LM Enterprises produces two products in a common production process, each of which is processed further after the split-off point. Joint costs incurred for the current month are $36,000. The following information for the current month was also gathered: Product Units Produced Units Sold Separable Costs Selling Price per Unit L 10,000 9,500 $20,000 $ 8 M 5,000 4,000 $40,000 20 What amount would be the joint cost allocated to product M, assuming that LM Enterprises uses the estimated net realizable value method to allocate costs

Answer:

$18,000

Explanation:

The computation is shown below

As we know that

Net realizable value = eventual sales price -  separable costs.

For Product L, the net realizable value is

= (10,000 units  ×$8) - $20,000

= $80,000 - $20,000

= $60,000

For Product M, the net realizable value is

= (5,000 units ×$20) - $40,000

= $100,000 - $40,000

= $60,000

Now Net realizable value of the two products is

= $60,000 + $60,000

= $120,000

Product M is allocated 60 ÷ 120 or 50% of joint costs.

So,

= 50% of $36,000

= $18,000

A marketing plan

describes the economic structure of a specific country
focuses on customers' needs and target market
identifies the methods a company will use to produce goods
provides an analysis of a business's strengths and weaknesses

A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $2,400 and is paid at the beginning of the first year. Seventy percent of the premium applies to manufacturing operations and thirty percent applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first year of coverage?

Uri would like to change the font color in a group of cells. In which part of the Excel window should he look for font color
controls?
the Quick Access toolbar
the ribbon
the worksheet
the formula bar

Suppose the corporate tax rate is 30%. Consider a firm that earns $3,500 in earnings before interest and taxes each year with no risk. The firm's capital expenditures equal its depreciation expenses each year, and it will have no changes to its net working capital. The risk-free interest rate is 5%. a) Suppose the firm has no debt and pays out its net income as a dividend each year. What is the value of the firm's equity

How can you establish rapport during your first meeting with guest ?

Match each Zara System feature with a Toyota Production System feature. Each option (A through E) should be used exactly once, i.e., you should find a one-to-one match. - Less than 2 weeks from drawing board to store - All storefronts are designed centrally - Direct shipments from factory to store - Small collections to minimize markdowns - New designs based on sales patterns - Zara regulars look for black plastic hangars A. Pull system B. Standardized work C. Visual Management D. Inventory > need is waste E. Pathway Rule F. Just-In-Time

Sean just graduated from college and is now in the market for a new car. He has saved up to $4,000 for a down payment. He's deciding between a Super and a Duper. The Super is priced at $23,599 and the Duper is priced at $18,999. After agonizing over the decision, he decides to buy the Duper. He writes a dealership check for $4,000 and takes out a loan for the remainder of the purchase price.
Identify what role money plays in each of the following parts of the story. (Medium of exchange, unit of account, or store of value)
A. Sean writes a check for $4,000.
B. Sean can easily determine that the price of the Super is more than the price of the Duper.
C. Sean has saved $4,000 in his checking account.

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At the end of the current year (before adjusting entries), Autumn Corporation had a balance of $76,000 in Accounts Receivable and a credit balance of $11,000 in Allowance for Uncollectible Accounts. Service revenue (all on credit) for the year totaled $490,000.
Requirement 1:
Using the percent-of-sales method, calculate the amount of Uncollectible-Account Expense if Vacay Corporation estimates its uncollectible-account expense using a rate of 5% of credit sales.
What is the ending balance of the Allowance for Uncollectible Accounts under this scenario?
Requirement 2:
Now assume that Vacay Corporation uses the aging-of-receivables method. Vacay Corporation estimates that its Allowance for Uncollectible Accounts should have a credit balance of $27,000.
Calculate the amount of its Uncollectible-Account Expense.
What is the ending balance of the Allowance for Uncollectible Accounts under this scenario?

Jack and Jill have gone out for cycling and they have come to a place where the road is obstructed by a fallen tree. They can move the tree if both of them try. If none of them​ tries, they have to turn back and reach home very late.​ However, if one of them tries while the other does not​ help, the one who tries will have a muscle sprain and will not be able to move the tree. The matrix below shows the utility each of them derives in each situation. The first number listed in each cell is the payoff to the row player and the second number listed is the payoff to the column player.
Jill
Tries Does not try
Jill Tries 5 5
5 2
Does not try -2 -2
-5 -2
1. Refer to the scenario above. Jack will derive​ ________ units of utility if both of them try to move the tree.
A. 5
B. −5
C. −2
D. 10
2. Refer to the scenario above. Jack will derive​ ________ units of utility if Jill tries to move the tree while he does not try at all.
A. 5
B. −5
C. −2
D. 10
3. Refer to the scenario above. Jack and Jill will derive maximum utility​ if:
A. Neither of them tries to move the tree.
B. Jack tries to move the​ tree, while Jill does not.
C. Jill tries to move the​ tree, while Jack does not.
D. Both of them try to move the tree.
4. Refer to the scenario above. Which of the following is true in this​ case?
A. Jill is better off by not trying if Jack tries to move the tree.
B. Jack is better off by trying to move the tree if Jill does not try at all.
C. Jack is better off by trying to move the tree if Jill tries to move the tree.
D. Jill is better off by trying to move the tree if Jack does not try at all.
5. Refer to the scenario above. This game​ ________.
A. does not have a dominant strategy equilibrium
B. does not have a Nash equilibrium
C. has a unique Nash equilibrium
D. has a unique dominant strategy equilibrium

