problem 44P

1.

To determine

Ascertain the unit cost and gross profit per unit if the joint costs are allocated on the basis of physical measure method.

2.

To determine

Ascertain the unit cost and gross profit per unit if the joint costs are allocated on the basis of sales value at split-off method.

3.

To determine

Ascertain the product that must be further processed.

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Answer 3

Question

Chapter 7, Problem 44P

1.

To determine

Ascertain the unit cost and gross profit per unit if the joint costs are allocated on the basis of physical measure method.

2.

To determine

Ascertain the unit cost and gross profit per unit if the joint costs are allocated on the basis of sales value at split-off method.

3.

To determine

Ascertain the product that must be further processed.

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Answer 4

Question

Chapter 7, Problem 44P

1.

To determine

Ascertain the unit cost and gross profit per unit if the joint costs are allocated on the basis of physical measure method.

2.

To determine

Ascertain the unit cost and gross profit per unit if the joint costs are allocated on the basis of sales value at split-off method.

3.

To determine

Ascertain the product that must be further processed.

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Answer 5

Chapter 7, Problem 44P

1.

To determine

Ascertain the unit cost and gross profit per unit if the joint costs are allocated on the basis of physical measure method.

2.

To determine

Ascertain the unit cost and gross profit per unit if the joint costs are allocated on the basis of sales value at split-off method.

3.

To determine

Ascertain the product that must be further processed.

Answer 6

Chapter 7, Problem 44P

1.

To determine

Ascertain the unit cost and gross profit per unit if the joint costs are allocated on the basis of physical measure method.

Answer 7

Chapter 7, Problem 44P

1.

To determine

Ascertain the unit cost and gross profit per unit if the joint costs are allocated on the basis of physical measure method.

Answer 8

2.

To determine

Ascertain the unit cost and gross profit per unit if the joint costs are allocated on the basis of sales value at split-off method.

Answer 9

2.

To determine

Ascertain the unit cost and gross profit per unit if the joint costs are allocated on the basis of sales value at split-off method.

Answer 10

3.

To determine

Ascertain the product that must be further processed.

Answer 11

3.

To determine

Ascertain the product that must be further processed.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 7 - Prob. 1Q Ch. 7 - Explain the difference between joint products and...Ch. 7 - Prob. 3Q Ch. 7 - What are the three methods of departmental cost...Ch. 7 - Prob. 5Q Ch. 7 - Prob. 6Q Ch. 7 - Prob. 7Q Ch. 7 - What are the limitations of joint product and...Ch. 7 - Prob. 9Q Ch. 7 - Prob. 10Q

Ascertain the unit cost and gross profit per unit if the joint costs are allocated on the basis of physical measure method.

Ascertain the unit cost and gross profit per unit if the joint costs are allocated on the basis of physical measure method.

Ascertain the unit cost and gross profit per unit if the joint costs are allocated on the basis of sales value at split-off method.

Ascertain the product that must be further processed.

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Chapter 7 Solutions