Sheffield Corp. has four product lines: sour cream, ice cream,
yogurt, and butter. The total cost of producing the milk base for
the products is $42000, which has been allocated based on the
gallons of milk base used by each product. Results for July
follow:
Sour Cream | Ice Cream | Yogurt | Butter | Total | |
Units sold | 2000 | 500 | 400 | 2000 | 4900 |
Revenue | $9350 | $18700 | $9350 | $18700 | $56100 |
Variable departmental costs | 5250 | 11500 | 3750 | 4250 | 24750 |
Fixed costs | 5000 | 2000 | 3000 | 7000 | 17000 |
Net income (loss) |
$ (900) |
$ 5200 |
$ 2600 |
$ 7450 |
$14350 |
How much are total joint costs of the products?
a. $17000
b. $41750
c. $24750
d. $14350
Total joint costs = 24,750 + 17,000 = 41,750 Option B is the answer Comment if you face any issues |
|
Sheffield Corp. has four product lines: sour cream, ice cream, yogurt, and butter. The total cost...
Multiple Choice Question 120 Sunland Company has four product lines: sour cream, ice cream, yogurt, and butter The total cost of producing the milk base for the products is $52000, which has been allocated based on the gallons of milk base used by each product. Results for July follow: Sour Cream Ice Cream Yogurt Butter Total Units sold 2000 500 2000 400 4900 Revenue $11050 $22100 $11050 $22100 $66300 Variable departmental 7350 16100 5250 5950 34650 costs Fixed costs 5000...
30. Keith Inc. has 4 product lines: sour cream, ice cream, yogurt, and butter. Demand of individual products is not affected by changes in other product lines. 30% of the fixed costs are direct, and the other 70% are allocated. Results of June follow: Sour Cream Butter Total 200 Ice Cream 500 Yogurt 400 Units sold Revenue Variable departmental 3,100 2,000 $10,000 6,000 $20,000 $60,000 $10,000 4,200 $20,000 13,000 28,000 4,800 costs nd 3,000 $ 8.200 $15.000 Fixed costs 7,000...
Keith Inc. has 4 product lines: sour cream, ice cream, yogurt, and butter. Demand of individual products is not affected by changes in other product lines. 30% of the fixed costs are direct, and the other 70% are allocated. Results of June follow: Ice Cream 500 Units sold Revenue Variable departmental costs Fixed costs Net income (loss) Sour Cream 2,000 $10,000 6,000 5,000 $ (1,000) $20,000 13,000 2,000 $ 5,000 Yogurt 400 $10,000 4,200 3,000 $2,800 Butter 200 $20,000 4,800...
Sheffield Corp. sells MP3 players for $60 each. Variable costs are $50 per unit, and fixed costs total $120000. How many MP3 players must Sheffield sell to earn net income of $280000? 40000. 5600. O 12000 4000. Crane Company manufactures widgets. Bowden Company has approached Crane with a proposal to sell the company widgets at a price of $6500 for 100000 units. Crane is currently making these components in its own factory. The following costs are associated with this part...
Crane Company manufactures widgets. Bowden Company has approached Crane with a proposal to sell the company widgets at a price of $65600 for 100000 units. Crane is currently making these components in its own factory. The following costs are associated with this part of the process when 100000 units are produced: $ 24800 23200 Direct material Direct labor Manufacturing overhead Total 32000 $80000 The manufacturing overhead consists of $12800 of costs that will be eliminated if the components are no...