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& 2 pending X 613 Q5-6.pdf ENSACC613%20Q5-6.pdf Question 5 Galloway Enterprises operates a process that produces...
odl X + ENSA 2 pending x SACC613%20Q5-6.pdf Kitty Enterprises manufactures cat food from a single...
odl X + ENSA 2 pending x SACC613%20Q5-6.pdf Kitty Enterprises manufactures cat food from a single process in Department 1 to produce two main products Chewy and Munch and a by-product Bites. Chewy is processed further in Department 2, Munch in Department 3 and the by-product Bites n Department 4. After allowing for selling expense of 10% and a profit of 10% on sales, the net value of Bites is credited to the joint process in Department 1. Production volumes...
Question 7. A firm produces three items from a single process in batches containing 40 units...
Question
7. A firm produces three items from a
single process in batches containing 40 units A (a by-product), 100
units B, 100 units C. Separable costs and selling prices are:
Joint process costs are $30 000 per batch.
What is the amount of joint costs that would be allocated to B
using the net realisable value method, and treats by-product
revenue as a reduction of the cost of the principal products?
A.
$7000
B.
$7500
C.
$15 000...
Cambridge Company manufactures three main products, L, M, and N, from a joint process. Additional information...
Cambridge Company manufactures three main products, L, M, and N, from a joint process. Additional information for June production activity follows: L M N Total Units produced 60,200 46,000 11,800 118,000 Joint costs ? ? ? $ 456,000 Sales value at split-off $ 426,000 $ 276,000 $ 66,000 $ 768,000 Additional costs if process further $ 94,000 $ 36,000 $ 18,000 $ 148,000 Sale value if processed further $ 544,000 $ 326,000 $ 84,000 $ 954,000 Assuming that the 11,800...
Garrison Co. produces three products — X, Y, and Z — from a joint process. Each...
Garrison Co. produces three products — X, Y, and Z — from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Last year all three products were processed beyond split-off. Joint production costs for the year were $138,000. Sales values and costs needed to evaluate Garrison's production policy follow. Units Sales Value at...
Fletcher Fabrication, Inc., produces three products by a joint production process. Raw materials are put into pr...
Fletcher Fabrication, Inc., produces three products by a joint production process. Raw materials are put into production in Department X, and at the end of processing in this department, three products appear Product A is sold at the split-off point with no further processing. Products B and C require further processing before they are sold, Product B is processed in Department Y, and product C is processed in Department Z. The company uses the estimated net realizable value method of...
Exercise 13-6 Sell or Process Further (LO6) Dorsey Company manufactures three products from a common input...
Exercise 13-6 Sell or Process Further (LO6) Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $350,000 per quarter. The company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product Selling Price Quarterly Output A $16 per pound 15,000 B $8 per...
Cambridge Company manufactures three main products, L, M, and N, from a joint process. Additional information...
Cambridge Company manufactures three main products, L, M, and N, from a joint process. Additional information for June production activity follows: M 67,000 50,000 Units produced Joint costs Sales value at split-off Additional costs if process further Sale value if processed further N 13,000 ? $70,000 $22,000 $88,000 Total 130,000 $ 460,000 $ 780,000 $160,000 $966,000 $430,000 $ 98,000 $548,000 $280,000 $ 40,000 $330,000 Assuming that the 13,000 units of N were processed further and sold for $88,000, what was...
Sell or Process Further Dorsey Company manufactures three products from a common input in a joint...
Sell or Process Further Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $375,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product A B С Selling Price $25 per pound $19 per pound...
n Stahl Inc. produces three separate products from a common process costing $ can be sold...
n Stahl Inc. produces three separate products from a common process costing $ can be sold at the split-off point or can be processed f are cost and selling price data for a recent period. urther and then sold for Sales Value at Split-off Point $60,000 15,000 55,000 Cost to Process Further $100,000 30,000 150,000 Sales Value Product 10 Product 12 Product 14 after Further Processing $190,000 35,000 215,000 Instructions (a) Determine total net income if all products are sold...
Exercise 12-7 Sell or Process Further Decisions (LO12-7] Dorsey Company manufactures three products from a common...
Exercise 12-7 Sell or Process Further Decisions (LO12-7] Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $340,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product A Selling Price $ 18.00 per pound...
odl X + ENSA 2 pending x SACC613%20Q5-6.pdf Kitty Enterprises manufactures cat food from a single process in Department 1 to produce two main products Chewy and Munch and a by-product Bites. Chewy is processed further in Department 2, Munch in Department 3 and the by-product Bites n Department 4. After allowing for selling expense of 10% and a profit of 10% on sales, the net value of Bites is credited to the joint process in Department 1. Production volumes...
Question
7. A firm produces three items from a
single process in batches containing 40 units A (a by-product), 100
units B, 100 units C. Separable costs and selling prices are:
Joint process costs are $30 000 per batch.
What is the amount of joint costs that would be allocated to B
using the net realisable value method, and treats by-product
revenue as a reduction of the cost of the principal products?
A.
$7000
B.
$7500
C.
$15 000...
Fletcher Fabrication, Inc., produces three products by a joint production process. Raw materials are put into production in Department X, and at the end of processing in this department, three products appear Product A is sold at the split-off point with no further processing. Products B and C require further processing before they are sold, Product B is processed in Department Y, and product C is processed in Department Z. The company uses the estimated net realizable value method of...
Cambridge Company manufactures three main products, L, M, and N, from a joint process. Additional information for June production activity follows: M 67,000 50,000 Units produced Joint costs Sales value at split-off Additional costs if process further Sale value if processed further N 13,000 ? $70,000 $22,000 $88,000 Total 130,000 $ 460,000 $ 780,000 $160,000 $966,000 $430,000 $ 98,000 $548,000 $280,000 $ 40,000 $330,000 Assuming that the 13,000 units of N were processed further and sold for $88,000, what was...
Sell or Process Further Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $375,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product A B С Selling Price $25 per pound $19 per pound...
n Stahl Inc. produces three separate products from a common process costing $ can be sold at the split-off point or can be processed f are cost and selling price data for a recent period. urther and then sold for Sales Value at Split-off Point $60,000 15,000 55,000 Cost to Process Further $100,000 30,000 150,000 Sales Value Product 10 Product 12 Product 14 after Further Processing $190,000 35,000 215,000 Instructions (a) Determine total net income if all products are sold...
Exercise 12-7 Sell or Process Further Decisions (LO12-7] Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $340,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product A Selling Price $ 18.00 per pound...
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