Homework Answers
| Corn Syrup | Corn Starch | Total | |
| Final sales value of total production | $607,600 | $139,200 | $746,800 |
| (12400 * $49) | (5800 * $24) | ||
| Deduct separable costs | -$372,760 | -$65,040 | -$437,800 |
| NRV at split off point | $234,840 | $74,160 | $309,000 |
| Weighting | $1 | $0 | $1 |
| ($234,840 /($234, 840 + $74,160) | ($74,160 /($234, 840 + $74,160) | ||
| Joint costs allocated | -$249,280 | -$78,720 | -$328,000 |
| ($328,000 * 0.76 ) | ($327,000 * 0.24) |
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Company is one of the world's leading corn refiners. It produces two joint products, corn syrup...
Rouse Company is one of the world's leading com refiners. It produces two joint products-com synup...
Rouse Company is one of the world's leading com refiners. It produces two joint products-com synup and com starch-using a common production process. In July 2017, Rouse reported the folowing production and selling-price information: (Click the icon to view the information.) Requirement Allocate the $325,000 joint costs using the NRV method. (Round the weights to two decimal places) Com syrup Com starch Total Final sales value of total production Deduct separable costs NRV at splitoff point Weighting Joint costs alocated...
Cohan Company is a corn refiner. The company produces two joint products-corn syrup and corn starch...
Cohan Company is a corn refiner. The company produces two joint products-corn syrup and corn starch using a common production process. The following production and selling price information is available. CORN SYRUP CORN STARCH JOINT COSTS Joint costs (cost of processing) $321,000 Separable cost of processing $430,560 $94,740 Production and sales (cases) 12,900 6,500 Selling price per case $52 $25 Prepare a diagram to include joint costs, separable costs, and final products with the sales value.
The Stenback Company produces two products, turpentine and methanol (wood alcohol), by a joint process. Joint...
The Stenback Company produces two products, turpentine and methanol (wood alcohol), by a joint process. Joint costs amount to $144,000 per batch of output. Each batch totals 40,000 litres: 25% methanol and 75% turpentine. Both products are processed further without gain or loss in volume. Separable processing costs are methanol, $0.90 per litre; turpentine, $0.60 per litre. Methanol sells for $6.30 per litre; turpentine sells for $4.20 per litre Required Requirement 1. How much joint costs per batch should be...
The Stenback Company produces two products, turpentine and methanol (wood alcohol), by a joint process. Joint...
The Stenback Company produces two products, turpentine and methanol (wood alcohol), by a joint process. Joint costs amount to $144,000 per batch of output. Each batch totals 40,000 litres: 25% methanol and 75% turpentine. Both products are processed further without gain or loss in volume. Separable processing costs are methanol, $0.90 per litre, turpentine, $0.60 per litre. Methanol sells for $6.30 per litre; turpentine sells for $4.20 per litre. Required Requirement 4. The company has discovered an additional process by...
The Stenback Company produces two products, turpentine and methanol (wood alcohol), by a joint process. Joint...
The Stenback Company produces two products, turpentine and methanol (wood alcohol), by a joint process. Joint costs amount to $144,000 per batch of output. Each batch totals 40,000 litres: 25% methanol and 75% turpentine. Both products are processed further without gain or loss in volume. Separable processing costs are methanol, $0.90 per litre; turpentine, $0.60 per litre. Methanol sells for $6.30 per litre; turpentine sells for $4.20 per litre. Required Methanol Turpentine Total Physical measure of total production 10,000 30,000...
The Stenback Company produces two products, turpentine and methanol (wood alcohol), by a joint process. Joint...
The Stenback Company produces two products, turpentine and methanol (wood alcohol), by a joint process. Joint costs amount to $144,000 per batch of output. Each batch totals 40,000 litres: 25% methanol and 75% turpentine. Both products are processed further without gain or loss in volume. Separable processing costs are methanol, $0.90 per litre; turpentine, $0.60 per litre. Methanol sells for $6.30 per litre, turpentine sells for $4.20 per litre. Required Requirement 1. How much joint costs per batch should be...
The Tempura Spirits Company produces two products methanol (wood alcohol) and turpentine-by a joint process. Joint...
The Tempura Spirits Company produces two products methanol (wood alcohol) and turpentine-by a joint process. Joint costs amount to $124,000 per batch of output. Each batch fotais 0,500 gallons: 25% methanol and 75% turpentine. Both products are processed further without gain or loss in volume. Separable processing costs are methanol, S4 per gallon, and turpentine, $2 per gallon. Methanol sells for $22 per gallon. Turpentine sells for $16 per gallon Read the requirements Requirement 2. If joint costs are allocated...
Unable to solve requirement 4 The Stenback Spirits Company produces two products-methanol (wood alcohol and turpentine-by...
Unable to solve requirement 4
The Stenback Spirits Company produces two products-methanol (wood alcohol and turpentine-by a joint process. Joint costs amount to $122,000 per batch of output. Each batch totals 12.500 gallons: 25% methanol and 75% turpentine. Both products are processed further without gain or loss in volume. Separable processing costs are methanol, S4 per gallon, and turpentine, Sa per gallon Methanol sells for 528 per gallon. Turpentine sells for $20 per non Read the quirements 3.125 2 Requirement...
Question Help The Rouse Spirits Company produces two products-methanol (wood alcohol) and turpentine by a joint...
