Allocating joint costs using the net realizable value method a company manufactures three products, l-ten, triol, and pioze, from a joint process. each production run costs $12,900. none of the products can be sold at split-off, but must be processed further. information on one batch of the three products is as follows: product gallons further processing cost per gallon eventual market price per gallon l-ten 3,500 $0.50 $ 2.00 triol 4,000 1.00 5.00 pioze 2,500 1.50 6.00 required: 1. allocate the joint cost to l-ten, triol, and pioze using the net realizable value method. round your allocation percentages to four decimal places and round the allocated costs to the nearest dollar. joint cost grades allocation l-ten $ triol pioze total $ 2. what if it cost $2 to process each gallon of triol beyond the split-off point

During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million

Labor unions have used which of the following to win passage of favorable laws such as shorter work weeks and the minimum wage? a. strikes b. collective bargaining c. lobbying d. lockouts

The monthly demand equation for an electric utility company is estimated to be p equals 60 minus left parenthesis 10 superscript negative 5 baseline right parenthesis x, where p is measured in dollars and x is measured in thousands of killowatt-hours. the utility has fixed costs of $3 comma 000 comma 000 per month and variable costs of $32 per 1000 kilowatt-hours of electricity generated, so the cost function is upper c left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 32 x. (a) find the value of x and the corresponding price for 1000 kilowatt-hours that maximize the utility's profit. (b) suppose that the rising fuel costs increase the utility's variable costs from $32 to $38, so its new cost function is upper c 1 left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 38 x. should the utility pass all this increase of $6 per thousand kilowatt-hours on to the consumers?