7 - 7 Courtney Company manufactures products A and B from a...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
7. Courtney Company manufactures products A and B from a joint process. Sales value at split-off was $700,000 for 10,000 units of A, and $300,000 for 15,000 units of B. Using the sales value at split-off approach, joint costs properly allocated to A were $140,000. Total joint costs were $ 98,000 $200,000 $233,333 $350,000 10. Atkins Corporation consumes 1,200,000 gallons of Material Y per year. Its order quantity is 30,000 gallons. It maintains a safety stock of 10,000 gallons and its annual carrying costs are $0.25 per gallon per year. If the ordering cost is $20 per order, what are the total annual ordering costs? $600 $800 $8,300 $1,200 12. A long-term plan that fulfills the goals and objectives of an organization is known as a(n) management style strategy mission statement operational mission 13. The value chain reflects the production of goods within an organizational context is concerned with upstream suppliers, but not downstream customers results when all non-value-added activities are eliminated from a production process is the foundation of strategic resource management 14. A managerial accountant who communicates information objectively is exercising which of the following standards? objectivity
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

7 - 7 Courtney Company manufactures products A and B from a...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online