Bright Red Cannery makes three products from a single joint process. For 2013, the cannery processed all
Question:
Analysis of 2013 market data reveals that candied apples, apple jelly, and apple jam could have been sold at split-off for $ 670,000, $ 730,000, and $ 260,000, respectively.
a. Based on hindsight, evaluate managements production decisions in 2013.
b. How much additional profit could the company have generated in 2013 if it had made optimal decisions atsplit-off?
Transcribed Image Text:
Joint Product Total Revenue Candied apples Apple jelly Apple jam Incremental Separate Cost 526,000 32,000 15,000 $690,000 775,000 271,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
a Final SplitOff Increm Increm Increm Product Revenues Sales Value Revenue Costs Profit Candied a...View the full answer
Answered By
Nicholas Maina
Throughout my tutoring journey, I've amassed a wealth of hands-on experience and honed a diverse set of skills that enable me to guide students towards mastering complex subjects. My proficiency as a tutor rests on several key pillars:
1. Subject Mastery:
With a comprehensive understanding of a wide range of subjects spanning mathematics, science, humanities, and more, I can adeptly explain intricate concepts and break them down into digestible chunks. My proficiency extends to offering real-world applications, ensuring students grasp the practical relevance of their studies.
2. Individualized Guidance:
Recognizing that every student learns differently, I tailor my approach to accommodate various learning styles and paces. Through personalized interactions, I identify a student's strengths and areas for improvement, allowing me to craft targeted lessons that foster a deeper understanding of the material.
3. Problem-Solving Facilitation:
I excel in guiding students through problem-solving processes and encouraging critical thinking and analytical skills. By walking learners through step-by-step solutions and addressing their questions in a coherent manner, I empower them to approach challenges with confidence.
4. Effective Communication:
My tutoring proficiency is founded on clear and concise communication. I have the ability to convey complex ideas in an accessible manner, fostering a strong student-tutor rapport that encourages open dialogue and fruitful discussions.
5. Adaptability and Patience:
Tutoring is a dynamic process, and I have cultivated adaptability and patience to cater to evolving learning needs. I remain patient through difficulties, adjusting my teaching methods as necessary to ensure that students overcome obstacles and achieve their goals.
6. Interactive Learning:
Interactive learning lies at the heart of my approach. By engaging students in discussions, brainstorming sessions, and interactive exercises, I foster a stimulating learning environment that encourages active participation and long-term retention.
7. Continuous Improvement:
My dedication to being an effective tutor is a journey of continuous improvement. I regularly seek feedback and stay updated on educational methodologies, integrating new insights to refine my tutoring techniques and provide an even more enriching learning experience.
In essence, my hands-on experience as a tutor equips me with the tools to facilitate comprehensive understanding, critical thinking, and academic success. I am committed to helping students realize their full potential and fostering a passion for lifelong learning.
4.90+
5+ Reviews
16+ Question Solved
Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111971724
9th edition
Authors: Michael R. Kinney, Cecily A. Raiborn
Question Posted:
Students also viewed these Cost Accounting questions
-
Washington Cannery makes three products from a single joint process. For 2010, the cannery processed all three products beyond split-off. The following data were generated for the year: Analysis of...
-
Gomez Industries produces three products from a single operation. Product A sells for $4 per unit, Product B for $6 per unit, and Product C for $10 per unit. When B is processed further, there are...
-
Becker Products Company produces three products from a joint source. A single raw material is introduced into Process I from which products A, B, and C emerge. Product A is considered to be a...
-
Can public works increase equilibrium wages?
-
If ([x +])2 = 25, what are the possible inputs for x?
-
1. Are there any disagreements between or among the resulting orderings? If so, why do you think that is the case? 2. What can be done to mitigate any observed disagreement between or among the...
-
Consider an economy as described at the beginning of Sect. 8.3, under the additional assumptions that \(a^{i}=a>0\) and \(\sigma_{\varepsilon^{i}}^{2}=1\), for all \(i=1, \ldots, I\). Assume...
-
In the chapter, we suggested that advanced information systems will automate some of the more routine purchasing activities. What are the implications for purchasing professionals? Is this a good...
-
In the process of saving some money for my kids college I plan to make six annual deposits of $4000 into a secret savings account that pays an interest of 4% compounded annually. Two years after...
-
OiiSands Petro Ltd reported its 2019 earnings on March 27,2020. Net income was a record $374 million, up from $191 million for the same quarter of the previous year. Return on equity was 25.7...
-
Storey Corp. manufactures three products in a joint process. Each of the products can be sold at split-off or may be processed further. Using the following per unit information, determine which of...
-
In a joint process, Wear Art produces precut fabrics for three products: dresses, jackets, and blouses. Joint cost is allocated on the basis of relative sales value at split-off. The company can...
-
Function: counter Parameter: An array of numbers. Returns: The numbers of negative elements, zeros, and values greater than zero in the given array. You must use a switch statement in the function....
-
Are both methods (i.e. NPV and IRR) good in these situations?What would you do if you were the one in Sinning?s position?According to your opinion, which project is better for thiscompany? Making the...
-
You have a spinner that as equal probabilities of landing on any number from 1 to 8, inclusive. Find the probability that the spinner will stop on an even number or a number greater than 5. (You do...
-
Your company implements Microsoft Sentinel. You plan to create query and then virtualize the collected data. Which keyword should you use in the query to visualize the data?
-
Determine the number of each coin type present. Use variable names nDimes , nNickels , nQuarters , and nFiftyCents . Calculate the total $ value of coins present. Use variable name USD . The coins...
-
You are developing a mobile application. As it is a proof of concept, you want to deliver the project as soon as possible and you prefer using a serverless pattern. The whole application contains the...
-
Dry ice is frozen carbon dioxide. If you have 1.0 kg of dry ice, what volume will it occupy if you heat it enough to turn it into a gas at a temperature of 20C?
-
A copper rod of length L =18.0 in is to be twisted by torques T (see figure) until the angle of rotation between the ends of the rod is 3.08. (a) If the allowable shear strain in the copper is 0.0006...
-
In terms of leadership strategy and communication styles, compare and contrast the communication and behavior styles of Jeff Bezos and Elon Musk. Identify the similarities and the differences in...
-
Butler Inc. has projected Cost of Goods Sold (CGS) for June 2011 of $1,500,000. Of this amount, $80,000 represents fixed overhead costs. Total variable costs for the company each month average 70...
-
Cute and Cuddly Inc. sells teddy bears in walk-by kiosks in shopping malls. The companys balance sheet on March 31, 2010, showed the following balances related to Accounts Receivable and inventories:...
-
Stabler Co.s projected March 31, 2011, balance sheet follows. Additional information about the company is as follows: ¢ Expected sales for April and May are $240,000 and $260,000, respectively....
-
You are a manager of a firm like J.P. Licks, a monopolistically competitive ice cream store in Boston. You are determining the price and quantity of your Cookies 'n' Cream Pie. Economists you have...
-
what types of incentives could a financial institution offer to the unbanked population?
-
Debt contracts represent fixed claims against the firm, while an equity contract entitles the shareholder to claim against the residual cash flows of the firm. Consider a small firm with one...
Study smarter with the SolutionInn App