Which of the following choices correctly denotes the data needed to allocate joint costs under the relative-sales-value method?   Sales Value of Product at Split-Off Separable Cost Sales Value of Product After Processing Beyond Split-Off A. Yes Yes No B. Yes Yes Yes C. Yes No No D. No Yes Yes E. No No Yes     Choice A     Choice D     Choice C     Choice B     Choice E

Q: variable

A: Performance evaluation based on income could be best achieved by using variable costing method in…

Q: “ Managers must decide whether a product should be sold at splitoff or processed furthur.The sales…

A: No, any method that is used to assign costs to individual products that is applied to the problem of…

Q: Under net realizable value method of apportioning joint costs to joint products, the selling &…

A: The question is multiple choice question and is related to Joint product in Process costing.…

Q: Briefly describe the treatment of Joint Costs when making a sell-or-process-further decision. What…

A: Joint costs are the costs which are incurred jointly in the production process for two or more…

Q: Which of the following is not an assumption underlying cost-volume-profit analysis? a. The sales mix…

A: Solution: Introduction: Cost Volume Profit (CVP) Analysis describes how changes in costs, expenses…

Q: The objective of management, under absorption costing, is that each product recovers its full cost…

A: Absorption costing is the method used by the managers to determine the cost connected with the…

Q: Describe a situation in which the sales value at splitoff method cannot be used but the NRV method…

A: Relative Sales Value at Split off Method: Relative sales value at split off method allocates joint…

Q: Business Unit A, the supplying business unit, is selling to an outside market. It has excess…

A: Transfer Pricing Transfer pricing is important in the inter transfer for product transferred from…

Q: ?Which one of the following is not considered an assumption of cost-volume-profit analysis Costs can…

A: The question is multiple choice question. The question is related to Marginal Costing and is of cost…

Q: When performing sales mix analysis, which one of the following is true: O a. The sales mix is…

A: The sales mix is a formula that specifies how much of each product a company sells in relation to…

Q: Consider the following statements about absorption costing and variable costing: Variable costing…

A: Absorption costing and variable costing are managerial accounting and financial reporting cost…

Q: Required: Compute and allocate the total joint cost to three products using: a) Physical unit…

A: Joint cost is that cost which is incurred commonly by the Business Entity, to produce 2 or more…

Q: statement below. The point where total sales revenue equals total cost Drag answer here Fixed…

A: The contribution margin is computed as excess of sales revenue over variable expenses. The break…

Q: The following are approaches in allocating joint costs incurred up to split off point, except:   a.…

A: Solution: The following are approaches in allocating joint costs incurred up to split off point,…

Q: Which one of the following is not considered an assumption of cost-volume-profit analysis? a. Costs…

A: Cost volume profit analysis is also known as CVP analysis. It shows how profits of the organisation…

Q: Managers must decide whether a product should be sold at splitoff or processed further. The sales…

A: Joint cost is the cost of assembling, that is incurred by an organization on a joint creation…

Q: Which of the following is a true statement? O The mark-up is designed to cover all non-product…

A: Answer: only a and c above The markup method is commonly used in pricing restaurant food menus and…

Q: Special order, opportunity cost. In order to determine whether a special order should be accepted at…

A: Opprtunity cost should be consider while accepting special order. As order is received at full…

Q: Which of the following methods allocates joint costs based on the potential market value at the…

A: Joint cost represents the cost incurred by the business in a joint process. In such process, single…

Q: Products G and H are joint products developed from the same process with each being processed…

A: Gross margin is calculated  as follows  = (sales - cost of goods sold)/sales

Q: Using a physical measurement method, what amount of joint processing cost is allocated to Product B?…

A: Using a physical measurement method, joint cost is allocated on the basis units ( in this case…

Q: All other things being equal, a company that sells multiple products should attempt to structure its…

A: we know that,  sales - variable cost = contribution

Q: Relevant of differential cost analysis takes all variable and fixed costs into account to analyze…

A: Differential cost analysis is the difference in cost for every alternative which helps in making the…

Q: When deciding whether to sell as is or process a product further, managers should ignore which of…

A:

Q: In a product mix decision, which is the most important factor to consider in order to try to…

A: Product mix decision includes the decision related to the adding or eliminating of the product…

Q: Outputs with a negative sales value are: Select one: a. added to joint production costs and…

A: A joint production process' outputs can be divided into two categories such as those with a positive…

Q: A mixed cost contains: a variable element and a fixed element. both selling and administrative…

A: Mixed costs are that cost which contain a portion of both fixed and variable costs. Common examples…

Q: For each of the following items, identify which of the managementaccounting guidelines applies:…

A: Planning and Control Decision: Planning decisions involves selecting organization goals, estimating…

Q: elevant for decision making purposes. Explain ii. Why opportunity cost is measured and relate with…

A: SOLUTION-1 DIFFERENTIAL COSTS OR RELEVANT COST -THEY ARE THE COST THAT IS AFFECTED BY THE DECISION…

Q: When performing sales mix analysis, which one of the :following is true .a .The sales mix is usually…

A: Break even point = Fixed costs / Weighted average contribution margin

Q: For joint cost allocation: only the net realizable method can be used to allocate joint costs to…

A: Joint Cost Allocation This is generally manufacturing cost which is in joint production process and…

Q: Briefly describe the treatment of Joint Costs when making a sell-or-process-further decision.

A: Dear student, as per Bartleby answering guidelines we can not answer more than one question if…

Q: Which of the following is not a feature of full cost plus sales pricing related to a range of a…

A: Following is the answer to the given question

Q: What is the estimated selling price of a product less any costs necessary to further process the…

A: Solution: Net realization value = estimated selling price of a product - costs necessary to further…

Q: a) Briefly describe the treatment of Joint Costs when making a sell-or-process-further decision.

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Allocating costs for joint products can be done by: a. Sales Value Approach O b. Contribution Margin…

A: Joint Products:- Joint products are defined as the products that are produced in a single production…

Q: T, F. In a make or buy short-run decision situation, the critical element to consider is whether the…

A: Variable cost is that cost that varies with the number of units produced. It means that increase in…

Q: Which of the followings is not correct about cost-based pricing? Select one: a. Total fixed costs…

A: Cost based pricing is the method to set selling price based on the cost. To get selling price,…

Q: When performing sales mix analysis, which one of the following is false: O a. Normally the…

A: Cost-Volume-Profit (CVP) Analysis: It is a method followed to analyze the relationship between the…

Q: Which of the following is not an assumption underlying cost-volume-profit analysis?

A: Cost Volume Profit analysis- This analysis helps in understanding the cost and profit based on the…

Q: When the selling division in an Internal transfer can sell every product eat Its market price, then…

A: Given the selling division can already sell all the units outside at the market price. So…

Q: Which is the best description of a dual transfer price?   A)  The receiving division is charged…

A: Transfer price refer to the price at which the good are transferred within different units under the…

Q: Using a physical measurement method, what amount of joint processing cost is allocated to product B?…

A: Cost accounting is one of the branches of accounting. Under this branch, all types of costs incurred…

Q: a. What amount of joint product cost would be allocate to each product? b. What is financial…

A: Lets understand the basics. For allocating joint process cost, there are various methods are…

Q: same industry for same product b.the same firm for same product c.the several firm for same…

A: b. Multiple costing is a technique of using two or more costing methods for ascertainment of cost by…