Question: Oriole Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Spock, Uhura, and Sulu. Each

 Oriole Minerals processes materials extracted from mines. The most common raw
material that it processes results in three joint products: Spock, Uhura, and

Oriole 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 $180,600 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 $209,000 Allocated Joint Costs $40.900 Cost to Process Further $109.200 Sales Value of Processed Product $300,100 Spock Uhura 299.100 59.700 85,900 399,500 Sulu 455,700 80,000 250.300 801.000 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 e.g. (45)) Spock Uhura Sulu Incremental profit (loss) $

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!