The Marketplace Corporation Produces Two Consumer Products and a By-Product

question 72

Essay

The Marketplace Corporation produces two consumer products and a by-product. Zylon is ready for sale after split-off, while Qytol must be further processed. The by-product is a heavy residue in the bottom of the vat. The net realizable value of the by-product is credited against the $565,000 joint cost of the Heating Department. Volume and cost data for February is as follows:
$$\begin{array} { l r r r } & \text { Gallons } & \text { Selling } & \text { Additional } \\& \text { Produced } & { \text { Price } } & \text { Processing } \\\text { Zylon } & 200,000 & \$ 2.00 & 0 \\\text { Qytol } & 400,000 & 1.10 & \$ 40,000 \\\text { By-Product } & 5,000 & 0.50 & 0\end{array}$$
Required:
a. Allocate the Heating Department cost to the products using the physical quantities method.
b. Allocate the Heating Department cost to the products using the estimated net realizable value (workback) method.

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Explore the role of societal norms and values, such as hegemonic values and the chivalry hypothesis, in the treatment and perception of crime and deviance.

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Definitions:

Common Stock

Represents the shares of a company that are owned by its shareholders, which entitle them to vote at shareholder meetings and to receive dividends.

Dividends

Payments made by a corporation to its shareholder members, distributing profits.

Treasury Stock

Shares that were once part of the outstanding shares and have been bought back by the company, reducing the amount of outstanding stock on the open market.

Paid-In Capital

Funds raised by a company through the issuance of common or preferred stock, representing the capital contributed by shareholders in exchange for shares.