2joint cost allocation steps
[DOC File]CHAPTER 15
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Alternative methods of joint-cost allocation, product-mix decisions. A diagram of the situation is in Solution Exhibit 16-27. 1. Computation of joint-cost allocation proportions: a. Sales Value of Total Production Allocation of $96,000. at Splitoff Weighting Joint Costs. $240,000 1.00 $96,000. b. Physical Measure Allocation of $96,000
[DOC File]Chapter 13: Strategic Cost Management
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1. Ordering cost allocation for each customer category: Bid price: 2. Order cost allocation for each customer category: *Rounded to the nearest dollar. Bid price for each customer type: *Rounded to the nearest cent. Deeds could easily have won the bid for the 100 units, as the price is more than $4 lower than the original bid price. 3.
[DOC File]CHAPTER 9
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+++Joint cost allocation equals total joint costs times percent NRV (e.g., for product X, $33,760=42.20%x$80,000) Thus, the costs to produce product Y total $41,888 (= $27,888 in joint costs allocated + $14,000 in further processing costs) 9.36 (30 min) Relative Sales Value at Split-Off and Constant Gross Margin Percentage Methods
[DOCX File]Army Funds Management Data Reference Guide
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Cost Management – includes full costing, and payroll and travel interfaces. Financials – includes United States Standard General Ledger accounting (USSGL), workflow journal voucher approval process, financial statements, and month end and year-end closing processes. Also includes sub-processes of reimbursable management and accounting.
[DOC File]Solutions for Homework ** Accounting 311 Cost ** Winter 2009
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If they used the incremental cost-allocation method, Wright, Inc. and Brown, Inc. would probably have disputes over who is the primary party because the primary party gets allocated all of the primary party’s costs. CHAPTER 16. 16-16 (20-30 min.) Joint-cost allocation, insurance settlement. 1. (a) Sales value at splitoff method: Pounds. of
[DOC File]Student lecture notes - Savvas
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Joint cost allocation and profit calculation £ £ Sales of perfume oil base, per batch 2,000 Joint costs 900 Less sales proceeds of waste oil . by-product (50) Net cost per batch 850 Profit per batch 150 Relevance of allocating joint costs. Definition
[DOC File]COST SHEET - FORMAT
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Feb 02, 2008 · JOINT PRODUCT AND BY PRODUCT COSTING. Methods of apportioning joint cost over joint products : 1) Physical unit method = Physical base to measure (i.e.) output quantity is used to. separate joint cost. Joint cost can be separated on the basis of ratio of output . quantity. While doing this wastage is also to be added back to find total quantity.
CMA2 - Supplementary Notes: Cost Allocation: Joint ...
CMA2 - Supplementary Notes: Cost Allocation: Joint Products and By Products. Definitions. Joint Cost: the cost of a single process that yield multiple products simultaneously. Includes DM, DL, and mfg. Ohd up to the split-off point. Split-off Point: the point in the process at which the products become separately identifiable. Separable Costs
[DOC File]Chapter 7--Joint Product and By-Product Costing
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9. a Joint cost allocation ratios are computed using the physical units method, and joint cost allocation is performed as follows: 10. c Joint cost allocation ratio is computed using the constant gross margin percentage method as follows: Estimated gross margin = $175,000 – $75,000 – $25,000 = $75,000
[DOCX File]Hahu Zone | Restart your education
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If the physical-measure method of joint cost allocation is used and the selling price per gallon of liquid skim falls below $4.00 per gallon, the liquid-skim product line will show a loss (from Exhibit 8 – 4, revenues will be less than $120,000, but cost of goods sold will be unchanged at $120,000).
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