A company produces three products, X, Y, and Z, from a singl…

A company produces three products, X, Y, and Z, from a single raw material input. Product X can be sold at the split-off point for $40,000, or it can be processed further at a total cost of $15,000 and then sold for $58,000. Joint costs total $60,000 annually. Product X should be:

A company uses a job-order costing system with a single plan…

A company uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours. The company has provided the following data concerning Job Q251 which was recently completed: Number of units in the job 40 Total direct labor-hours 80 Direct materials $ 950 Direct labor cost $ 2,720 The total job cost for Job Q251 is closest to:

A company has provided the following financial data from its…

A company has provided the following financial data from its balance sheet and income statement:   Year 2 Year 1 Total assets $ 1,489,000   $ 1,440,000   Stockholders’ equity:             Common stock, $4 par value $ 360,000   $ 360,000   Additional paid-in capital $ 70,000   $ 70,000   Retained earnings $ 570,000   $ 550,000   Total stockholders’ equity $ 1,000,000   $ 980,000   Interest expense $ 15,000         Income taxes (35%) $ 14,162         Net income $ 26,300         The market price of common stock at the end of Year 2 was $4.79 per share.The company’s earnings per share for Year 2 is closest to: