Data for problem Joint Costs Product Product A Product B Product C Product A Product B Product
Fantastic news! We've Found the answer you've been seeking!
Question:
Data for problem
Transcribed Image Text:
Joint Costs Product Product A Product B Product C Product A Product B Product C REQUIRED 1 2 3 $210,000 Units produced 2,500 1,300 2,000 Selling price after further processing $75 $90 $45 Product A Product B Product C Selling price at split off $50 per unit $40 per unit $30 per unit Additional processing costs $ 50,000 $ 70,000 $30,000 Complete the schedule below to illustrate the financial advantage or disadvantage of further processing of each product. Be sure disadvantages appear as negative numbers. Total Sales value after further processing Less sales value at split off Incremental revenue from further processing Less cost of further processing Financial advantage (disadvantage) of further processing Based on your chart in question 1, put an X in the relevant cell for each of the products to indicate whether it should be sold at split-off or processed further. Sold at split off Processed further Product A Product B Product C Complete the schedule provided to compute the total profit earned if units are sold as indicated by your answer to question 2 Total Sales Total joint costs Total further processing costs Profit Joint Costs Product Product A Product B Product C Product A Product B Product C REQUIRED 1 2 3 $210,000 Units produced 2,500 1,300 2,000 Selling price after further processing $75 $90 $45 Product A Product B Product C Selling price at split off $50 per unit $40 per unit $30 per unit Additional processing costs $ 50,000 $ 70,000 $30,000 Complete the schedule below to illustrate the financial advantage or disadvantage of further processing of each product. Be sure disadvantages appear as negative numbers. Total Sales value after further processing Less sales value at split off Incremental revenue from further processing Less cost of further processing Financial advantage (disadvantage) of further processing Based on your chart in question 1, put an X in the relevant cell for each of the products to indicate whether it should be sold at split-off or processed further. Sold at split off Processed further Product A Product B Product C Complete the schedule provided to compute the total profit earned if units are sold as indicated by your answer to question 2 Total Sales Total joint costs Total further processing costs Profit
Expert Answer:
Answer rating: 100% (QA)
Step 1 Joint Cost The some costs benefit more than one product or process in the manufacturing proce... View the full answer
Related Book For
Management Accounting
ISBN: 978-0132570848
6th Canadian edition
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu
Posted Date:
Students also viewed these accounting questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Find the area between the parabolas y = 2x 2 + 1 and y = x 2 + 5.
-
As an agricultural engineer, you must design a trapezoidal open channel to carry irrigation water (Figure). Determine the optimal dimensions to minimize the wetted perimeter for a cross-sectional...
-
Consider a particle moving at constant speed along a circular trajectory centered on the origin. Write the relationship of the particle's velocity \(\vec{v}\), rotational velocity \(\vec{\omega}\),...
-
Sample height averages (in centimeters) for 10 males and 10 females are listed. Find the coefficient of variation for each of the two data sets. Then compare the results. Males 167 165 160 181 190...
-
The post-closing trial balance of Hokie Manufacturing Co. on April 30 is reproduced as follows: During May, the following transactions took place: a. Purchased raw materials at a cost of $45,000 and...
-
The following information was obtained from the annual report of A Ltd of the current year. Income statement: Sales 4200 Cost of sales -1680 Other operating expenses -630 Profit before interest and...
-
Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materials cost. Transferred Job 201 to Finished Goods Inventory. (1) Sold Job 201 for $167,060 on...
-
The combustion of liquid ethanol (C 2 H 5 OH) produces carbon dioxide and water. After 4.60 mL of ethanol (density=0.789g/ml) was allowed to burn in the presence of 15.40 g of oxygen gas, 3.71 mL of...
-
What is an interest rate swap? Describe the mechanics of a fixedrate to floating-rate swap.
-
Explain how a company can use Treasury bond futures to hedge against rising interest rates.
-
Suppose a company knows the quantity of a commodity that it will produce. Describe how it might hedge using a futures contract.
-
What is counterparty risk?
-
Explain how a company can use forward contracts to eliminate FX risk.
-
A PC engineer wires electrical planning and computer programming to encourage new development. PC engineers setup, gather, and stay aware of gear in present day computers. These creators base on...
-
Write a paper by answer the following question: Should Recycling Be Mandatory?
-
An administrator at Sacred Heart Hospital is considering how to use some space made available when the outpatient clinic moved to a new building. She has narrowed her choices as follows: 1. Use the...
-
The Tokyo division of Kaycee Toy Company manufactures units of the game Shogi and sells them in the Japanese market for 7,200 each. The following data are from the Tokyo divisions 2012 budget....
-
In October 2009 CanWest Global Communications Corp. was declared insolvent and began selling media assets by announcing the sale of Global Television. CanWest also owned many major Canadian...
-
Assume a gain margin of 20 dB and a plant with a nominal gain of 50/sec. Assume also that the minimum GM of the system is specified to 10 dB. To what maximum value of gain can the plant climb under...
-
Name three benefits of using software R/D conversion compared with hardware R/D converters.
-
Correcting for reversal error correction and deadband compensation are special cases of what general technique?
Study smarter with the SolutionInn App