1. three joint products are manufactured in a common process, which consists of two consecutive
stages. output from process 1 is transferred to process 2, and output from process 2 consists of the
three joint products, x, y and z. all joint products are sold as soon as they are produced.
data for period 2 of 2016 are as follows.
process 1
process 2
opening and closing inventory
none
none
direct material (30,000 units at $2 per unit) $60,000
conversion costs
$76,500
$226,200
normal loss
10% of input
10% of input
scrap value of normal loss
$0.50 per unit $2 per unit
output
26,000 units
10,000 units of x
7,000 units of y
6,000 units of z
selling prices are $18 per unit of x, $20 per unit of y and $30 per unit of z.
a. prepare the process 1 account.
b. prepare the process 2 account using the sales value method of apportionment.
c. prepare the process 2 account using the units basis of apportionment.

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is

crow design, inc. is a web site design and consulting firm. the firm uses a job order costing system in which each client is a different job. crow design assigns direct labor, licensing costs, and travel costs directly to each job. it allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. direct labor hours (professional) 6,250 hours direct labor costs ($1,800,000 support staff salaries ,000 computer ,000 office ,000 office ,000 in november 2012, crow design served several clients. records for two clients appear here: delicious treats mesilla chocolates direct labor 700 hours 100 hours software licensing $ 4,000 $400 travel costs 8,000 1. compute crow design’s direct labor rate and its predetermined indirect cost allocation rate for 2012. 2. compute the total cost of each job. 3. if simone wants to earn profits equal to 50% of service revenue, how much (what fee) should she charge each of these two clients? 4. why does crow design assign costs to jobs?

In which of the following games is it clearly the case that the cooperative outcome of the game is good for the two players and bad for society? a. two oil companies own adjacent oil fields over a common pool of oil, and each company decides whether to drill one well or two wells. b. two airlines dominate air travel between city a and city b, and each airline decides whether to charge a "high" airfare or a "low" airfare on flights between those two cities. c. two superpowers decide whether to build new weapons or to disarm. d. in all of the above cases, the cooperative outcome of the game is good for the two players and bad for society