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6. 1.0points Agnew Chemical Company makes three products, B7, K6, and x9, which are joint products...
Franklin Chemical Company makes three products, B7, K6, and X9, which are joint products from the...
Franklin Chemical Company makes three products, B7, K6, and X9,
which are joint products from the same materials. In a standard
batch of 357,000 pounds of raw materials, the company generates
70,000 pounds of B7, 168,000 pounds of K6, and 119,000 pounds of
X9. A standard batch costs $2,856,000 to produce. The sales prices
per pound are $10, $15, and $20 for B7, K6, and X9,
respectively.
Required
Allocate the joint product cost among the three final products
using weight...
Ferrier Chemical Company makes three products, B7, K6, and X9, which are joint products from the...
Ferrier Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard batch of 150,000 pounds of raw materials, the company generates 35,000 pounds of B7, 75,000 pounds of K6, and 40,000 pounds of X9. A standard batch costs $600,000 to produce. The sales prices per pound are $6, $10, and $16 for B7, K6, and X9, respectively. Required a. Allocate the joint product cost among the three final products using...
need answer for this question Ferrier Chemical Company makes three products, B7, K6, and X9, which...
need answer for this question Ferrier Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard batch of 150,000 pounds of raw materials, the company generates 35,000 pounds of B7, 75,000 pounds of K6, and 40,000 pounds of X9. A standard batch costs $600,000 to produce. The sales prices per pound are $6, $10, and $16 for B7, K6, and X9, respectively. Required Allocate the joint product cost among the...
Ferrier Chemical Company makes three products, B7k6, and X9, which are joint products from the same...
Ferrier Chemical Company makes three products, B7k6, and X9, which are joint products from the same materials. In a standard batch of 150,000 pounds of raw materials, the company generates 35,000 pounds of B7, 75,000 pounds of K6, and 40,000 pounds of X9. A standard batch costs $600,000 to produce. The sales prices per pound are $6, $10, and $16 for B7, K6, and X9, respectively. Required a. Allocate the joint product cost among the three final products using weight...
Help Save & Exit Submit Check my work Production workers for Rooney Manufacturing Company provided 4,200...
Help Save & Exit Submit Check my work Production workers for Rooney Manufacturing Company provided 4,200 hours of labor in January and 3,700 hours in February. The company, whose operation is labor intensive, expects to use 48,100 hours of labor during the year. Rooney paid a $105,820 annual premium on July 1 of the prior year for an insurance policy that covers the manufacturing facility for the following 12 months. Required Based on this information, how much of the insurance...
Alvarez Company makes three joint products, products A, B, and C. For each batch, the materials...
Alvarez Company makes three joint products, products A, B, and C. For each batch, the materials cost is $16,000, direct labor cost is $4,000, and manufacturing overhead is $10,000. From each batch, the company makes 2,000 pounds of A, 1,200 pounds of B, and 800 pounds of C. 1) What are the total joint costs for each batch of the products? 2) Allocate the joint costs to each of the three products. 3) Determine the cost per pound for product...
Walton Chicken Corporation processes and packages chicken for grocery stores. It purchases chickens from farmers and...
Walton Chicken Corporation processes and packages chicken for
grocery stores. It purchases chickens from farmers and processes
them into two different products: chicken drumsticks and chicken
steak. From a standard batch of 23,000 pounds of raw chicken that
costs $15,600, the company produces two parts: 4,000 pounds of
drumsticks and 6,000 pounds of breast for a processing cost of
$3,384. The chicken breast is further processed into 5,200 pounds
of steak for a processing cost of $3,200. The market price...
Martin Chicken Corporation processes and packages chicken for grocery stores. It purchases chickens from farmers and...
Martin Chicken Corporation processes and packages chicken for grocery stores. It purchases chickens from farmers and processes them into two different products: chicken drumsticks and chicken steak. From a standard batch of 12,000 pounds of raw chicken that costs $7,000, the company produces two parts: 2,800 pounds of drumsticks and 4,200 pounds of breast for a processing cost of $2,450. The chicken breast is further processed into 3,200 pounds of steak for a processing cost of $2,000. The market price...
