Square Pipe with O/S Wall Measurements of 12

question 8

Short Answer

Square pipe with O/S wall measurements of 12.225" is made from 1/5" plate steel. Calculate, in inches, the length of plate needed to manufacture the pipe, assuming space remains for full-penetration corner weld. Three outside bends are used.

Calculate the financial advantage or disadvantage of further processing intermediate products into end products.

Apply the concept of joint processing costs and allocate them to joint products.

Understand the absorption costing approach to cost-plus pricing.

Calculate the required markup on absorption cost to achieve a desired rate of return on investment (ROI).

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Definitions:

Uncollectible Accounts

Accounts receivable that a business has been unable to collect and deems as unlikely to be paid.

Aging of Receivables Method

An accounting technique used to estimate the amount of receivables that may not be collectible, based on the length of time they have been outstanding.

Percent of Sales Method

A financial forecasting model that estimates certain balance sheet and income statement accounts as a percentage of projected sales.

Bad Debt Expense

The amount of receivables that a company estimates it will not collect.