Lipton Liquids produces three products by a joint production process. Raw materials are put into production in Department 1, and at the end of processing in this department, three products appear. Alpha is sold at the split-off point with no further processing. Beta and Gamma require further processing before they are sold. Beta is processed in Department 2, and Gamma is processed in Department 3. Lipton Liquids uses the estimated net realizable value method of allocating joint production costs. No inventories were on hand at July 1, the beginning of the quarter. No raw material was on hand at September 30. All units on hand at September 30 were fully complete as to processing. Following is a summary of costs and other data for the period ended September 30: Products Units sold Units on hand at September 30 Sales revenues Departments Raw material cost. Direct labor cost Manufacturing overhead Required: Beta 96,760 Gamma 114,800 Alpha 32,800 82,000 0 65,600 $ 147,600 $ 870,840 $…

A researcher believes that the mean earnings of top-paid actors, thletes and musicians are the same. The earnings (in millions of dollars) for several randomly selected people from each category are shown in the table below. It has been confirmed that the population variance for each group is equal and that earnings follow a normal distribution for top-pain actors, athletes and musicians. Use a 1% significance to test the claim.   Actor Athlete Musician 34 46 31 29 58 38 20 45 43 29 35 43 29 37 36 27 34 59 27 45 44 28 45 57 37 28 40 26 41 44 37   49 35   35 25   42 38   40     59 Test statistic: If 7.0507 is wrong, what is the correct answer?P-value: If 0.0026 is wrong, what is the correct answer?

Financial accounting