Question Help The Rouse Spirits Company produces two products-methanol (wood alcohol) and turpentine by a joint process. Joint costs amount to $122.000 per batch of output. Each batch totals 12.500 galon 25 methanol and 75% turpentine. Both products are processed further without gain or loss in volume. Separable processing costs are methanol. S4 per gallon, and lurperline, 3 pergation Methanol for 28 pergation Turpentine sells for $20 per gallon. Read the requirements point (Hound the weights to five Requirement 1....
UU PUNIS) Red Sauce Canning Company processes tomatoes into two joint products: Catsup and Tomato Juice....
UU PUNIS) Red Sauce Canning Company processes tomatoes into two joint products: Catsup and Tomato Juice. During the summer of 2018, the joint costs of processing the tomatoes were $4,200,000. There was no beginning or ending inventories for the summer. Production and sales information for the summer is as follows: Product Catsup Juice Production Units at Splitoff Point 100,000 cases 150,000 cases Separable Costs $300,000 $750,000 Final Sales Units 50,000 cases 100,000 cases Final Selling Price S28 per case 25...
Rouse Company is one of the world's leading com refiners. It produces two joint products-com synup and com starch-using a common production process. In July 2017, Rouse reported the folowing production and selling-price information: (Click the icon to view the information.) Requirement Allocate the $325,000 joint costs using the NRV method. (Round the weights to two decimal places) Com syrup Com starch Total Final sales value of total production Deduct separable costs NRV at splitoff point Weighting Joint costs alocated...
The Stenback Company produces two products, turpentine and methanol (wood alcohol), by a joint process. Joint costs amount to $144,000 per batch of output. Each batch totals 40,000 litres: 25% methanol and 75% turpentine. Both products are processed further without gain or loss in volume. Separable processing costs are methanol, $0.90 per litre; turpentine, $0.60 per litre. Methanol sells for $6.30 per litre; turpentine sells for $4.20 per litre Required Requirement 1. How much joint costs per batch should be...
The Stenback Company produces two products, turpentine and methanol (wood alcohol), by a joint process. Joint costs amount to $144,000 per batch of output. Each batch totals 40,000 litres: 25% methanol and 75% turpentine. Both products are processed further without gain or loss in volume. Separable processing costs are methanol, $0.90 per litre, turpentine, $0.60 per litre. Methanol sells for $6.30 per litre; turpentine sells for $4.20 per litre. Required Requirement 4. The company has discovered an additional process by...
The Stenback Company produces two products, turpentine and methanol (wood alcohol), by a joint process. Joint costs amount to $144,000 per batch of output. Each batch totals 40,000 litres: 25% methanol and 75% turpentine. Both products are processed further without gain or loss in volume. Separable processing costs are methanol, $0.90 per litre; turpentine, $0.60 per litre. Methanol sells for $6.30 per litre; turpentine sells for $4.20 per litre. Required Methanol Turpentine Total Physical measure of total production 10,000 30,000...
The Stenback Company produces two products, turpentine and methanol (wood alcohol), by a joint process. Joint costs amount to $144,000 per batch of output. Each batch totals 40,000 litres: 25% methanol and 75% turpentine. Both products are processed further without gain or loss in volume. Separable processing costs are methanol, $0.90 per litre; turpentine, $0.60 per litre. Methanol sells for $6.30 per litre, turpentine sells for $4.20 per litre. Required Requirement 1. How much joint costs per batch should be...
The Tempura Spirits Company produces two products methanol (wood alcohol) and turpentine-by a joint process. Joint costs amount to $124,000 per batch of output. Each batch fotais 0,500 gallons: 25% methanol and 75% turpentine. Both products are processed further without gain or loss in volume. Separable processing costs are methanol, S4 per gallon, and turpentine, $2 per gallon. Methanol sells for $22 per gallon. Turpentine sells for $16 per gallon Read the requirements Requirement 2. If joint costs are allocated...
Unable to solve requirement 4
The Stenback Spirits Company produces two products-methanol (wood alcohol and turpentine-by a joint process. Joint costs amount to $122,000 per batch of output. Each batch totals 12.500 gallons: 25% methanol and 75% turpentine. Both products are processed further without gain or loss in volume. Separable processing costs are methanol, S4 per gallon, and turpentine, Sa per gallon Methanol sells for 528 per gallon. Turpentine sells for $20 per non Read the quirements 3.125 2 Requirement...
Question Help The Rouse Spirits Company produces two products-methanol (wood alcohol) and turpentine by a joint process. Joint costs amount to $122.000 per batch of output. Each batch totals 12.500 galon 25 methanol and 75% turpentine. Both products are processed further without gain or loss in volume. Separable processing costs are methanol. S4 per gallon, and lurperline, 3 pergation Methanol for 28 pergation Turpentine sells for $20 per gallon. Read the requirements point (Hound the weights to five Requirement 1....
UU PUNIS) Red Sauce Canning Company processes tomatoes into two joint products: Catsup and Tomato Juice. During the summer of 2018, the joint costs of processing the tomatoes were $4,200,000. There was no beginning or ending inventories for the summer. Production and sales information for the summer is as follows: Product Catsup Juice Production Units at Splitoff Point 100,000 cases 150,000 cases Separable Costs $300,000 $750,000 Final Sales Units 50,000 cases 100,000 cases Final Selling Price S28 per case 25...
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