ACT 570 Accounting Allocating Joint Costs Data Sheet
Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
ACT 570 Accounting Allocating Joint Costs Data Sheet
OPTION #1: ALLOCATING JOINT COSTS
Forastero Farms is a leading producer of cocoa beans in South America. It produces two main products from the cocoa bean: sunscreen (from cocoa butter) and hot cocoa mix (from cocoa powder).
As the cost accounting supervisor, you are tasked with allocating the joint costs of production to both products.
Required information:
Calculate product costs using the net realizable value method (NRV).
Using the cost allocations from requirement 1, create a product-specific income statement.
Follow the instructions you see on the Data tab of the worksheet. Show all calculations within the cells of the Excel spreadsheet (found in Module 3 or by clicking “Next” at the bottom of this page). This means that you must use formulas and links so that your thought process can be examined. Ensure you include a detailed explanation of each journal entry that you make or do not make on each date to convey your thought process as well. There should be no hard coding of solutions.
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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ACT 570 Accounting Allocating Joint Costs Data Sheet