please help! will definitely give a like!

question 1-3

is this better?

per pound Joint Cost & By-Product Practice Problem Sun Valley Crush is a vineyard in New Mexico. They grow and process grapes into beverages, which they sell in bulk to other processors for bottling and distribution. For each ton of grapes processed, 200 gallons of pure grape juice and 100 pounds of grape seeds are produced. These are considered the joint products. 250 pounds of grape skins, which are considered a by-product, result from the initial process. The equipment in the crushing department can process one ton of grapes at a time, so the batch size is one ton of grapes processed. The grapeseed can be processed into grapeseed powder. One pound of grapeseed can be processed into 0.95 pounds of grapeseed powder. The grape juice can be sold at split-off, or processed into sparkling grape juice and table wine. One gallon of grape juice can be processed into 1.2 gallons of sparkling grape juice. 1.25 gallons of grape juice can be processed into one gallon of table wine The following revenue and cost information is available: Revenue: Grapeseed $5.00 per pound Grapeseed Powder $5.65 Grape Juice $4.50 per gallon Sparkling Grape Juice $5.95 per gallon Table Wine $8.00 per gallon Crushing Department (the joint process): Grapes $ 400 per ton Conversion Costs $ 150 per ton Separable Costs Grapeseed to Grapeseed Powder Other costs $0.80 per pound of grapeseed processed Juice to Sparkling Juice $20 per canister (I canister is required for each 50 gallons of sparkling juice: partial canisters can be used-in other words, if a canister is opened the entire content doesn't have to be used) Spring water S0.03 per gallon of juice processed (0.2 gallons added to each gallon of grape juice) Other costs $0.50 per gallon of sparking juice produced Juice to Table Wine Wine yeast $0.50 per gallon of juice processed Other costs $2.50 per gallon of wine produced Grapeskins Grapeskin sells for $0.75 per pound CO Other Information: Sun Valley can sell all it produces of all products. Sun Valley uses the production method of accounting for by-products. Sun Valley incurs fixed selling costs of S100 per batch + variable selling costs of 5% of revenue. Requirements: 1. Draw a diagram of Sun Valley's processing system. 2. Which of the joint products should be processed further? What is the final mix of end products you recommend Sun Valley produce? 3. Use the sales value at split-off method to allocate joint costs to the final products you recommended. 4. Calculate Sun Valley's profit before tax (operating income) on cach batch of grapes. 5. From a quantitative perspective, at what sales price would Sun Valley be indifferent to making sparking grape juice and table wine? Check Figures: 1. No check figure 2. NRVS Grape seed - $500 Grape seed powder - $456.75 Grape juice - 900 Sparkling juice - $1,206 Table wine - 5780 Grape skin - S187.50 3. Net JC allocation To Grapeseed - $129.46 To Sparkling juice - $233.04 4. OI = $1,147.10 $5.95 Joint Cost & By-Product Practice Problem Sun Valley Crush is a vineyard in New Mexico. They grow and process grapes into beverages, which they sell in bulk to other processors for bottling and distribution. For each ton of grapes processed, 200 gallons of pure grape juice and 100 pounds of grape seeds are produced. These are considered the joint products. 250 pounds of grape skins, which are considered a by-product, result from the initial process. The equipment in the crushing department can process one ton of grapes at a time, so the batch size is one ton of grapes processed. The grapeseed can be processed into grapeseed powder. One pound of grapeseed can be processed into 0.95 pounds of grapeseed powder. The grape juice can be sold at split-off, or processed into sparkling grape juice and table wine. One gallon of grape juice can be processed into 1.2 gallons of sparkling grape juice. 1.25 gallons of grape juice can be processed into one gallon of table wine The following revenue and cost information is available: Revenue: Grapeseed $5.00 per pound Grapeseed Powder $5.65 per pound Grape Juice $4.50 per gallon Sparkling Grape Juice per gallon Table Wine 58.00 per gallon Crushing Department (the joint process): Grapes $ 400 per ton Conversion Costs S150 per ton Separable Costs Grapeseed to Grapeseed Powder Other costs $0.80 per pound of grapeseed processed Juice to Sparkling Juice co $20 per canister (1 canister is required for each 50 gallons of sparkling juice; partial canisters can be used in other words, if a canister is opened, the entire content doesn't have to be used) Spring water $0.03 per gallon of juice processed (0.2 gallons added to cach gallon of grape juice) Other costs $0.50 per gallon of sparking juice produced Juice to Table Wine Wine yeast $0.50 per gallon of juice processed Other costs $2.50 per gallon of wine produced Grapeskins Grapeskin sells for $0.75 per pound Other Information: Other Information: Sun Valley can sell all it produces of all products. Sun Valley uses the production method of accounting for by-products. Sun Valley incurs fixed selling costs of S100 per batch + variable selling costs of 5% of revenue. Requirements: 1. Draw a diagram of Sun Valley's processing system. 2. Which of the joint products should be processed further? What is the final mix of end products you recommend Sun Valley produce? 3. Use the sales value at split-off method to allocate joint costs to the final products you recommended. 4. Calculate Sun Valley's profit before tax (operating income) on cach batch of grapes. 