P8-2 Excel setup

P8-2 Excel setup - Total Revenue Allocated joint cost...

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a. Grade I Grade II Grade III Total Number of stones per batch Percent of stones Allocated cost to each grade Allocated joint cost per stone b. Grade I Grade II Grade III Total Selling price per stone Additional cost to package and sell each stone Net realizable value per stone X Number of stones per batch Net realizable value per batch Percent of net realizable value per batch Allocated cost to each grade Allocated joint cost per stone c. Income taxes based on number of stones: Grade I Grade II Grade III
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Unformatted text preview: Total Revenue Allocated joint cost (based on number of stones) Additional packaging and selling cost Net income before taxes Income Taxes Income taxes based on NRV: Grade I Grade II Grade III Total Revenue Allocated joint cost (based on NRV) Additional packaging and selling cost Net income before taxes Income Taxes Allocated joint cost per stone using the number of stones: Allocated joint cost per stone (before taxes) using net realizable value:...
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This note was uploaded on 11/08/2010 for the course MBA ACC 510 taught by Professor Knutsen during the Spring '10 term at RMU.

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