subject
Business, 19.10.2021 09:50 rafiamajd4537

nc. is a producer of potato chips. A single production process at , Inc., yields potato chips as the main product, as well as a byproduct that can be sold as a snack. Both products are fully processed by the splitoff point, and there are no separable costs. For September , the cost of operations is . Production and sales data are as follows: LOADING...(Click the icon to view the production and sales data.) . . . . . There were no beginning inventories on September 1, . Read the requirementsLOADING Requirement 1. What is the gross margin for , Inc., under the production method and the sales method of byproduct accounting? (Enter a "0" for any cells with a zero balance. For the main product inventory: Calculate the proportion of inventory first, then complete your calculation.) Production method Revenues Main product (potato chips) 786,240 Byproduct (snack) 32,500 Total revenues 818,740 Cost of goods sold Total manufacturing costs 515,000 Deduct value of byproduct production Net manufacturing costs Deduct main product inventory Cost of goods sold Gross margin

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 20:50, aberiele1998
You are bearish on telecom and decide to sell short 100 shares at the current market price of $50 per share. a. how much in cash or securities must you put into your brokerage account if the broker’s initial margin requirement is 50% of the value of the short position? b. how high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position? (input the amount as a positive value. round your answer to 2 decimal places.)
Answers: 3
image
Business, 22.06.2019 22:30, mayalp
Selected information about income statement accounts for the reed company is presented below (the company's fiscal year ends on december 31): 2018 2017sales $ 4,400,000 $ 3,500,000cost of goods sold 2,860,000 2,000,000administrative expenses 800,000 675,000selling expenses 360,000 312,000interest revenue 150,000 140,000interest expense 200,000 200,000loss on sale of assets of discontinued component 50,000 —on july 1, 2018, the company adopted a plan to discontinue a division that qualifies as a component of an entity as defined by gaap. the assets of the component were sold on september 30, 2018, for $50,000 less than their book value. results of operations for the component (included in the above account balances) were as follows: 1/1/18-9/30/18 2017 sales $ 400,000 $ 500,000 cost of goods sold (290,000 ) (320,000 )administrative expenses (50,000 ) (40,000 )selling expenses (20,000 ) (30,000 )operating income before taxes $ 40,000 $ 110,000 in addition to the account balances above, several events occurred during 2018 that have not yet been reflected in the above accounts: a fire caused $50,000 in uninsured damages to the main office building. the fire was considered to be an infrequent but not unusual event. inventory that had cost $40,000 had become obsolete because a competitor introduced a better product. the inventory was sold as scrap for $5,000.income taxes have not yet been recorded. required: prepare a multiple-step income statement for the reed company for 2018, showing 2017 information in comparative format, including income taxes computed at 40% and eps disclosures assuming 300,000 shares of common stock. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)
Answers: 3
image
Business, 23.06.2019 04:40, screamqueen
Which qualifications have an importance level higher than 60 for a career as a customer service representative? select all that apply operation monitoring mathematics service orientation reading comprehension persuasion learning strategies speaking
Answers: 1
image
Business, 23.06.2019 11:30, monica1217
Alia valbuena earns 68,400 per year as an automotive engineet what is her weekly and monthly salary ?
Answers: 1
You know the right answer?
nc. is a producer of potato chips. A single production process at , Inc., yields potato chips as the...

Questions in other subjects:

Konu
History, 13.10.2019 23:50