'Joint cost' presentation slideshows

Decision Making: Relevant Costs and Benefits

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Chapter 12

Chapter 12. Cost Allocation. Cost Allocation. Costs are linked with cost objectives by selecting appropriate cost drivers. A cost driver is often called a cost-allocation base. A cost pool is a grouping of individual cost items that are allocated to cost objectives.

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Chapter 6

Chapter 6. Decision Making in the Short Term. Features of Short-term Decisions. Not possible to change capacity levels in the short term Capacity cost is committed (i.e., fixed) and not controllable over this horizon In long-term, we pick capacity level based on pattern of expected demand

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Cost Allocation: Joint Products and By-products

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Price, Cost and Subsidy in US Higher Education

Price, Cost and Subsidy in US Higher Education. Craig W. Bowen, Ph.D., M.B.A. Postsecondary Institutional Studies Program National Center for Education Statistics 1990 K Street, NW Room 8134 Washington, DC 20006 Craig.Bowen@ed.gov .

550 views • 37 slides

Cost Allocation: Joint Products and By-products

Cost Allocation: Joint Products and By-products. ACCT7320 Dr. Bailey Tuesday, September 29, 2009. Nature of Cost Allocations. Pervasive in accounting Across time (depreciation) Between departments (e.g., service depts ) To products, customers, branch offices, etc. Often arbitrary

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Cost Allocation: Joint Products and Byproducts

Cost Allocation: Joint Products and Byproducts. Horngren, Foster & Datar Modified by Charles Bailey. Learning Objective 1. Identify the splitoff point(s) in a joint-cost situation. Joint-Cost Basics. Joint costs. Joint products. Byproduct. Splitoff point. Separable costs.

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Chapter 7 The Use of Cost Information in Management Decision Making

Chapter 7 The Use of Cost Information in Management Decision Making. Presentation Outline. Incremental Analysis Three Decision Managers Frequently Face Decisions Involving Joint Costs Qualitative Considerations in Management Decisions The Theory of Constraints (TOC). I. Incremental Analysis.

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CHAPTER 16

CHAPTER 16. Cost Allocation: Joint Products and Byproducts. Chapter 16 learning objectives. Identify the split-off point in a joint-cost situation and distinguish joint products from byproducts Explain why joint costs are allocated to individual products

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CHAPTER 16

CHAPTER 16. Cost Allocation: Joint Products and Byproducts. Chapter 16 learning objectives. Identify the split-off point in a joint-cost situation and distinguish joint products from byproducts Explain why joint costs are allocated to individual products

417 views • 32 slides

CHAPTER 16

CHAPTER 16. Cost Allocation: Joint Products and Byproducts. Chapter 16 learning objectives. Identify the split-off point in a joint-cost situation and distinguish joint products from byproducts Explain why joint costs are allocated to individual products

324 views • 32 slides

Chapter 11: Allocation of Joint Costs and Accounting for By-Product/Scrap

Chapter 11: Allocation of Joint Costs and Accounting for By-Product/Scrap. Learning Objectives. How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products?

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Constant Gross-Margin Percentage NRV Method

Constant Gross-Margin Percentage NRV Method. Step 2: Deduct the gross margin. Sales Gross Cost of Value Margin Goods sold Product A1: $120,000 $ 63,559 $ 56,441 Product B1: 346,500 183,527 162,973 Product C1: 241,500 127,913 113,587

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Chapter 11 Allocation of Joint Costs and Accounting for By-Products

Cost Accounting Foundations and Evolutions Kinney, Prather, Raiborn. Chapter 11 Allocation of Joint Costs and Accounting for By-Products. Learning Objectives (1of 1). Classify joint process outputs Identify when output becomes a joint product Allocate joint costs to products

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Chapter 16 Joint Cost s

Chapter 16 Joint Cost s. Joint Products. Joint Costs. Final Sale. Separate Processing. Oil. Common Production Process. Joint Input. Final Sale. Gasoline. Separate Processing. Final Sale. Chemicals. Separable Product Costs. Split-Off Point.

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CHAPTER 08

CHAPTER 08. Joint Products and Byproducts. Joint Products. Joint products are two or more products separated in the course of processing, each having sufficiently high saleable value. For example: Products from oil refining process petrol and deisel.

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Allocating Costs of Support Departments and Joint Products

Allocating Costs of Support Departments and Joint Products. 7. CHAPTER. An Overview of Cost Allocation. OBJECTIVE. 1. Allocation A means of dividing a pool of costs and assigning those costs to various subunits Total cost is neither reduced or increased by allocation

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Joint-Process Costing

Joint-Process Costing. Chapter 9. Joint processes. Process that converts a single input into multiple outputs. Joint processes. Split-off point Input splits into two or more products Intermediate product Product that requires more processing before it can be sold Final product

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Professional Fundraisers and Joint Cost Allocations: Form 990 versus Survey Data Mark Hager Center on Nonprofits and Ph

Professional Fundraisers and Joint Cost Allocations: Form 990 versus Survey Data Mark Hager Center on Nonprofits and Philanthropy The Urban Institute. The Issue. Financial expenditure reporting focuses on three functional categories: programs, fundraising, and administration.

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Dept. One Process Cost = $120,000 on 110,000 lbs.

Stage 1: Forward Path #1 Draw chart, Identify the total process, label the traceable costs, and determine the NRV by product. Dept. Four Process Cost = $23,660 for 46,200lbs. NRV = $231,000 At market P = $5.00 Q = 46,200. 70%. a. SG&A = $8,100 for 19,800 lbs.

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