An example of the split-off point in dairy production is that point where raw milk is
stored to be processed
gathered
pasteurized
made into butter or cheese
Option D | |
Split-off point is a point in a production process at which the jointly manufactured goods are seperated and costs can be calculated from there separately. Comment if you face any issues |
An example of the split-off point in dairy production is that point where raw milk is...
QUESTION 1) Riviera Company has a factory specialized in dairy production. It processes raw milk and converts it into 3 products through a joint production process; "Butter", "Cream Cheese" and "Cheese". All of the joint products can be sold at the spilt-off point, but all of them can also be further processed into more premium products by adding some flavors and they can be sold after further processing. The joint cost for June 2020 was $540,000 and other information about...
The Green Company processes unprocessed goat milk up to the split-off point where two products, condensed goat milk and skim goat milk result. The following information was collected for the month of October: Direct Materials processed: 105,000 gallons (after shrinkage) Production: Condensed goat milk 45,500 gallons Skim goat milk 59,500 gallons Sales: Condensed goat milk $4.50 per gallon Skim goat milk $4.00 per gallon The costs of purchasing the of unprocessed goat milk and processing it up to the split-off point to yield a total of 105,000...
AlMarai processes raw milk into various products. 1,000 Liters of raw milk can be converted for SR 20,000 into 1,000 bottles of 0.5 Liter of Laban and 1,000 bottles of 0.5 Liters of processed milk. A bottle of 0.5 Liter of Laban can be sold at split-off for SR 5 and a bottle of 0.5 Liters of processed milk can be sold for SR 10. AlMarai can process the 1,000 bottles of processed milk into 600 cans of fresh cream...
The Dairy Company produces three products from a joint processes using whole milk: butter, cheese, and cream. The joint costs amount to $24,000 per batch of output. Each batch totals 50,000 liters : 25% butter, 25%cheese, 50% cream . All products are processed further without gain or loss in volume. Separable costs are butter, $0.5 per liter, cheese , $2 per liter, cream ,$0.25 per liter . The selling prices per liter are respectively; $3.50, $6, $4. Required a) How...
Please write in MIC Word AlMarai processes raw milk into various products. 1,000 Liters of raw milk can be converted for SR 20,000 into 1,000 bottles of 0.5 Liter of Laban and 1,000 bottles of 0.5 Liters of processed milk. A bottle of 0.5 Liter of Laban can be sold at split-off for SR 5 and a bottle of 0.5 Liters of processed milk can be sold for SR 10. AlMarai can process the 1,000 bottles of processed milk into...
11) The Great Foods Company processes milk into skim milk and butter. This year 70,000 litres of milk will be processed, costing $40,000. If processed to the split-off point, this will yield 40,000 litres of skim milk and 10,000 kilograms of butter. Skim milk is sold to distributors for $1 per litre and butter is sold for $0.75 per kilogram. Great Foods has the option of processing the two products further. Skim milk can be processed into canned, sweetened and...
Joint Cost Allocation—Market Value at Split-off Method Sugar Sweetheart, Inc., jointly produces raw sugar, granulated sugar, and caster sugar. After the split-off point, raw sugar is immediately sold for $0.20 per pound, while granulated and caster sugar are processed further. The market value of the granulated sugar and caster sugar is estimated to both be $0.25 at the split-off point. One batch of joint production costs $1,640 and yields 3,000 pounds of raw sugar, 3,600 pounds of granulated sugar, and...
Joint Cost Allocation—Market Value at Split-off Method Sugar Sweetheart, Inc., jointly produces raw sugar, granulated sugar, and caster sugar. After the split-off point, raw sugar is immediately sold for $0.20 per pound, while granulated and caster sugar are processed further. The market value of the granulated sugar and caster sugar is estimated to both be $0.25 at the split-off point. One batch of joint production costs $1,640 and yields 3,000 pounds of raw sugar, 3,600 pounds of granulated sugar, and...
Joint Cost Allocation-Market Value at Split-off Method Sugar Sweetheart, Inc., jointly produces raw sugar, granulated sugar, and caster sugar. After the split-off point, raw sugar is immediately sold for $0.20 per pound, while granulated and caster sugar are processed further. The market value of the granulated sugar and caster sugar is estimated to both be $0.25 at the split-off point. One batch of joint production costs $1,640 and yields 3,000 pounds of raw sugar, 3,600 pounds of granulated sugar, and...
The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June: Direct Materials processed: 27,500 gallons (after shrinkage) Production: Butter Cream 12,500 gallons Condensed Milk 15,000 gallons Sales: Butter Cream 12,000 gallons Condensed Milk 14,500 gallons Sales Price: Butter Cream $4.50 per gallon Condensed Milk $8.00 per gallon Separable costs in total: Butter Cream $13,000 Condensed Milk $35,600 The cost of purchasing the of unprocessed milk and...