XYZ Company processes unprocessed goat milk up to the split-off point where two products, condensed goat milk and skim goat milk result. The following information was collected for the month of October: Direct Materials processed: 84,000 gallons (after shrinkage)
Production: Condensed goat milk 36,500 gallons
Skim goat milk 46,500 gallons
Sales: Condensed goat milk $6.00 per gallon
Skim goat milk $5.00 per gallon
The costs of processing unprocessed goat milk to the split-off point to yield a total of 83,000 gallons of saleable products was $150,000. There were no inventory balances of either product.
Condensed goat milk may be processed further to yield 36,000 gallons of a medicinal milk product, Xyla, for an additional processing cost of $3 per usable gallon. Xyla can be sold for $15 per gallon. Skim goat milk can be processed further to yield 45,000 gallons of skim goat ice cream, for an additional processing cost per usable gallon of $3. The product can be sold for $7 per gallon. There are no beginning and ending inventory balances.
How much of the $72240 joint cost are allocated to the condensed goat milk using the net realizable values?

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)

Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%

Rediger inc., a manufacturing corporation, has provided the following data for the month of june. the balance in the work in process inventory account was $28,000 at the beginning of the month and $20,000 at the end of the month. during the month, the corporation incurred direct materials cost of $56,200 and direct labor cost of $29,800. the actual manufacturing overhead cost incurred was $53,600. the manufacturing overhead cost applied to work in process was $52,200. the cost of goods manufactured for june was: