Business, 23.04.2020 22:34 qudoniselmore0
Brant Corporation manufactures two products out of joint process: Scout an Andro. The joint costs incurred are $400,000 for a standard production run that generates 70,000 pounds of Scout and 30,000 pounds of Andro. Scout sells for $9.00 per pound and Andros sells for $7.00 per pound.
1. If there are no additional processing costs incurred after the splitoff point, the amount of joint cost of each production run allocated to Scout on a physical quantity basis is:
2. If there are no additional processing costs incurred after the splitoff point, the amount of joint cost of each production run allocated to Andro on a sales value at splitoff basis is:
3. If additional processing costs beyond the splitoff point are $1.00 per pound for Scout and $2.3333 per pound for Andro, the amount of joint cost of each production run allocated to Andro on a physical quantity basis is:
4. If additional processing costs beyond the splitoff points are $1.00 per pound for Scout and $2.3333 per poudn for Andro, the amount of joint cost of each production run allocated to Andro on an estimated net-realizable value basis is:
5. Assume the same cost information for the Brant Corporation is in question 4, with the exception that the total joint cost for a standard production run that generates 70,000 pounds of Scout and 30,000 pounds of Andro is $448,000. Using the constant gross margin NRV method, the amount of joint cost allocated to Scout is:
Answers: 3
Business, 22.06.2019 03:30, 3steves
Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.
Answers: 1
Business, 22.06.2019 13:40, dathanboyd
Jacob is a member of wcc (an llc taxed as a partnership). jacob was allocated $155,000 of business income from wcc for the year. jacob’s marginal income tax rate is 37 percent. the business allocation is subject to 2.9 percent of self-employment tax and 0.9 percent additional medicare tax. (round your intermediate calculations to the nearest whole dollar a) what is the amount of tax jacob will owe on the income allocation if the income is not qualified business income? b) what is the amount of tax jacob will owe on the income allocation if the income is qualified business income (qbi) and jacob qualifies for the full qbi duduction?
Answers: 2
Brant Corporation manufactures two products out of joint process: Scout an Andro. The joint costs in...
Mathematics, 24.10.2019 23:43
Physics, 24.10.2019 23:43
English, 24.10.2019 23:43
History, 24.10.2019 23:43