Financial Accounting (11th Edition)
11th Edition
ISBN: 9780134127620
Author: Walter T. Harrison Jr., Charles T. Horngren, C. William Thomas, Wendy M. Tietz
Publisher: PEARSON
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Question
Chapter 8, Problem 2DC
To determine
To analyze: The investments of Company B, and suggest the ways to maximize net income
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The Marshall Company has a joint production process that produces two joint products and a by-product. The joint products are Ying
and Yang, and the by-product is Bit. Marshall accounts for the costs of its products using the net realizable value method. The two joint
products are processed beyond the split-off point, incurring separable processing costs. There is a $1,300 disposal cost for the by-
product. A summary of a recent month's activity at Marshall is shown below:
Units sold
Units produced
Separable processing costs-variable
Separable processing costs-fixed
Sales price
Ying
65,000
65,000
$ 182,000
Yang
52,000
52,000
Bit
13,000
13,000
$ 55,000
$
$ 13,000
$ 6.00
$ 10,000
$ -
$ 12.50
$ 1.50
Total joint costs for Marshall in the recent month are $188,200, of which $80,926 is a variable cost.
Required:
1. Calculate the manufacturing cost per unit for each of the three products.
Note: Round manufacturing cost per unit answers to 2 decimal places.
2. Calculate the total gross margin…
Please provide answer this general accounting question
What is the expected dividend next year on these financial accounting question?
Chapter 8 Solutions
Financial Accounting (11th Edition)
Ch. 8 - Prob. 1QCCh. 8 - Prob. 2QCCh. 8 - Prob. 3QCCh. 8 - Prob. 4QCCh. 8 - Prob. 5QCCh. 8 - Prob. 6QCCh. 8 - Prob. 7QCCh. 8 - Prob. 8QCCh. 8 - Prob. 9QCCh. 8 - Prob. 10QC
Ch. 8 - Prob. 8.1ECCh. 8 - Prob. 8.1SCh. 8 - Prob. 8.2SCh. 8 - Prob. 8.3SCh. 8 - Prob. 8.4SCh. 8 - Prob. 8.5SCh. 8 - Prob. 8.6SCh. 8 - Prob. 8.7SCh. 8 - Prob. 8.8SCh. 8 - Prob. 8.9SCh. 8 - Prob. 8.10SCh. 8 - Prob. 8.11SCh. 8 - Prob. 8.12SCh. 8 - Prob. 8.13SCh. 8 - Prob. 8.14SCh. 8 - Prob. 8.15SCh. 8 - Prob. 8.16SCh. 8 - Prob. 8.17SCh. 8 - Prob. 8.18SCh. 8 - Prob. 8.19SCh. 8 - Prob. 8.20SCh. 8 - Prob. 8.21SCh. 8 - Prob. 8.22AECh. 8 - Prob. 8.23AECh. 8 - Prob. 8.24AECh. 8 - Prob. 8.25AECh. 8 - Prob. 8.26AECh. 8 - Prob. 8.27AECh. 8 - Prob. 8.28AECh. 8 - Prob. 8.29AECh. 8 - Prob. 8.30AECh. 8 - Prob. 8.31AECh. 8 - Prob. 8.32AECh. 8 - Prob. 8.33BECh. 8 - Prob. 8.34BECh. 8 - Prob. 8.35BECh. 8 - Prob. 8.36BECh. 8 - Prob. 8.37BECh. 8 - Prob. 8.38BECh. 8 - Prob. 8.39BECh. 8 - Prob. 8.40BECh. 8 - Prob. 8.41BECh. 8 - Prob. 8.42BECh. 8 - Prob. 8.43BECh. 8 - Prob. 8.44QCh. 8 - Prob. 8.45QCh. 8 - Prob. 8.46QCh. 8 - Prob. 8.47QCh. 8 - Prob. 8.48QCh. 8 - Prob. 8.49QCh. 8 - Prob. 8.50QCh. 8 - Prob. 8.51QCh. 8 - Prob. 8.52QCh. 8 - Prob. 8.53QCh. 8 - Prob. 8.54QCh. 8 - Prob. 8.55QCh. 8 - Prob. 8.56APCh. 8 - Prob. 8.57APCh. 8 - Prob. 8.58APCh. 8 - Prob. 8.59APCh. 8 - Prob. 8.60APCh. 8 - Prob. 8.61APCh. 8 - Prob. 8.62APCh. 8 - Prob. 8.63BPCh. 8 - Prob. 8.64BPCh. 8 - Prob. 8.65BPCh. 8 - Prob. 8.66BPCh. 8 - Prob. 8.67BPCh. 8 - Prob. 8.68BPCh. 8 - Prob. 8.69BPCh. 8 - Prob. 8.70CEPCh. 8 - Prob. 8.71CEPCh. 8 - Prob. 8.72CEPCh. 8 - Prob. 1DCCh. 8 - Prob. 2DCCh. 8 - Prob. 1EICh. 8 - Prob. 1FFCh. 8 - Prob. 1FA
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- Please give me true answer this financial accounting questionarrow_forwardNeed help with this financial accounting questionarrow_forwardFor the purposes of the 20x0 annual financial statements, how would the additional shares of Series A preferred stock issued from Company Y to Company Y's original investor on November 1 20X0 affect the measurment of the company Y's series A preferred stock purchased on may 1, 20x0?arrow_forward
- Suppose you take out a five-year car loan for $14000, paying an annual interest rate of 4%. You make monthly payments of $258 for this loan. Complete the table below as you pay off the loan. Months Amount still owed 4% Interest on amount still owed (Remember to divide by 12 for monthly interest) Amount of monthly payment that goes toward paying off the loan (after paying interest) 0 14000 1 2 3 + LO 5 6 7 8 9 10 10 11 12 What is the total amount paid in interest over this first year of the loan?arrow_forwardSuppose you take out a five-year car loan for $12000, paying an annual interest rate of 3%. You make monthly payments of $216 for this loan. mocars Getting started (month 0): Here is how the process works. When you buy the car, right at month 0, you owe the full $12000. Applying the 3% interest to this (3% is "3 per $100" or "0.03 per $1"), you would owe 0.03*$12000 = $360 for the year. Since this is a monthly loan, we divide this by 12 to find the interest payment of $30 for the month. You pay $216 for the month, so $30 of your payment goes toward interest (and is never seen again...), and (216-30) = $186 pays down your loan. (Month 1): You just paid down $186 off your loan, so you now owe $11814 for the car. Using a similar process, you would owe 0.03* $11814 = $354.42 for the year, so (dividing by 12), you owe $29.54 in interest for the month. This means that of your $216 monthly payment, $29.54 goes toward interest and $186.46 pays down your loan. The values from above are included…arrow_forwardSuppose you have an investment account that earns an annual 9% interest rate, compounded monthly. It took $500 to open the account, so your opening balance is $500. You choose to make fixed monthly payments of $230 to the account each month. Complete the table below to track your savings growth. Months Amount in account (Principal) 9% Interest gained (Remember to divide by 12 for monthly interest) Monthly Payment 1 2 3 $500 $230 $230 $230 $230 + $230 $230 10 6 $230 $230 8 9 $230 $230 10 $230 11 $230 12 What is the total amount gained in interest over this first year of this investment plan?arrow_forward
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