Questions from Cost Accounting

Q: Sanford Agricultural Chemicals (SAC) produces two main products, M

Sanford Agricultural Chemicals (SAC) produces two main products, M-4 and M-5, and one byproduct, BYP, from a single input, Gen-10. Products M-4 and M-5 can either be sold at split off or processed fur...

Q: Refer to the data in Exercise 11-39. Suppose that

Refer to the data in Exercise 11-39. Suppose that Sanford Agricultural Chemicals uses the physical quantities method to allocate joint costs and the revenues from by-products are credited to joint cos...

Q: Gunston Processing produces two products, ALT-1 and ALT-

Gunston Processing produces two products, ALT-1 and ALT-2, from a batch using a single raw material, ALT-0. Both products require further processing before they be can be sold. A batch of ALT-1 can be...

Q: Milo Manufacturing produces products Kappa and Lambda from a joint process.

Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are $150,000. The sales value at split-off was $162,000 for 1,200 units of Kappa and $63,000 for 1,800 uni...

Q: Denver Fabricators manufactures products DF1 and DF2 from a joint process,

Denver Fabricators manufactures products DF1 and DF2 from a joint process, which also yields a by-product, BP. The company accounts for the revenues from its by-product sales as other income. Addition...

Q: Refer to the facts in Exercises 11-47 and 11-

Refer to the facts in Exercises 11-47 and 11-48. Required Which, if any, of the four products would you recommend Barrett Chemicals sell at split-off (and not process further)? Explain. Does your answ...

Q: Refer to the facts in Exercise 11-50. The sale

Refer to the facts in Exercise 11-50. The sale of FP-40 has been banned by a recent law. If FP-40 is produced, disposal in an approved manner costs $120,000 for every 55,000 units produced. Required a...

Q: Elmira Tool and Die makes machine tools to order. The following

Elmira Tool and Die makes machine tools to order. The following transactions occurred in October: 1. Issued $2,800 of supplies from the materials inventory. 2. Purchased $42,000 of materials. 3. Issue...

Q: Lawn Products produces two products (X and Y) and a

Lawn Products produces two products (X and Y) and a by-product (Z) from a joint process using a raw material (Alpha). The company chooses to allocate the costs on the basis of the physical quantities...

Q: Radford Products adds materials at the beginning of the process in Department

Radford Products adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of January is available. Required a. Compute...