Question: Sales value at splitoff: Special B/ Special S/ beef ramen shrimp ramen Total Sales value of total production at splitoff Weighting Joint costs allocated a.

Sales value at splitoff:

Special B/

Special S/

beef ramen

shrimp ramen

Total

Sales value of total production at splitoff

Weighting

Joint costs allocated

a. Allocate the joint costs using the sales value at splitoff method. Begin by entering the amounts in the table and allocate the joint costs. (Enter the weighting to two decimal places.)

Sales value at splitoff:

Special B/

Special S/

beef ramen

shrimp ramen

Total

Sales value of total production at splitoff

$

$0

Weighting

Joint costs allocated

Compute the gross margin percentages using the sales value at splitoff method to allocate the joint costs. (Round the percentages to the nearest whole percent. Use parentheses or a minus sign when entering applicable negative gross margin amounts and percentages.)

Special B

Special S

Total

Revenues

Joint costs

Separable costs

Gross margin

Gross margin percentage

%

%

%

b. Allocate the joint costs using the physical-measure method. Enter the amounts in the table and allocate the joint costs.(Enter the weighting to two decimal places.)

Physical-measure method:

Special B/

Special S/

beef ramen

shrimp ramen

Total

Physical measure of total production (tons)

Weighting

Joint costs allocated

Compute the gross margin percentages using thephysical-measures method to allocate the joint costs. (Round the percentages to the nearest whole percent. Use parentheses or a minus sign when entering applicable negative gross margin amounts and percentages.)

Special B

Special S

Total

Revenues

$

$

Joint costs

Separable costs

Gross margin

$

Gross margin percentage

72

c. Allocate the joint costs using the net realizable value method. Enter the amounts in the table and allocate the joint costs. (Enter the weighting to two decimal places.)

Net realizable value (NRV) method:

Special B

Special S

Total

Net realizable value of total production at splitoff

Weighting

Joint costs allocated

Compute the gross margin percentages using the NRV method to allocate the joint costs. (Round the percentages to the nearest whole percent. Use parentheses or a minus sign when entering applicable negative gross margin amounts andpercentages.)

Special B

Special S

Total

Revenues

Joint costs

Separable costs

Gross margin

Gross margin percentage

%

%

%

 Sales value at splitoff: Special B/ Special S/ beef ramen shrimp

Data table amen. The two Due to the popularity of its microwavable products, Eco decides to add a new line of Data table B Joint Costs Joint costs (costs of noodles, Spices, and other 2 Inputs and processing to splitoff point) 3 4 Beginning inventory Cons) 5 Production Cons) 6 Sales (ons) 7 Selling price perfon $ 260,000 Beer Shrimp Ramen Ramen 0 0 6,000 9,000 6.000 9.000 $ 45 2015 B D E 11 Joint Costs Special B Specials Joint costs (costs of noodies, spices, and other 12 inputs and processing to sploff point) S 260,000 Separable costs of processing 6,000 tons of Beer 13 Ramen into 12,000 tons of Special B S48.000 Separable costs of processing 9.000 tons of 14 Shrimp Ramen into 17,000 tons of Specials $ 85.000 Beef Shrimp 15 Ramen Ramen Special B Special S 16 Beginning inventory (tons) 0 0 17 Production (ons) 6,000 9,000 12.000 17.000 18 Transfer for further processing tons) 6.000 9,000 19 Sales (ons) 12.000 17.000 20 Selling price perton S 25$ 45 $ 5115 54 0 0 Print Done costs

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