Homework Answers
Calculation of total joint cost-
Purchase cost = 3700*4 = $14800
Labour Cost = $5600
Total Cost = 14800+5600 = $20400
Input - output % ratio-
tails 53%, flakes 26%, waste 21%
Total Sales value to be obtain from 3700 pounds of input
Tails- 3700*53% = 1961*19.10 = 37455.10
Flakes- 3700*26% = 962*15.10 = 14526.20
Waste- 3700*21% = 777*0= 0
Total Joint cost to be allocated in the ratio 37455.10 : 14526.20
| Allocated Joint Cost(20400) | Sold Units | Sold units ($) | Ending units | Ending units ($) | |
| Tails | 14699.21 | 1822 | 13657.30 | 139 | 1041.91 |
| Flakes | 5700.79 | 877 | 5197.08 | 85 | 503.71 |
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Exercise 22-22C Assigning joint product costs LO C3 Pirate Seafood Company purchases lobsters and processes them...
Exercise 22-22C Assigning joint product costs LO C3 Pirate Seafood Company purchases lobsters and processes them...
Exercise 22-22C Assigning joint product costs LO C3
Pirate Seafood Company purchases lobsters and processes them
into tails and flakes. It sells the lobster tails for $20.40 per
pound and the flakes for $15.90 per pound. On average, 100 pounds
of lobster are processed into 56 pounds of tails and 24 pounds of
flakes, with 20 pounds of waste. Assume that the company purchased
3,600 pounds of lobster for $4 per pound and processed the lobsters
with an additional labor...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $19....
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $19.40 per pound and the flakes for $15.40 per pound. On average, 100 pounds of lobster are processed into 59 pounds of tails and 28 pounds of flakes, with 13 pounds of waste. Assume that the company purchased 3,700 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,400. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.40 per pound and the flakes for $15.60 per pound. On average, 100 pounds of lobster are processed into 53 pounds of tails and 24 pounds of flakes with 23 pounds of waste. Assume that the company purchased 3,500 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,800. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.00 per pound and the flakes for $15.20 per pound. On average, 100 pounds of lobster are processed into 52 pounds of tails and 24 pounds of flakes, with 24 pounds of waste. Assume that the company purchased 3,400 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $7,200. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.00 per pound and the flakes for $15.70 per pound. On average, 100 pounds of lobster are processed into 56 pounds of tails and 25 pounds of flakes, with 19 pounds of waste. Assume that the company purchased 3,800 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,100. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $19.10 per pound and the flakes for $14.30 per pound. On average, 100 pounds of lobster are processed into 57 pounds of tails and 25 pounds of flakes, with 18 pounds of waste. Assume that the company purchased 3,300 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,600. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $21 per pound and the flakes for $14 per pound. On average, 100 pounds of lobster are processed into 52 pounds of tails and 22 pounds of flakes, with 26 pounds of waste. Assume that the company purchased 2,400 pounds of lobster for $4.50 per pound and processed the lobsters with an additional labor cost of $1,800. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes, It sells the lobster...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes, It sells the lobster tails for $21 per pound and the flakes for $14 per pound. On average, 100 pounds of lobster are processed into 52 pounds of tails and 22 pounds of flakes, with 26 pounds of waste. Assume that the company purchased 2,400 pounds of lobster for $4.50 per pound and processed the lobsters with an additional labor cost of $1,800. No materials or labor costs...
PLEASE ANSWER IN TABLE FORMAT! Pirate Seafood Company purchases lobsters and processes them into tails and...
PLEASE ANSWER IN TABLE FORMAT!
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.00 per pound and the flakes for $15.20 per pound. On average, 100 pounds of lobster are processed into 52 pounds of tails and 24 pounds of flakes, with 24 pounds of waste. Assume that the company purchased 3,400 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $7,200....
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.60 per pound and the flakes for $15.50 per pound. On average, 100 pounds of lobster are processed into 59 pounds of tails and 25 pounds of flakes, with 16 pounds of waste. Assume that the company purchased 3,800 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $5,100. No materials or labor costs...
Exercise 22-22C Assigning joint product costs LO C3
Pirate Seafood Company purchases lobsters and processes them
into tails and flakes. It sells the lobster tails for $20.40 per
pound and the flakes for $15.90 per pound. On average, 100 pounds
of lobster are processed into 56 pounds of tails and 24 pounds of
flakes, with 20 pounds of waste. Assume that the company purchased
3,600 pounds of lobster for $4 per pound and processed the lobsters
with an additional labor...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $19.40 per pound and the flakes for $15.40 per pound. On average, 100 pounds of lobster are processed into 59 pounds of tails and 28 pounds of flakes, with 13 pounds of waste. Assume that the company purchased 3,700 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,400. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.40 per pound and the flakes for $15.60 per pound. On average, 100 pounds of lobster are processed into 53 pounds of tails and 24 pounds of flakes with 23 pounds of waste. Assume that the company purchased 3,500 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,800. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.00 per pound and the flakes for $15.20 per pound. On average, 100 pounds of lobster are processed into 52 pounds of tails and 24 pounds of flakes, with 24 pounds of waste. Assume that the company purchased 3,400 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $7,200. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.00 per pound and the flakes for $15.70 per pound. On average, 100 pounds of lobster are processed into 56 pounds of tails and 25 pounds of flakes, with 19 pounds of waste. Assume that the company purchased 3,800 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,100. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $19.10 per pound and the flakes for $14.30 per pound. On average, 100 pounds of lobster are processed into 57 pounds of tails and 25 pounds of flakes, with 18 pounds of waste. Assume that the company purchased 3,300 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,600. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $21 per pound and the flakes for $14 per pound. On average, 100 pounds of lobster are processed into 52 pounds of tails and 22 pounds of flakes, with 26 pounds of waste. Assume that the company purchased 2,400 pounds of lobster for $4.50 per pound and processed the lobsters with an additional labor cost of $1,800. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes, It sells the lobster tails for $21 per pound and the flakes for $14 per pound. On average, 100 pounds of lobster are processed into 52 pounds of tails and 22 pounds of flakes, with 26 pounds of waste. Assume that the company purchased 2,400 pounds of lobster for $4.50 per pound and processed the lobsters with an additional labor cost of $1,800. No materials or labor costs...
PLEASE ANSWER IN TABLE FORMAT!
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.00 per pound and the flakes for $15.20 per pound. On average, 100 pounds of lobster are processed into 52 pounds of tails and 24 pounds of flakes, with 24 pounds of waste. Assume that the company purchased 3,400 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $7,200....
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