Amount of gain or loss from futher processing, Accounting Basics

+44 141 628 6080
[email protected]

Amount of gain or loss from futher processing

A business produces Product A in batches of 5,000 gallons,which can be sold for $3 per gallon. The business has been offered $5 per finished gallon to process two batches of Product A futher into Product B. Product B will require additional processing costs of $7,800 per batch, and 10% of the gallons of Product A will evaporate during processing. What is the amount of gain or loss from futher processing of Product A?

A. $7,200 gain

B. $4,400 gain

C. $2,400 gain

D. $600 loss

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Amount of gain or loss from futher processing

Reference No:- TGS090393

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Loss and profit account and balance sheet

My notes then tell me Depreciation is provided for at plant/machinery 5% fixture/fittings 10% please could you tell me where it all fits in the loss and profit account and balance sheet.

Q : Problem related to accumulated depreciation

The Brock Company acquired new machinery with a price of $15,200 by trading in similar old machinery and paying $12,700. The old machinery orginally cost $9,000 and had accumulated depreciation of $5,000. In recording this transaction, Brock Compa

Q : Amount of rent expense incurred by harley

What should be the amount of rent expense incurred by Harley from this lease for the year ended December 31, 2008?

Q : What is the amount of gain-loss from acceptance of offer

A business received an offer from an exporter for 10,000 units of product at $18 per unit. The acceptance of the offer will not affect normal production or the domestic sales price. The following data are available: What is the amount of gain or l

Q : Amount of gain or loss from futher processing

Product B will require additional processing costs of $7,800 per batch, and 10% of the gallons of Product A will evaporate during processing. What is the amount of gain or loss from futher processing of Product A?

Q : Amounts should be considered a sunk cost

The cost of the new equipment would be $260,000. Which of these amounts should be considered a sunk cost in deciding whether to replace the old equipment?

Q : Differential income or loss from discontinuing small speaker

What is the differential income or loss from discontinuing the small speaker product line?

Q : Differintial income or loss from accepting the overseas bid

An additional 10% export fee on price would be assessed to the mobile phone company for overseas sales. What would be the differintial income or loss from accepting the overseas bid?

Q : Records to facilitate the preparation of fund financial

Assume that the City of Juneau maintains its books and records to facilitate the preparation of its fund financial statements.

1959487

Questions
Asked

3,689

Active Tutors

1437436

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!!

Accounting Basics: Amount of gain or loss from futher processing

Reference No:- TGS090393

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Loss and profit account and balance sheet

Q : Problem related to accumulated depreciation

Q : Amount of rent expense incurred by harley

Q : What is the amount of gain-loss from acceptance of offer

Q : Amount of gain or loss from futher processing

Q : Amounts should be considered a sunk cost

Q : Differential income or loss from discontinuing small speaker

Q : Differintial income or loss from accepting the overseas bid

Q : Records to facilitate the preparation of fund financial

Promoting a change in support of the palliative care

Develop a deeper understanding of the illness

What is the main theory or theoretical framework

Effectiveness of treatment of polycystic ovarian syndrome

Why nurse asks client adult children to step out of room

What if inspection reveals a bright reddened area

What if client has an antecubital iv line

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Amount of gain or loss from futher processing

Reference No:- TGS090393

Recent Questions Asked Accounting Basics

Q : Loss and profit account and balance sheet

Q : Problem related to accumulated depreciation

Q : Amount of rent expense incurred by harley

Q : What is the amount of gain-loss from acceptance of offer

Q : Amount of gain or loss from futher processing

Q : Amounts should be considered a sunk cost

Q : Differential income or loss from discontinuing small speaker

Q : Differintial income or loss from accepting the overseas bid

Q : Records to facilitate the preparation of fund financial

Asked Questions