CHAPTER 16 COST ALLOCATION: JOINT PRODUCTS AND BYPRODUCTS 16-1 Exhibit 16-1 presents many examples of joint products from four different general industries. These include: Industry Separable Products at the Splitoff Point Food Processing: • Lamb • Lamb cuts‚ tripe‚ hides‚ bones‚ fat • Turkey • Breasts‚ wings‚ thighs‚ poultry meal Extractive: • Petroleum • Crude oil‚ natural gas 16-2 A joint cost is a cost of a production process that yields multiple products simultaneously. A separable
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single fracturing takes 1-8 million gallons of water to complete each fracturing job. The water brought to the ejecting site in is mixed with Approximately 40‚000 gallons and up to 600 different toxic chemicals including known carcinogens‚ volatile organic compounds (VOCs)‚ hydrochloric acid‚ carbon sulfide‚ petroleum distillates‚ mercury‚ and other toxic metals‚ are used within each fracking. This adds up to 72 trillion gallons of water and 360 billion gallons of chemicals. There have been over 1
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The Effects of Oil Prices on Our Nation’s Economy Introduction As one may have noticed in the past few years the price of oil has risen drastically. Either at the gas pump or at home in the winter with the heating bill the price of oil effects everyone. The beginning of this paper discusses what OPEC is‚ what it does‚ and why it is good or bad. Also it will begin to discuss the price of oil in the global oil market but mostly in our nation’s economy: who‚ what‚ when‚ where‚ why‚ how.
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identified it a successful product (Kerin‚ 2007). Over the next 30 years‚ Hawaiian Punch was bought out by RJ Reynolds (RJR) Company‚ Del Monte‚ who expanded distribution channels and introduced new flavors‚ Proctor and Gamble‚ who established the gallon bottle as a leading juice drink package and distributed at supermarkets and retail outlets via its bottle network in the carbonated drink aisle and independent food broker and warehouse networks in the juice aisle‚ and lastly Cadbury Schweppes‚ PLC
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implementation rules on many on its provisions intended to improve corporate governance‚ financial reporting and audits functions. Additionally‚ SOX created the Public Accounting Oversight Board (PCAOB) to aid in the enforcement of their mandates (Coates‚ 2007) (read on our textbook) Question 3 :What is PCAOB ‚its role‚ and based upon your individual research‚ is it an effective oversight body? The PCAOB is the Public Company Accounting Oversight Board that was established by Congress under Title
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daily average of about 367.08 million gallons (8.74 million barrels). This was about 6% less than the record high of about 142.38 billion gallons (or 3.39 billion barrels) consumed in 2007‚according to the Department of Energy ("How much gasoline‚" 2012). Of that‚ almost half is used for motor gasoline. The remaining is used for distillate fuel oil‚ jet fuel‚ residual fuel and other oils. Each barrel of oil contains 42 gallons (159 L)‚ which yields 19 to 20 gallons (75 L) of gasoline. ("How much gasoline
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paint. You can decide on the color you want. If you know anything about layering paint‚ you may want an extra gallon of a different color to layer it. Or you may want to paint two different colors for different walls. It’s up to you and your imagination. The room is 20 feet by 25 feet. The ceiling is eight feet. The paint costs $13.98 per gallon and covers 400 square feet per gallon. A. What room are you decorating (bedroom‚ living room‚ etc.)? bedroom B. What color or colors are you using
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hydrocarbons of various molecular weights‚ and other organic compounds‚ that are found in geologic formations beneath the Earth’s surface (Wikipedia 2010). Why do we Need Oil? The United States uses about 700 million gallons of oil every day and the world uses nearly 3 billion gallons each day (Office of Response and Restoration‚ 2008). What do we use all of this oil for? Oil is used to make fuel for cars‚ trucks‚ and busses. It is also used to make diesel fuel‚ jet fuel‚ kerosene‚ and liquefied
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8 million gallons of water is used. About 40‚000 gallons of chemicals (per one fracturing job) are used and mixed with the water to create the "fracking fluid." What people do not know‚ is that up to 600 different chemicals are used in this "fracking fluid‚" including known toxins and carcinogens such as lead‚ mercury‚ uranium‚ ethylene glycol‚ radium‚ methanol‚ hydrachloric acid‚ and formaldehyde. These chemicals are known to cause cancer and other health problems. 72 trillion gallons of water and
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BRAINTEASERS AND GUESSTIMATES Vault Guide to Finance Interviews Brainteasers and Guesstimates Stress Tests Perhaps even more so than tough finance questions‚ brainteasers and guesstimates can unnerve the most icy-veined‚ well-prepared finance candidate. Even if you know the relationships between inflation‚ bond prices and interest rates like the back of a dollar bill‚ all your studying may not help you when your interviewer asks you how many ping pong balls fit in a 747. That is partly their
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