Entries by Munene david

The Canning Company processes A, B, and C. During the summer of 2011, the joint costs of processing were $900,000.

February 15, 2020 in /by

The Canning Company processes A, B, and C. During the summer of 2011, the joint costs of processing were $900,000. There was no beginning or ending inventories for the summer. Production and sales value information for the summer is as follows: Product Cases Sales Value at Splitoff Point Separable Costs Selling Price A 200,000 $6 […]

 

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Chemical, Inc. produces three products: D, E, and F. During October, the joint costs of processing were $300,000.

February 15, 2020 in /by

Chemical, Inc. produces three products: D, E, and F. During October, the joint costs of processing were $300,000. Production and sales value information for the month is as follows: Product Units Produced Sales Value at Splitoff Point D 8,000 liters $50,000 E 8,000 liters 60,000 F 4,000 liters 25,000 Determine the amount of joint cost […]

 

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Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes.

February 15, 2020 in /by

Problem 1 – Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 20X2, the joint costs of processing the tomatoes were $420,000. There was no beginning or ending inventories for the summer. Production and sales value information for the summer is as follows: Product Cases Sales Value at Splitoff Point Separable […]

 

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This week, we’re reviewing some of the most common federal income tax deductions for individuals.

February 15, 2020 in /by

1. This week, we’re reviewing some of the most common federal income tax deductions for individuals. Many of them could perhaps be classified as family-based deductions, or enacted deductions that target those who might have children or other types of family obligations to fulfill. Is there an underlying theme or purpose to most of these deductions? […]

 

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