Question: Hello, thank you for your time and help! Ch 18 Q 2 Read the requirements. Requirements 1.Howmuchofthejointcostsperbatchwillbeallocatedtomethanolandtoturpentine,assumingthatjointcostsareallocatedbasedonthenumberofgallonsatsplitoffpoint?2.IfjointcostsareallocatedonanNRVbasis,howmuchofthejointcostsperbatchwillbeallocatedtomethanolandtoturpentine?3.Prepareproduct-lineincomestatementsperbatchforrequirement1and2.4ssumenobeginningorendinginventories.Thecompanyhasdiscoveredanadditionalprocessbywhichthemethanol(woodalcohol)canbemadeintoapleasant-tastingalcoholicbeverage.Thesellingpriceofthisbeveragewouldbe$60agallon.Additionalprocessingwouldincreaseseparablecosts$9pergallon(inadditiontothe$3pergallonseparablecostrequiredtoyieldmethanol).Thecompanywouldhavetopayexcisetaxesof20%onthesellingpriceofthebeverage.Assumingnootherchangesincost,whatisthejointcostapplicabletothewoodalcohol(usingtheNRVmethod)?Shouldthecompanyproducethealcoholicbeverage?Showyourcomputations. Read the requirements. Requirements 1.Howmuchofthejointcostsperbatchwillbeallocatedtomethanolandtoturpentine,assumingthatjointcostsareallocatedbasedonthenumberofgallonsatsplitoffpoint?2.IfjointcostsareallocatedonanNRVbasis,howmuchofthejointcostsperbatchwillbeallocatedtomethanolandtoturpentine?3.Prepareproduct-lineincomestatementsperbatchforrequirement1and2.4ssumenobeginningorendinginventories.Thecompanyhasdiscoveredanadditionalprocessbywhichthemethanol(woodalcohol)canbemadeintoapleasant-tastingalcoholicbeverage.Thesellingpriceofthisbeveragewouldbe$60agallon.Additionalprocessingwouldincreaseseparablecosts$9pergallon(inadditiontothe$3pergallonseparablecostrequiredtoyieldmethanol).Thecompanywouldhavetopayexcisetaxesof20%onthesellingpriceofthebeverage.Assumingnootherchangesincost,whatisthejointcostapplicabletothewoodalcohol(usingtheNRVmethod)?Shouldthecompanyproducethealcoholicbeverage?Showyourcomputations

Hello, thank you for your time and help! Ch 18 Q 2

Read the requirements. Requirements 1.Howmuchofthejointcostsperbatchwillbeallocatedtomethanolandtoturpentine,assumingthatjointcostsareallocatedbasedonthenumberofgallonsatsplitoffpoint?2.IfjointcostsareallocatedonanNRVbasis,howmuchofthejointcostsperbatchwillbeallocatedtomethanolandtoturpentine?3.Prepareproduct-lineincomestatementsperbatchforrequirement1and2.4ssumenobeginningorendinginventories.Thecompanyhasdiscoveredanadditionalprocessbywhichthemethanol(woodalcohol)canbemadeintoapleasant-tastingalcoholicbeverage.Thesellingpriceofthisbeveragewouldbe$60agallon.Additionalprocessingwouldincreaseseparablecosts$9pergallon(inadditiontothe$3pergallonseparablecostrequiredtoyieldmethanol).Thecompanywouldhavetopayexcisetaxesof20%onthesellingpriceofthebeverage.Assumingnootherchangesincost,whatisthejointcostapplicabletothewoodalcohol(usingtheNRVmethod)?Shouldthecompanyproducethealcoholicbeverage?Showyourcomputations. Read the requirements. Requirements 1.Howmuchofthejointcostsperbatchwillbeallocatedtomethanolandtoturpentine,assumingthatjointcostsareallocatedbasedonthenumberofgallonsatsplitoffpoint?2.IfjointcostsareallocatedonanNRVbasis,howmuchofthejointcostsperbatchwillbeallocatedtomethanolandtoturpentine?3.Prepareproduct-lineincomestatementsperbatchforrequirement1and2.4ssumenobeginningorendinginventories.Thecompanyhasdiscoveredanadditionalprocessbywhichthemethanol(woodalcohol)canbemadeintoapleasant-tastingalcoholicbeverage.Thesellingpriceofthisbeveragewouldbe$60agallon.Additionalprocessingwouldincreaseseparablecosts$9pergallon(inadditiontothe$3pergallonseparablecostrequiredtoyieldmethanol).Thecompanywouldhavetopayexcisetaxesof20%onthesellingpriceofthebeverage.Assumingnootherchangesincost,whatisthejointcostapplicabletothewoodalcohol(usingtheNRVmethod)?Shouldthecompanyproducethealcoholicbeverage?Showyourcomputations

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