Unsecured personal loans are based on ________., a. property values, b. collateral, c. private lending, d. creditworthiness

The _____ is the person who provides support or obtains funding.


stakeholder
project manager
customer
sponsor

Assume Division A has provided the following information regarding the one product that it manufactures and sells on the outside market: Selling price per unit (on the outside market) $ 100 Variable cost per unit $ 65 Fixed costs per unit (based on capacity) $ 10 Capacity in units 30,000 Division A has been offered the opportunity to sell 5,000 units of its only product to another division within the same company. The other division can either agree to a transfer price with Division A or purchase a comparable product on the outside market for $100. If Division A is currently selling 28,000 units on the outside market, what is the range of acceptable transfer prices between the two divisions

Hartley​ Electronics, Inc., in​ Nashville, produces short runs of custom airwave scanners for the defense industry. You have been asked by the​ owner, Janet​ Hartley, to reduce inventory by introducing a kanban system. After several hours of​ analysis, you develop the following data for scanner connectors used in one work cell. How many kanbans do you need for this​ connector?
Daily demand 600 connectors
Lead time 2 days
Safety stock 50 days
Kanban size 500 connectors

Explain the effect on firms and labor market

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a. Debit - Loss on Disposal $32,000
b. Credit - Building $32,000
c. Debit - Repair Expense $130,000
d. Debit - Building $38,000

discuss the role of entrepreneurship in the south african economy ​

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In 2021, it was discovered that a company had debited expense for the full cost of an asset purchased on January 1, 2018. The cost was $42 million with no expected residual value. Its useful life was 7 years and straight-line depreciation is used by the company. The correcting entry assuming the error was discovered in 2021 before the adjusting and closing entries includes:

The following is a list of six control plans.

Control Plans
a. Review shipped not billed sales orders
b. Turnaround documents
c. Deposit slip file
d. Procedures for rejected inputs
e. Computer agreement of batch totals
f. Document design

These are followed by a list of five statements describing either the achievement of a control goal (i.e., a system success) or a system deficiency (i.e., a system failure).

Control Goals or System Deficiencies
1. The shipping clerk could not read the quantity picked that had been written on the picking ticket by the warehouse clerks.
2. In a periodic/batch environment, helps to ensure the information system control goal of input completeness of the shipping notices.
3. Helps to ensure that all shipments are billed in a timely manner.
4. Meets the operations system control goal of efficiency of resource use by reducing the number of data elements to be entered from source documents.
5. Provides an "audit trail" of deposits.


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The condensed product-line income statement for Rhinebeck Company for the month of October is as follows:
Rhinebeck Company
Product-Line Income Statement
For the Month Ended October 31
Hats Gloves Mufflers
Sales $71,000 $105,700 $45,000
Cost of goods sold (32,600) (42,300) (27,000)
Gross profit $38,400 $63,400 $18,000
Selling and administrative27400 (42,800) (25000)
expenses
Operating income (loss) $11,000 (20,600) $(7,000) Fixed costs are 20% of the cost of goods sold and 30% of the selling and administrative expenses. Rhinebeck Company assumes that fixed costs would not be materially affected if the Gloves line were discontinued.
Prepare a differential analysis dated October 31 to determine if Mufflers should be continued (Alternative 1) or discontinued (Alternative 2).

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Which of the following would NOT fall
under the work responsibilities of a
Civil Engineer?
A. Being up to date on the newest machinery.
B. Changing the landscape of a main city street.
C. Working in an office behind the scenes of a project.
D. Problem solving where a new road needs to be
placed.

On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $30,000. Residual value at the end of an estimated four-year service life is expected to be $2,000. The company expects the equipment to operate for 10,000 hours. The equipment operated for 2,200 and 3,000 hours in 2021 and 2022, respectively. Required: a. Calculate depreciation expense for 2021 and 2022 using straight-line method. b. Calculate depreciation expense for 2021 and 2022 using double-declining-balance method. c. Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated.

alser Corporation manufactures and sells a number of products, including a product called JYMP. Results for last year for the manufacture and sale of JYMPs are as follows: Sales $ 960,000 Less expenses: Variable production costs $ 464,000 Sales commissions 144,000 Salary of product manager 100,000 Fixed product advertising 160,000 Fixed manufacturing overhead 132,000 1,000,000 Net operating loss $ (40,000) Balser is trying to decide whether to discontinue the manufacture and sale of JYMPs. All expenses other than fixed manufacturing overhead are avoidable if the product is dropped. None of the fixed manufacturing overhead is avoidable. Assume that dropping Product JYMP will have no effect on other products. The annual financial advantage (disadvantage) for the company of eliminating this product should be: