zitterkoph
21.04.2020 •
Business
Data pertaining to a company's joint production for the current period follows: L M Quantities produced 200 lbs. 150 lbs. Market value at split-off point $ 8 /lb. $ 16 /lb. Compute the cost to be allocated to Product M for this period's $660 of joint costs if the value basis is used. Multiple Choice $264. $396. $330. $1,364. $796.
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Ответ:
Joint cost value based = $396
Explanation:
Given:
Company L M
Quantities produced 200 lbs 150 lbs
Market value $8/lb $16/lb
Total joint cost = $660
Computation:
Market value of L = 200 lbs × $8/lbs
Market value of L = $1,600
Market value of M = 150 lbs × $16/lbs
Market value of M = $2,400
Total market value = Market value of L + Market value of M
Total market value = $1,600 + $2,400
Total market value = $4,000
Joint cost value based = $660 × ($2,400 / $4,000)
Joint cost value based = $396
Ответ:
Common stock is stock issued by a company that is owned by common shareholders. Those shares also entitle the owner to dividends.