Check your worksheet by changing the cost of further processing undyed coarse wool in cell 812...
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Check your worksheet by changing the cost of further processing undyed coarse wool in cell 812 to $30,000. The overall financial advantage (disadvantage) from processing all intermediate products into final products should now be $150,000 and the financial advantage (disadvantage) from further processing undyed coarse wool should now be $10,000 do not get these answers, find the errors in your worksheet and correct them. 5 Cost of wool $200,000 $40,000 6 Cost of separation process 7 Sales value of intermediate products at split-off point: $120,000 8 Undyed coarse wool $150,000 9 Undyed fine wool 10 Undyed superfine wool $60,000 11 Costs of further processing (dyeing) intermediate products: 12 Undyed coarse wool $50,000 13 Undyed fine wool $60,000 14 Undyed superfine wool $10,000 15 Sales value of end products: Dyed coarse wool 16 $160,000 17 Dyed fine wool $240,000 18 Dyed superfine wool $90,000 19 20 Enter a formula into each of the cells marked with a ? below 21 Example: Joint Product Costs and the Contribution Approach 22 23 Analysis of the profitability of the overall operation: 24 Combined final sales value 25 Less costs of producing the end products: 26 Cost of wool 27 Cost of separation process 28 Combined costs of dyeing 29 Profit 222 ? 2 B $60,000 $10,000 $160,000 $240,000 Dyed superfine wool $90,000 19 20 Enter a formula into each of the cells marked with a ? below 21 Example: Joint Product Costs and the Contribution Approach 22 23 Analysis of the profitability of the overall operation: 24 Combined final sales value 25 Less costs of producing the end products: 26 Cost of wool ? 27 Cost of separation process ? 28 Combined costs of dyeing ? 29 Profit 30 31 Analysis of sell or process further: 32 33 34 Final sales value after further processing 35 Less sales value at the split-off point 36 Incremental revenue from further processing 37 Less cost of further processing (dyeing) 38 Financial advantage (disadvantage) of further processing 39 40 41 42 43 44 45 A 3 Undyed fine wool 4 Undyed superfine wool 5 Sales value of end products: 6 Dyed coarse wool Dyed fine wool 17 18 Coarse Wool ? ? ? ? ? Fine Wool ? ? ? ? ? ? ? O Superfine Wool 2 ? ? 2 ? Check your worksheet by changing the cost of further processing undyed coarse wool in cell 812 to $30,000. The overall financial advantage (disadvantage) from processing all intermediate products into final products should now be $150,000 and the financial advantage (disadvantage) from further processing undyed coarse wool should now be $10,000 do not get these answers, find the errors in your worksheet and correct them. 5 Cost of wool $200,000 $40,000 6 Cost of separation process 7 Sales value of intermediate products at split-off point: $120,000 8 Undyed coarse wool $150,000 9 Undyed fine wool 10 Undyed superfine wool $60,000 11 Costs of further processing (dyeing) intermediate products: 12 Undyed coarse wool $50,000 13 Undyed fine wool $60,000 14 Undyed superfine wool $10,000 15 Sales value of end products: Dyed coarse wool 16 $160,000 17 Dyed fine wool $240,000 18 Dyed superfine wool $90,000 19 20 Enter a formula into each of the cells marked with a ? below 21 Example: Joint Product Costs and the Contribution Approach 22 23 Analysis of the profitability of the overall operation: 24 Combined final sales value 25 Less costs of producing the end products: 26 Cost of wool 27 Cost of separation process 28 Combined costs of dyeing 29 Profit 222 ? 2 B $60,000 $10,000 $160,000 $240,000 Dyed superfine wool $90,000 19 20 Enter a formula into each of the cells marked with a ? below 21 Example: Joint Product Costs and the Contribution Approach 22 23 Analysis of the profitability of the overall operation: 24 Combined final sales value 25 Less costs of producing the end products: 26 Cost of wool ? 27 Cost of separation process ? 28 Combined costs of dyeing ? 29 Profit 30 31 Analysis of sell or process further: 32 33 34 Final sales value after further processing 35 Less sales value at the split-off point 36 Incremental revenue from further processing 37 Less cost of further processing (dyeing) 38 Financial advantage (disadvantage) of further processing 39 40 41 42 43 44 45 A 3 Undyed fine wool 4 Undyed superfine wool 5 Sales value of end products: 6 Dyed coarse wool Dyed fine wool 17 18 Coarse Wool ? ? ? ? ? Fine Wool ? ? ? ? ? ? ? O Superfine Wool 2 ? ? 2 ?
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Related Book For
Managerial Accounting for Managers
ISBN: 978-1259578540
4th edition
Authors: Eric Noreen, Peter Brewer, Ray Garrison
Posted Date:
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