methods required to allocate joint costs1
Methods Required To Allocate Joint Costs
1) Physical/Unit Measure
2) Constant gross margin rate
3) Net realizable value.
Expected delivery within 24 Hours
process lossesmost manufacturing processes result in several portion of the raw materials utilized not being transformed into a reliable half
accounting treatment of spoilage costs1 normal spoilage costs these costs are assigned to the good output utilizing two approaches asi omission
shrinkage - production processthis refers to a disappearance or loss of material inputs utilized throughout the production process it happens mainly
allocation of joint costswhereas two or more products of relatively high value emerge simultaneously from a single process they are named as joint
methods required to allocate joint costs1 physicalunit measure2 constant gross margin rate3 net realizable
physical measure and net realizable valuephysical measureunitjoint costs are assigned to the joint products according to the ratio of physical
constant gross margin ratethis method assumes that every product contributes an equal percentage of gross profit for every shilling of sales it works
uniform costingit is a general system utilizing agreed concepts standard and principles accounting practices adopted via different entities in the
requirements of uniform costing1 uniform costing systems must process the given features as2 cost reports and statements should be organized and laid
1938065
Questions Asked
3,689
Active Tutors
1424399
Questions Answered
Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!
Which typically considered abnormal assessment findings are actually normal findings during the third trimester of pregancny?
Question: Which of the following is a filler drug that is used to plump the skin and minimize wrinkles ________?
A 67-year-old man is diagnosed with alcohol use disorder. Past medical history includes hypertension, seasonal allergies, and end stage renal disease.
Assignment task: Extreme Claim: Marijuana should not be legalized for medical purposes.
Why might it be more difficult for younger widows to adjust to a spouse's loss? Why might it be more difficult for older widows to make the adjustment?
Which federal act mandates that healthcare facilities provide written information to patients about their rights to make medical decisions
List five of the Coagulation Regulatory Proteins that either help to keep clotting from getting out of hand, or keep fibrinolysis from getting out of control