Illinois soy products (upper isp) buys soybeans and processes them into other soy products. each ton of soybeans that upper isp purchases for $ 300 can be converted for an additional $ 220 into 575 lbs of soy meal and 100 gallons of soy oil. a pound of soy meal can be sold at splitoff for $ 1.28 and soy oil can be sold in bulk for $ 4 per gallon. upper isp can process the 575 pounds of soy meal into 725 pounds of soy cookies at an additional cost of $ 320. each pound of soy cookies can be sold for $ 2.28 per pound. the 100 gallons of soy oil can be packaged at a cost of $ 200 and made into 400 quarts of soyola. each quart of soyola can be sold for $ 1.55. allocate the joint cost to the cookies and the soyola using the following : a) sales value at splitoff method b) nrv method sould isp have processed each of the products further? what effect does the allocation method have on this decision?
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 04:00, brucewayne8499
Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.
Answers: 2
Business, 22.06.2019 14:30, lilquanreem8051
Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?
Answers: 3
Business, 22.06.2019 17:30, gghkooo1987
An essential element of being receptive to messages is to have an open mind true or false
Answers: 2
Business, 22.06.2019 19:30, kylierice1
Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e. g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)
Answers: 2
Do you know the correct answer?
Illinois soy products (upper isp) buys soybeans and processes them into other soy products. each ton...
Questions in other subjects:
Mathematics, 17.12.2020 19:00
Mathematics, 17.12.2020 19:00
Social Studies, 17.12.2020 19:00
