Homework Answers
| Part a | Computation of net income at split-off point | ||||
| Spock | Uhura | Sulu | Total | ||
| Sales value at split-off point | $2,10,000 | $3,00,000 | $4,55,000 | $9,65,000 | |
| Less:Joint cost | $40,000 | $60,000 | $80,000 | $1,80,000 | |
| Net Income | $1,70,000 | $2,40,000 | $3,75,000 | $7,85,000 | |
| Part b | Computation of net income after further processing | ||||
| Spock | Uhura | Sulu | Total | ||
| Sales value after further processing | $3,00,000 | $4,00,000 | $8,00,000 | $15,00,000 | |
| Less:Joint cost | $40,000 | $60,000 | $80,000 | $1,80,000 | |
| Less:Additional cost | $1,10,000 | $85,000 | $2,50,000 | $4,45,000 | |
| Net Income | $1,50,000 | $2,55,000 | $4,70,000 | $8,75,000 | |
| Part c | Computation of Incremental profit | ||||
| Spock | Uhura | Sulu | |||
| Incremental Revenue | $90,000 | $1,00,000 | $3,45,000 | ||
| Less:Incremental costs | $1,10,000 | $85,000 | $2,50,000 | ||
| Incremental Profit/(Loss) | -$20,000 | $15,000 | $95,000 | ||
| Incremental Profit/(Loss) | Decision | ||||
| Spock | -$20,000 | Sales at split-off point | |||
| Uhura | $15,000 | Sale after Further processing | |||
| Sulu | $95,000 | Sale after Further processing | |||
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rocess E7.11 (LO 4), AN Kirk Minerals processes materials extracted from mines. The most common raw...
Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results...
Kirk 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 $178,900 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....
Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results...
Kirk 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 $180,100 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....
Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results...
Kirk 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 $178,600 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....
Exercise 7-11 Kirk Minerals processes materials extracted from mines. The most common raw material that it...
Exercise 7-11 Kirk 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 $179,700 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...
Exercise 7-11 Kirk Minerals processes materials extracted from mines. The most common raw material that it...
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Exercise 20-11 Kirk Minerals processes materials extracted from mines. The most common raw material that it...
Exercise 20-11 Kirk 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 $180,100 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...
Exercise 20-11 Kirk Minerals processes materials extracted from mines. The most common raw material that it...
Exercise 20-11 Kirk Minerals processes materials extracted from mines. The most common raw material that it processer ts in three in 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 $180,100 to process one batch of the raw material that produces the three joint products. The folowing cost and was n ation a le for one batch...
CALCULATOR PRINTER VERSION RACK Exercise 20-11 Kirk Minerals processes materials extracted from mines. The most common...
CALCULATOR PRINTER VERSION RACK Exercise 20-11 Kirk 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 $170,700 to process one batch of the raw material that produces the three joint products. The following cost and sales information is available...
or finished bookcases. BE7.6 (L04), AP Each day. Adama Corporation processes 1 ton of a secret...
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Northern Company processes 100 gallons of raw materials into 75 gallons of product GS-50 and 25...
Northern Company processes 100 gallons of raw materials into 75 gallons of product GS-50 and 25 gallons of GS-80. GS-50 is further processed into 50 gallons of product GS-505 at a cost of $18,000, and GS-80 is processed into 50 gallons of product GS-805 at a cost of $15,000. Exhibit 1 depicts this manufacturing flow. The production process starts at point 1. A total of $46,000 in joint manufacturing costs are incurred in reaching point 2. Point 2 is the...
Kirk 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 $180,100 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....
Exercise 7-11 Kirk 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 $179,700 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...
Exercise 7-11 Kirk 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 $177,000 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...
Exercise 20-11 Kirk 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 $180,100 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...
Exercise 20-11 Kirk Minerals processes materials extracted from mines. The most common raw material that it processer ts in three in 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 $180,100 to process one batch of the raw material that produces the three joint products. The folowing cost and was n ation a le for one batch...
CALCULATOR PRINTER VERSION RACK Exercise 20-11 Kirk 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 $170,700 to process one batch of the raw material that produces the three joint products. The following cost and sales information is available...
or finished bookcases. BE7.6 (L04), AP Each day. Adama Corporation processes 1 ton of a secret raw material into two result ing products, ABI and XYI. When it processes 1 ton of the raw material, the company incurs joint Determine whether to sell or process further joint products 000 of these costs to sed further to make satch of XY1 can processing costs of $60,000. It allocates $25.000 of these costs to ABT and $35,000 of these XY1. The resulting...
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