5. From a quantitative perspective, at what sales price would Sun Valley be indifferent to making sparking grape juice and table wine? Check Figures: 1. No check figure 2. NRVS Grape seed - $500 Grape seed powder - $456.75 Grape juice - 5900 Sparkling juice - $1,206 Table wine - $780 Grape skin - S187.50 3. Net JC allocation To Grapeseed - $129.46 To Sparkling juice - $233.04 4. OI = $1,147.10 per pound Joint Cost & By-Product Practice Problem Sun Valley Crush is a vineyard in New Mexico. They grow and process grapes into beverages, which they sell in bulk to other processors for bottling and distribution. For each ton of grapes processed, 200 gallons of pure grape juice and 100 pounds of grape seeds are produced. These are considered the joint products. 250 pounds of grape skins, which are considered a by-product, result from the initial process. The equipment in the crushing department can process one ton of grapes at a time, so the batch size is one ton of grapes processed. The grapeseed can be processed into grapeseed powder. One pound of grapeseed can be processed into 0.95 pounds of grapeseed powder. The grape juice can be sold at split-off, or processed into sparkling grape juice and table wine. One gallon of grape juice can be processed into 1.2 gallons of sparkling grape juice. 1.25 gallons of grape juice can be processed into one gallon of table wine The following revenue and cost information is available: Revenue: Grapeseed $5.00 per pound Grapeseed Powder $5.65 Grape Juice $4.50 per gallon Sparkling Grape Juice $5.95 per gallon Table Wine $8.00 per gallon Crushing Department (the joint process): Grapes $ 400 per ton Conversion Costs $ 150 per ton Separable Costs Grapeseed to Grapeseed Powder Other costs $0.80 per pound of grapeseed processed Juice to Sparkling Juice $20 per canister (I canister is required for each 50 gallons of sparkling juice: partial canisters can be used-in other words, if a canister is opened the entire content doesn't have to be used) Spring water S0.03 per gallon of juice processed (0.2 gallons added to each gallon of grape juice) Other costs $0.50 per gallon of sparking juice produced Juice to Table Wine Wine yeast $0.50 per gallon of juice processed Other costs $2.50 per gallon of wine produced Grapeskins Grapeskin sells for $0.75 per pound CO Other Information: Sun Valley can sell all it produces of all products. Sun Valley uses the production method of accounting for by-products. Sun Valley incurs fixed selling costs of S100 per batch + variable selling costs of 5% of revenue. Requirements: 1. Draw a diagram of Sun Valley's processing system. 2. Which of the joint products should be processed further? What is the final mix of end products you recommend Sun Valley produce? 3. Use the sales value at split-off method to allocate joint costs to the final products you recommended. 4. Calculate Sun Valley's profit before tax (operating income) on cach batch of grapes. 5. From a quantitative perspective, at what sales price would Sun Valley be indifferent to making sparking grape juice and table wine? Check Figures: 1. No check figure 2. NRVS Grape seed - $500 Grape seed powder - $456.75 Grape juice - 900 Sparkling juice - $1,206 Table wine - 5780 Grape skin - S187.50 3. Net JC allocation To Grapeseed - $129.46 To Sparkling juice - $233.04 4. OI = $1,147.10 $5.95 Joint Cost & By-Product Practice Problem Sun Valley Crush is a vineyard in New Mexico. They grow and process grapes into beverages, which they sell in bulk to other processors for bottling and distribution. For each ton of grapes processed, 200 gallons of pure grape juice and 100 pounds of grape seeds are produced. These are considered the joint products. 250 pounds of grape skins, which are considered a by-product, result from the initial process. The equipment in the crushing department can process one ton of grapes at a time, so the batch size is one ton of grapes processed. The grapeseed can be processed into grapeseed powder. One pound of grapeseed can be processed into 0.95 pounds of grapeseed powder. The grape juice can be sold at split-off, or processed into sparkling grape juice and table wine. One gallon of grape juice can be processed into 1.2 gallons of sparkling grape juice. 1.25 gallons of grape juice can be processed into one gallon of table wine The following revenue and cost information is available: Revenue: Grapeseed $5.00 per pound Grapeseed Powder $5.65 per pound Grape Juice $4.50 per gallon Sparkling Grape Juice per gallon Table Wine 58.00 per gallon Crushing Department (the joint process): Grapes $ 400 per ton Conversion Costs S150 per ton Separable Costs Grapeseed to Grapeseed Powder Other costs $0.80 per pound of grapeseed processed Juice to Sparkling Juice co $20 per canister (1 canister is required for each 50 gallons of sparkling juice; partial canisters can be used in other words, if a canister is opened, the entire content doesn't have to be used) Spring water $0.03 per gallon of juice processed (0.2 gallons added to cach gallon of grape juice) Other costs $0.50 per gallon of sparking juice produced Juice to Table Wine Wine yeast $0.50 per gallon of juice processed Other costs $2.50 per gallon of wine produced Grapeskins Grapeskin sells for $0.75 per pound Other Information: Other Information: Sun Valley can sell all it produces of all products. Sun Valley uses the production method of accounting for by-products. Sun Valley incurs fixed selling costs of S100 per batch + variable selling costs of 5% of revenue. Requirements: 1. Draw a diagram of Sun Valley's processing system. 2. Which of the joint products should be processed further? What is the final mix of end products you recommend Sun Valley produce? 3. Use the sales value at split-off method to allocate joint costs to the final products you recommended. 4. Calculate Sun Valley's profit before tax (operating income) on cach batch of grapes. 5. From a quantitative perspective, at what sales price would Sun Valley be indifferent to making sparking grape juice and table wine? Check Figures: 1. No check figure 2. NRVS Grape seed - $500 Grape seed powder - $456.75 Grape juice - 5900 Sparkling juice - $1,206 Table wine - $780 Grape skin - S187.50 3. Net JC allocation To Grapeseed - $129.46 To Sparkling juice - $233.04 4. OI = $1,147.10