PLEASE HELP!!
Exercise 20-10 (Part Level Submission) Stahl Inc. produces three separate products from a common process costing $100,400. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period. Sales Value at Split-Off Point Cost to Process Further Sales Value after Further Processing Product 10 $60,300 $100,200 $190,700 Product 12 15,500 29,600 34,000 Product 14 54,100 149,900 215,200
Please help (:
Part a | Computation of net income at split-off point | |||||
Prodcut 10 | Prodcut 12 | Prodcut 14 | Total | |||
Sales value at split-off point | $60,300 | $15,500 | $54,100 | $1,29,900 | ||
Less:Joint cost | $1,00,400 | |||||
Net Income | $29,500 | |||||
Part b | Computation of net income after further processing | |||||
Prodcut 10 | Prodcut 12 | Prodcut 14 | Total | |||
Sales value after further processing | $1,90,700 | $34,000 | $2,15,200 | $4,39,900 | ||
Less:Joint cost | $1,00,400 | |||||
Less:Additional cost | $1,00,200 | $29,600 | $1,49,900 | $2,79,700 | ||
Net Income | $59,800 | |||||
Part c | Computation of Incremental profit | |||||
Prodcut 10 | Prodcut 12 | Prodcut 14 | ||||
Incremental Revenue | $1,30,400 | $18,500 | $1,61,100 | |||
Less:Incremental costs | $1,00,200 | $29,600 | $1,49,900 | |||
Incremental Profit/(Loss) | $30,200 | -$11,100 | $11,200 | |||
Incremental Profit/(Loss) | Decision | |||||
Prodcut 10 | $30,200 | Sale after Further processing | ||||
Prodcut 12 | -$11,100 | Sales at split-off point | ||||
Prodcut 14 | $11,200 | Sale after Further processing | ||||
Part d | Computation of net income based on Incremental approach | |||||
Prodcut 10 | Prodcut 12 | Prodcut 14 | Total | |||
Incremental Profit/(Loss) | $30,200 | -$11,100 | $11,200 | $30,300 | ||
Less:Joint cost | 100400 | |||||
Net Income | -$70,100 | |||||
Yes the Net income as per partd d is lower than the Net income as per part b by $129,900($70,100+59,800) |
PLEASE HELP!! Exercise 20-10 (Part Level Submission) Stahl Inc. produces three separate products from a common...
Stahl Inc. produces three separate products from a common process costing $100,400. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period. Sales Value at Split-Off Point $60,300 15,500 54,100 Cost to Process Further $100,200 29,600 149,900 Sales Value after Further Processing $190,700 34,000 215,200 Product 10 Product 12 Product 14 Determine total net income...
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Stahl Inc. produces three separate products from a common process costing $100,700. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period. Product 10 Product 12 Product 14 Sales Value at Split-Off Point $60,900 15,700 55,500 Cost to Process Further $100,400 30,800 150,400 Sales Value after Further Processing $189,400 35,900 215,200 Determine total net income...
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Stahl Inc. produces three separate products from a common process costing $100,700. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period. Sales Value at Split-Off Point $59,100 16,000 54,000 Product 10 Product 12 Product 14 Cost to Process Further $100,200 30,500 149,800 Sales Value after Further Processing $189,900 35,000 215,300 Determine total net income...
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Stahl Inc. produces three separate products from a common process costing $100,200. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period. Sales Value at Split-Off Point Cost to Process Further Sales Value after Further Processing Product 10 $61,000 $100,100 $190,000 Product 12 15,000 29,100 34,700 Product 14 54,000 149,800 214,900 Part 1 Determine total...
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Stahl Inc. produces three separate products from a common process costing $100,600. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period. Sales Value at Split-Off Point Cost to Process Further Sales Value after Further Processing Product 10 $59,300 $100,500 $190,500 Product 12 15,600 29,100 34,100 Product 14 54,500 150,700 214,100 Determine total net income...
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