Question: Oriole Minerals processes materials extracted from mines. The most common raw material thatit processes results in threejoint products: Spock, Uhura, and Sulu. Each ofthese products

 Oriole Minerals processes materials extracted from mines. The most common raw

Oriole Minerals processes materials extracted from mines. The most common raw material thatit processes results in threejoint products: Spock, Uhura, and Sulu. Each ofthese products can be sold as is, or each can be processed further and sold for a higher price. The company incurs joint costs of $179,400 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 Allocated Cost to Process Sales Value of Split-Off Point Joint Costs Further Processed Product Spock $209,700 $40,000 $109,600 $300,900 Uhura 300,000 60,200 84,900 399.900 Sulu 455,500 79,200 249500 800.500 Determine the incremental prot or loss that each of the three joint products. (Enter negative amounts using either a negative Sign preceding the number 8.3. -45 or parentheses 2,3. (45).) Spock Uhura Sulu Incremental prot (loss) $ $ $ indicate whether each of the three joint products should be sold as is, or processed further

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!