How does the physical-measure method allocate joint costs? A. allocates joint costs to joint products on the basis of relative NRV B. allocates joint costs to joint products in a way that each product has an identical gross-margin percentage C. allocates joint costs to joint products on the basis of a comparable physical measure at the split-off point D. allocates joint costs to joint products on the basis of the relative sales value at the split-off point

Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash

Which feature is a characteristic of a corporation?

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)