Compute the gross margin percentage for each product sold in December using the different methods for allocating the $105,000 joint cost: Sales value of total Joint costs production at split-off Weighting allocated A 75000 B 62500 C 60000 D 67500 265000 additional info: Product A 275,000 gallonsProduct B 100,000 gallonsProduct C 75000 gallonsProduct d 50,000 gallonsthe joint cost of purchasing

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Compute the gross margin percentage for each product sold in December using the different methods for allocating the $105,000 joint cost:

Sales value of totalJoint costs
production at split-offWeightingallocated
A75000
B62500
C60000
D67500
265000

additional info:

Product A 275,000 gallons
Product B 100,000 gallons
Product C 75000 gallons
Product d 50,000 gallons
the joint cost of purchasing and processing the crude vegtable oil were 105,000. sunny had no begining or ending inventoryes. sales of product c in december were 45,000 products A, B, and D, were further refined then sold. data related to December are as follows :












Separable Processing Costs
to Make Super ProductsRevenues
Super A$240,000$375,000
Super B60,000150,000
Super D45,00075,000

sunny had the option of selling products a, b and d at the split-off point. this alternative would have yielded the following revenues for the December production:

product A- 75,000

Product B - 62,500

Product D- 67,500

Related Book For  answer-question

Cost Accounting A Managerial Emphasis

6th Canadian edition

Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ

ISBN: 978-0133392883