Question: 3 0 : table [ [ Products , Alpha,Beta,Gamma, ] , [ Units sold, 2 8 , 0 0 0 , 8 2 ,

30 :
\table[[Products,Alpha,Beta,Gamma,],[Units sold,28,000,82,600,98,000,],[Units on hand at September 30,70,000,0,56,000,],[Sales revenues,$126,000,$743,400,$1,029,000,],[,,,,],[Departments,1,2,3,],[Raw material cost,$470,400,$0,$0,],[Direct labor cost,201,600,339,780,805,350,],[Manufacturing overhead,84,000,88,620,307,650,]]
Required:
a. Determine the following amounts for each product: (1) estimated net realizable value used for allocating joint costs, (2) joint costs allocated to each of the three products, (3) cost of goods sold, and (4) finished goods inventory costs, September 30.
b. Assume that the entire output of Alpha could be processed further at an additional cost of $12 per unit and then sold for $16.30 per unit. Compute the incremental income (loss) from further processing Alpha.
c. Considering the results of part b, should Lipton Liquids process Alpha further?
Complete this question by entering your answers in the tabs below.
Required B
Assume that the entire output of Alpha could be processed further at an additional cost of $12 per unit and then sold for $16.30 per unit. Compute the incremental income (loss) from further processing Alpha.
Incremental loss
3 0 : \ table [ [ Products , Alpha,Beta,Gamma, ]

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!