West Coast Designs produces three products: super, deluxe, and generic. Super and deluxe are its main products; generic is a by-product of super. Information on the past month’s production processes follows. In Department A, 231,000 units of the raw material X-1 are processed at a total cost of $387,898. After processing in Department A, 50 percent of the units are transferred to Department B, and 50 percent of the units (now unprocessed deluxe) are transferred to Department C. In Department B, the materials received from Department A are processed at an additional cost of $248,000. Seventy percent of the units become super and are transferred to Department D. The remaining 30 percent emerge as generic and are sold at $6.20 per unit. The additional processing costs to make generic salable are $58,600. In Department C, deluxe is processed at an additional cost of $890,000. A normal loss of 5 percent of the units of good output of deluxe occurs in this department. The remaining good output is then sold for $34 per unit. In Department D, super is processed at an additional cost of $92,000. After this processing, super can be sold for $15 per unit. Required: Prepare a schedule showing the allocation of the $387,898 joint cost to super and deluxe using the estimated net realizable value approach. Revenue from the sale of by-products should be credited to the manufacturing costs of the related main product.
Answers: 2
Business, 22.06.2019 06:10, jakeyywashere
Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) wacc %
Answers: 2
Business, 22.06.2019 11:50, adrianmelchor146
The following are the current month's balances for abc financial services, inc. before preparing the trial balance. accounts payable $ 10,000 revenue 6,000 cash 3,000 expenses 17,500 furniture 10,000 accounts receivable 14,000 common stock ? notes payable 6,500 what amount should be shown for common stock on the trial balance? a. $48.000b. $12.500c. $27.000d. $28.000
Answers: 3
West Coast Designs produces three products: super, deluxe, and generic. Super and deluxe are its mai...
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