Jordan Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The...
Jordan Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The expected overhead costs for the next fiscal year include the following: Factory manager's salary Factory utility cost Factory supplies Total overhead costs $ 233,300 78,000 27,000 $ 338,300 Jordan uses machine hours as the cost driver to allocate overhead costs. Budgeted machine hours for the products are as follows: 290 Hours 725 Cups Tablecloths Bottles Total machine hours 975 1,990 Required a. Allocate the...
20. The Dynamic Company produced three joint products at a joint cost of $500,000. Two of...
20. The Dynamic Company produced three joint products at a joint cost of $500,000. Two of these products were processed further. Production and sales were as follows: Additional Processing Costs $456,000 Weight Sales nds $884,000 200,000 pounds 272,000 650,000 150,000 pounds If the estimated net realizable value method is used and product Q is accounted for as a main product, ho much of the joint costs would be allocated to product R? A. $222,000 B. S300,000 C, $111,000 D. $105,000
Franklin Chemical Company makes three products, B7, K6, and X9,
which are joint products from the same materials. In a standard
batch of 357,000 pounds of raw materials, the company generates
70,000 pounds of B7, 168,000 pounds of K6, and 119,000 pounds of
X9. A standard batch costs $2,856,000 to produce. The sales prices
per pound are $10, $15, and $20 for B7, K6, and X9,
respectively.
Required
Allocate the joint product cost among the three final products
using weight...
Ferrier Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard batch of 150,000 pounds of raw materials, the company generates 35,000 pounds of B7, 75,000 pounds of K6, and 40,000 pounds of X9. A standard batch costs $600,000 to produce. The sales prices per pound are $6, $10, and $16 for B7, K6, and X9, respectively. Required a. Allocate the joint product cost among the three final products using...
Ferrier Chemical Company makes three products, B7k6, and X9, which are joint products from the same materials. In a standard batch of 150,000 pounds of raw materials, the company generates 35,000 pounds of B7, 75,000 pounds of K6, and 40,000 pounds of X9. A standard batch costs $600,000 to produce. The sales prices per pound are $6, $10, and $16 for B7, K6, and X9, respectively. Required a. Allocate the joint product cost among the three final products using weight...
Help Save & Exit Submit Check my work Production workers for Rooney Manufacturing Company provided 4,200 hours of labor in January and 3,700 hours in February. The company, whose operation is labor intensive, expects to use 48,100 hours of labor during the year. Rooney paid a $105,820 annual premium on July 1 of the prior year for an insurance policy that covers the manufacturing facility for the following 12 months. Required Based on this information, how much of the insurance...
Walton Chicken Corporation processes and packages chicken for
grocery stores. It purchases chickens from farmers and processes
them into two different products: chicken drumsticks and chicken
steak. From a standard batch of 23,000 pounds of raw chicken that
costs $15,600, the company produces two parts: 4,000 pounds of
drumsticks and 6,000 pounds of breast for a processing cost of
$3,384. The chicken breast is further processed into 5,200 pounds
of steak for a processing cost of $3,200. The market price...
Jordan Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The expected overhead costs for the next fiscal year include the following: Factory manager's salary Factory utility cost Factory supplies Total overhead costs $ 233,300 78,000 27,000 $ 338,300 Jordan uses machine hours as the cost driver to allocate overhead costs. Budgeted machine hours for the products are as follows: 290 Hours 725 Cups Tablecloths Bottles Total machine hours 975 1,990 Required a. Allocate the...
20. The Dynamic Company produced three joint products at a joint cost of $500,000. Two of these products were processed further. Production and sales were as follows: Additional Processing Costs $456,000 Weight Sales nds $884,000 200,000 pounds 272,000 650,000 150,000 pounds If the estimated net realizable value method is used and product Q is accounted for as a main product, ho much of the joint costs would be allocated to product R? A. $222,000 B. S300,000 C, $111,000 D. $105,000
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