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This is a cost accounting problem. Please show all work.
Sugar Cane Company processes sugar beets...
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...
all parts please Kalamata Corporation processes a single material into three separate products A B, and...
all parts please
Kalamata Corporation processes a single material into three separate products A B, and C. During September, the joint costs of processing were 530 Production and sales value information for the month were as follows: Product A B Units Produced 10,000 15,000 12,500 Final Sales Value per Unit $25 30 24 Separable Costs $125,000 250,000 125,000 C Required: 2. Determine the amount of joint cost allocated to each product if the NRV method is used. . Determine the...
Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer...
Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 2018, the joint costs of processing the tomatoes were $420,000. There was no beginning inventory for the summer. Production and sales information for the summer is as follows: Production(# Product of cases) Sales (# of cases) Sales Value at Splitoff Point Separable Costs Final Selling Price 80,000 $6 per case Catsup 100,000 120,000 Juice 150,000 $8 per case $3.00 per Catsup Premium $23...
Purple Paper Company processes wood pulp into two products. During July the joint costs of processing...
Purple Paper Company processes wood pulp into two products. During July the joint costs of processing were $50,000. Production and sales value information for the month were as follows: Sales Value at Product Kilograms Produced splitoff Point Separable Costs Paper 125,000 $63,000 $221,000 Cardboard 96,000 46,000 262,000 Paper sells for $2.71 a kilogram and cardboard sells for $3.10 a kilogram. There were no beginning or ending inventories for July QUESTION: Determine the amounts to be allocated to paper using...
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 joint cost of processing all the products were $725,000. The separable costs are not traceable....
The joint cost of processing all the products were $725,000. The separable costs are not traceable. There is no beginning or ending inventory. Product Units 250000 kg 300000 kg 300000 Litres Sales Value at split off point $10/ kg $4.5 per kg $7.5 per Litres Determine the amount allocated to each product if the sales value at split off method is used and compute the cost per appropriate unit for each product.
Please show the steps The following information relates to a joint production process for three products,...
Please show the steps
The following information relates to a joint production process for three products, with a total joint production cost of $170,000. There are no separable processing costs for any of the three products. Sales Value Units at Product at Split-Off Split-Off 1 $ 204,000 495 85,000 1,155 3 51,000 1,650 $ 340,000 3,300 Brief Exercise 7-20 [LO 7-6] Assume that the total sales value at the split-off point for product 1 is $85,000 instead of $204,000 and...
Question 7,8,9. Chapter 6 Costing By-Products and Joint Products 141 7. Joint product cost allocation--market value...
Question 7,8,9.
Chapter 6 Costing By-Products and Joint Products 141 7. Joint product cost allocation--market value method. Arlington Company manufactures three different products from a single raw material. A summary of production costs shows: Product Total Output in Kilograms....... 80 000 200 000 160 000 440 000 Sales price per kilogram... $.75 $1.00 $1.50 Separable Costs Total SKY Cost Production costs: Materials.... - - $ 90.000 Direct aboum . $ 3,000 $20,000 $30.000 80.000 Variable factory overhead............. 2,000 10,000 16,000...
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 4. The company has discovered an additional process by...
topic:- Cost accounting * no hand writing *the answer must be unique not copied "plagiarized "...
topic:- Cost accounting * no hand writing *the answer must be unique not copied "plagiarized " Assignment Question(s): Q1. Spaghetti is a family-owned restaurant in KSA. The corporate office provides 2 kinds of services (maintenance and personnel) to 3 locations (Riyadh, Jeddah and Dammam). In a recent accounting period, the cost for maintenance was $25,000 and for personnel was $15,000. Maintenance costs are allocated on the basis of square feet, and personnel costs are allocated based on the basis of...
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...
all parts please
Kalamata Corporation processes a single material into three separate products A B, and C. During September, the joint costs of processing were 530 Production and sales value information for the month were as follows: Product A B Units Produced 10,000 15,000 12,500 Final Sales Value per Unit $25 30 24 Separable Costs $125,000 250,000 125,000 C Required: 2. Determine the amount of joint cost allocated to each product if the NRV method is used. . Determine the...
Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 2018, the joint costs of processing the tomatoes were $420,000. There was no beginning inventory for the summer. Production and sales information for the summer is as follows: Production(# Product of cases) Sales (# of cases) Sales Value at Splitoff Point Separable Costs Final Selling Price 80,000 $6 per case Catsup 100,000 120,000 Juice 150,000 $8 per case $3.00 per Catsup Premium $23...
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 joint cost of processing all the products were $725,000. The separable costs are not traceable. There is no beginning or ending inventory. Product Units 250000 kg 300000 kg 300000 Litres Sales Value at split off point $10/ kg $4.5 per kg $7.5 per Litres Determine the amount allocated to each product if the sales value at split off method is used and compute the cost per appropriate unit for each product.
Please show the steps
The following information relates to a joint production process for three products, with a total joint production cost of $170,000. There are no separable processing costs for any of the three products. Sales Value Units at Product at Split-Off Split-Off 1 $ 204,000 495 85,000 1,155 3 51,000 1,650 $ 340,000 3,300 Brief Exercise 7-20 [LO 7-6] Assume that the total sales value at the split-off point for product 1 is $85,000 instead of $204,000 and...
Question 7,8,9.
Chapter 6 Costing By-Products and Joint Products 141 7. Joint product cost allocation--market value method. Arlington Company manufactures three different products from a single raw material. A summary of production costs shows: Product Total Output in Kilograms....... 80 000 200 000 160 000 440 000 Sales price per kilogram... $.75 $1.00 $1.50 Separable Costs Total SKY Cost Production costs: Materials.... - - $ 90.000 Direct aboum . $ 3,000 $20,000 $30.000 80.000 Variable factory overhead............. 2,000 10,000 16,000...
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 4. The company has discovered an additional process by...
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