ACC-650 Module 7 Cost Allocation - Problem 8-21 and Exercises 17-20 to 17-22
ACC-650 Module 7 Cost Allocation
Managerial Accounting – Product Costing Systems and Cost Allocation
Grand Canyon University
Text book: Managerial Accounting: Creating Value in a Dynamic Business Environment (9th Edition)
Complete problem 8-21 (parts 1-4 only) and exercises 17-20 to 17-22 in the textbook.
Prepare your responses in Excel with each problem on a separate tab.
Problem 8-21 part 4 – Reconciliation of Income using short cut method
Problem 17-20 – Allocation of Joint Production Costs based on Physical Units
Problem 17-21 – Allocation of Joint Production Costs based on Relative Sales value Method
Problem 17-22 part 1 - Should management decide to process Crummies into Mulch
Problem 17-22 part 2 - Allocation of Joint Production Costs based on Net Realizable Value Method