Question
Alvarez Company makes three joint products, products A, B, and C. For each batch, the materials...
Alvarez Company makes three joint products, products A, B, and C. For each batch, the materials cost is $16,000, direct labor cost is $4,000, and manufacturing overhead is $10,000. From each batch, the company makes 2,000 pounds of A, 1,200 pounds of B, and 800 pounds of C.
1) What are the total joint costs for each batch of the products?
2) Allocate the joint costs to each of the three products.
3) Determine the cost per pound for product A.
Answers
Alvarez Company a) Step 1 Calculate total joint costs for each batch of the products Materials Direct labor Mfg. overhead Total Joint 16000 4000 10000 30000 b) Step 2 Allocate the joint costs to each of the three products Product A Product B Product C Ratio of physical count 20 12 8 Joint Cost 15000 9000 6000 Calculations: 30000 x 20 / 40 = 15000; 30000 x 12/40 = 9000 30000 x 8/40 = 6000 c) Step 3 Determine the cost per pound for product A Joint Cost # of units (pounds) Cost per pound Product A 15000 2000 7.5
Similar Solved Questions
1 answers
Documents References Mailings Review View Aa A E Eva ÎL r ADACI As Styles Styles Pane...
Documents References Mailings Review View Aa A E Eva ÎL r ADACI As Styles Styles Pane Match the definitions with the most appropriate term from the list provided. Terms may be used once, more than once, or not at all. Description Terms Buffer zone that identifies how much sales can drop before...
1 answers
What is the product of each reaction? Br. Br н OH, HSO, (cat.) но н CHNH,...
What is the product of each reaction? Br. Br н OH, HSO, (cat.) но н CHNH, cat HA (1) HCN (2) LIAIH (3) H,0 н Bаза BrсH-CH-CH-CH-Oн HBr -15 °С Cl2 МеОн HBr (еxces) HCl Нзс-i...
1 answers
Could you do both questions? Thank you in advance! 2. For the reaction below: a. Predict...
Could you do both questions? Thank you in advance! 2. For the reaction below: a. Predict the most stable product(s) and draw the mechanism OK + E b. Redraw the product(s) below and label all the non-equivalent carbons. How many signals would you expect to see in the 13C NMR of the product? Predict t...
1 answers
Question 25 (a-f) Chapter 8, lecture 11 For the following questions, use this hypothetical scenario: is...
question 25 (a-f) Chapter 8, lecture 11 For the following questions, use this hypothetical scenario: is hypothetical scenario: 991, S . 3. M53 A biologist wants to estimate the number of white rhinos still alive in the wild. The natural habitat of the white rhino is too large to survey, so he divid...
1 answers
On January 1, 2018, the general ledger of a company includes the following account balances: Credit...
On January 1, 2018, the general ledger of a company includes the following account balances: Credit Debit $ 78,000 48,000 $ 5,000 38,000 78,000 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Building Accumulated Depreciation Land Accounts Payable Notes Payable (8%, ...
1 answers
Supreme Videos, Inc., produces short musical videos for sale to retail outlets. The company's balance sheet...
Supreme Videos, Inc., produces short musical videos for sale to retail outlets. The company's balance sheet accounts as of January 1, are given below Supreme Videos, Inc. Balance Sheet January 1 Assets Current assets: Cash S 63,000 Accounts receivable 102,000 Inventories: Raw materials (film, co...
1 answers
Previous Next 1 point Calculate the magnitude of the resultant of the vectors shown below? 1...
Previous Next 1 point Calculate the magnitude of the resultant of the vectors shown below? 1 attachment 47 N 2 N 8 N Type your response here......
1 answers
Which isomer of #C_5H_12# will give ONE chloroalkane upon treatment with one equiv chlorine gas?
Which isomer of #C_5H_12# will give ONE chloroalkane upon treatment with one equiv chlorine gas?...
1 answers
14U. Let ABCD be a parallelogram. (a) Prove that ABCD is cyclic if and only if...
14U. Let ABCD be a parallelogram. (a) Prove that ABCD is cyclic if and only if it is a rectangle, in which case its cir- cumcenter is the point where its diagonals intersect. (b) Prove that ABCD is tangential if and only if it is a rhombus, in which case its incenter is the point where its diagonals...
1 answers
You have just purchased a share of stock for $20.29. The company is expected to pay...
You have just purchased a share of stock for $20.29. The company is expected to pay a dividend of $0.61 per share in exactly one year. If you want to earn a 9.7% return on your investment, what price do you need if you expect to sell the share immediately after it pays the dividend? Th...
1 answers
How do you solve the equation #2cos^2theta-3costheta+1=0# for #0<=theta<2pi#?
How do you solve the equation #2cos^2theta-3costheta+1=0# for #0<=theta<2pi#?...
1 answers
(a) What is the resistance of a 225 V AC short circuit that generates a peak...
(a) What is the resistance of a 225 V AC short circuit that generates a peak power of 97.4 kW? How is peak power related to average power? Ω (b) What would the average power be if the voltage was 120 V AC? How is average power related to the voltage? kW...
1 answers
The current in the RL circuit shown below reaches three-fifths its maximum value in 3.75 ms...
The current in the RL circuit shown below reaches three-fifths its maximum value in 3.75 ms after the switch S, is thrown. 0000 (a) Determine the time constant of the circuit (in ms). 7.34 x ms (b) Determine the resistance of the circuit (in ) if L = 150 mH....
1 answers
In National Labor Relations Board v. Kentucky River Community Care, Inc., the lower court’s judgment was:?...
In National Labor Relations Board v. Kentucky River Community Care, Inc., the lower court’s judgment was:? ?remanded. dismissed.? reversed.? ?upheld. The purpose and effect of the Taft-Hartley Act were to balance the rights and duties of:? ?different unions coming ...
1 answers
<Chapter 06 Item 11 Constants A couple of astronauts agree to rendezvous in space after hours....
<Chapter 06 Item 11 Constants A couple of astronauts agree to rendezvous in space after hours. Their plan is to let gravity bring them together. She has a mass of 66.0 kg and he a mass of 72.0 kg, and they start from rest 19.0 m apart. O Type here to search Part A Find his initial acceleration. m...
1 answers
Please qiven a legible solution, will upvote! By de finition, the nth fibonacci number is de fi...
Please qiven a legible solution, will upvote! By de finition, the nth fibonacci number is de fined by E,-E,- + E,-2 with F-1 and F, = 1. n-2 Given this, prove the following fibonacci identity for all We were unable to transcribe this imageF2 - F-F 1)n+1 TL Please qiven a legible solu...
1 answers
Lychee Limited (‘Lychee’) was established in January 2010 in Hong Kong. The main business of Lych...
Lychee Limited (‘Lychee’) was established in January 2010 in Hong Kong. The main business of Lychee is the export of canned lychee to overseas customers. Lychee has its financial year end at 31 December. In order to expand its overseas business to Mainland China, Lychee plans to build up...