Allocate the joint costs using the relative sales values, Finance Basics

+44 141 628 6080
[email protected]

Allocate the joint costs using the relative sales values

Brick Co. operates a mine. During July, the company obtained 500 tons of ore, which yielded 250 pounds of gold and 63,100 pounds of copper. The joint cost related to the operation was $500,000. Gold sells for $325 per ounce and copper sells for $0.85 per pound. Allocate the joint costs using the relative sales values. With these costs, what is the profit or loss associated with Brick?

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Allocate the joint costs using the relative sales values

Reference No:- TGS0601605

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : What is the incremental cost of going outside versus

What is the incremental cost of going outside versus conducting the survey as in the past?

Q : In a mass spectrometer a singly charged ion having a

In a mass spectrometer, a singly charged ion having a particular velocity is selected by using a magnetic field of 0.10 T , What is the mass of the ion

Q : However the space occupied by the production of the valve

However, the space occupied by the production of the valve can be used by another production group that is currently leasing space for $55,000 per year.

Q : Gold sells for 325 per ounce and copper sells for 089 per

Gold sells for $325 per ounce and copper sells for $0.89 per pound. Allocate the joint costs using relative weight. With these costs, what is the profit or loss associated with Kenneth Co.?

Q : Allocate the joint costs using the relative sales values

Allocate the joint costs using the relative sales values. With these costs, what is the profit or loss associated with Brick?

Q : Determine the market potential for a product that has 50

Determine the market potential for a product that has 50 million prospective buyers who purchase an average of 3 per year and price averages $25. How many units must a company sell if it desires a 10 percent share of this market?

Q : On a warm summer day in athens the temperature is 33c dry

On a warm summer day in Athens, the temperature is 33C (dry bulb temperature) and the relative humidity is 60%. What is the absolute humidity (kg/kg Dry air)

Q : Develop the profit-and-lost statement if net sales were 20

Develop the profit-and-lost statement if net sales were $20 million last year.

Q : A photon is emitted when a hydrogen atom undergoes a

A photon is emitted when a hydrogen atom undergoes a transitionfrom the n = 5 state to the n = 3 state. Calculate the energy (in electron volts) of the emitted photon

1924626

Questions
Asked

3,689

Active Tutors

1424894

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Allocate the joint costs using the relative sales values

Reference No:- TGS0601605

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : What is the incremental cost of going outside versus

Q : In a mass spectrometer a singly charged ion having a

Q : However the space occupied by the production of the valve

Q : Gold sells for 325 per ounce and copper sells for 089 per

Q : Allocate the joint costs using the relative sales values

Q : Determine the market potential for a product that has 50

Q : On a warm summer day in athens the temperature is 33c dry

Q : Develop the profit-and-lost statement if net sales were 20

Q : A photon is emitted when a hydrogen atom undergoes a

How company has adopted a new accounting method

What did the bipartisan campaign reform act

Problem on business practices and consumer protection act

Vendors statement of adjustments as debits

Statements about asking questions during a meeting

What is allied industries receivable collection period

What is their qbi deduction for the year

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Allocate the joint costs using the relative sales values

Reference No:- TGS0601605

Recent Questions Asked Finance Basics

Q : What is the incremental cost of going outside versus

Q : In a mass spectrometer a singly charged ion having a

Q : However the space occupied by the production of the valve

Q : Gold sells for 325 per ounce and copper sells for 089 per

Q : Allocate the joint costs using the relative sales values

Q : Determine the market potential for a product that has 50

Q : On a warm summer day in athens the temperature is 33c dry

Q : Develop the profit-and-lost statement if net sales were 20

Q : A photon is emitted when a hydrogen atom undergoes a

Asked Questions