Question: Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Spock, Uhura, and Sulu, Each
Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Spock, Uhura, and Sulu, Each of these products can be sold as is, or each can be processed further and sold for a higher price. The company incurs joint costs of $178,700 to process one batch of the raw material that produces the three joint products. The following cost and sales information is available for one batch of each product. Sales Value at Split-Off Point Allocated Joint Costs Cost to Process Further Sales Value of Processed Product Spock $209.600 $39,400 $109,000 $299,700 Uhura 300,400 59.700 85,200 400,500 Sulu 455,400 79,600 250.200 799,700 Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Incremental proht (loss) Spock Uhura Indicate whether each of the three joint products should be sold as is, or processed further Spock Sulu Split-Off Point Joint Costs Further Processed Product Spock $209.600 $39,400 $109,000 $299,700 Uhura 300,400 59,700 85,2001 400,500 Sulu 455,400 79,600 250.200 799.700 Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45)) Incremental profit (loss) Spock Uhura Indicate whether each of the three joint products should be sold as is, or processed further, Spock Uhura Sulu proces further sold as is eTextbook and Media Sulu
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