This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Chem Manufacturing Company processes direct materials up to the split-off point where two products ... (Read 312 times)

crazycityslicker

  • Hero Member
  • *****
  • Posts: 537
on: Mar 6, 2021
Chem Manufacturing Company processes direct materials up to the split-off point where two products (X and Y) are obtained and sold. The following information was collected for the month of November: 

Direct materials processed:10,200 gallons (10,200 gallons yield 9500 gallons of good product and 
700 gallons of shrinkage) 

Production:X5300 gallons
Y4200 gallons 
Sales:X5050 at $300 per gallon
Y3950 at $80 per gallon 

The cost of purchasing 10,200 gallons of direct materials and processing it up to the split-off point to yield a total of 9500 gallons of good products was $1,050,000. 

The beginning inventories totaled 35 gallons for X and 400 gallons for Y. Ending inventory amounts reflected 565 gallons of Product X and 1,515,000 gallons of Product Y. October costs per unit were the same as November. 

Using the physical-volume method, what is Product X's approximate gross-margin percentage? (Round all intermediary calculations two decimal places.)
◦ 63%
◦ 56%
◦ 171%
◦ 68%
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by crazycityslicker on Mar 6, 2021

fauacakatahaias

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 35% of students answer this correctly


郭gg

  • Newbie
  • *
  • Posts: 2
Reply #2 on: May 14, 2021
1111


« previous next »
 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Bacteria exchange DNA by several processes Bacteria exchange DNA by several processes
Summation of Heart Sounds, Wide Split of S1 Summation of Heart Sounds, Wide Split of S1
Direct Fist Percussion of Left Kidney Direct Fist Percussion of Left Kidney
Sarah Sze, Triple Point (Pendulum). Sarah Sze, Triple Point (Pendulum).
Dew-Point Thresholds Dew-Point Thresholds
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Video: Photosynthesis and Van Helmont Experiment

For a complete list of videos, visit our video library