Homework Answers
| Part1 | A | B | C | Total |
| Sale Price | 25 | 30 | 24 | |
| Sale Units | 10,000.00 | 15,000.00 | 12,500.00 | 37,500.00 |
| Sale Value (sales price * sales Value) | 250,000.00 | 450,000.00 | 300,000.00 | 1,000,000.00 |
| Seperable Cost | 125,000.00 | 250,000.00 | 125,000.00 | 500,000.00 |
| Net Realisable Value (sales value -seperable cost) | 125,000.00 | 200,000.00 | 175,000.00 | 500,000.00 |
| Net Realisable Value % | 25% | 40% | 35% | 100% |
| Joint Cost Allocation | 75,000.00 | 120,000.00 | 105,000.00 | 300,000.00 |
| Part2 | A | B | C | Total |
| Units Produced | 10,000.00 | 15,000.00 | 12,500.00 | 37,500.00 |
| % of Units Produced | 27% | 40% | 33% | 100% |
| Joint Cost Allocation | 80,000.00 | 120,000.00 | 100,000.00 | 300,000.00 |
| Part3 | ||||
| Additional Revenue to be Earned ($40-$25)*10000 | 150,000.00 | |||
| Additional Cost To Be incurred for Product A | (170,000.00) | |||
| Additional Profit/ (loss) | (20,000.00) |
Since the addiotnal cost to convert product A to Super A is more than the addtional revenue to be earned , it is not advisabe to start producing Super A
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Kalamata Corporation processes a single material into three separate products A B, and...
REQUIREMENTS A. Determine the amount of joint cost allocated to each product if the NRV method...
REQUIREMENTS
A. Determine the amount of joint cost allocated to each product if
the NRV method is used
B. determine the amount of joint costs allocated to each product if
the physical output method is used
C. There is a new process that could convert Product A into Super
A. Super A sells for $40 per unit. The additional costs of Super A
are $170000. Should Calamata start producing Super A- why or why
not?
PLEASE SHOW UR WORK
Calamata...
Purple Paper Company processes wood pulp into two products. During July the joint costs of processing...
Purple Paper Company processes wood pulp into two products. During July the joint costs of processing were $50,000. Production and sales value information for the month were as follows: Sales Value at Product Kilograms Produced splitoff Point Separable Costs Paper 125,000 $63,000 $221,000 Cardboard 96,000 46,000 262,000 Paper sells for $2.71 a kilogram and cardboard sells for $3.10 a kilogram. There were no beginning or ending inventories for July QUESTION: Determine the amounts to be allocated to paper using...
UU PUNIS) Red Sauce Canning Company processes tomatoes into two joint products: Catsup and Tomato Juice....
UU PUNIS) Red Sauce Canning Company processes tomatoes into two joint products: Catsup and Tomato Juice. During the summer of 2018, the joint costs of processing the tomatoes were $4,200,000. There was no beginning or ending inventories for the summer. Production and sales information for the summer is as follows: Product Catsup Juice Production Units at Splitoff Point 100,000 cases 150,000 cases Separable Costs $300,000 $750,000 Final Sales Units 50,000 cases 100,000 cases Final Selling Price S28 per case 25...
The joint cost of processing all the products were $725,000. The separable costs are not traceable....
The joint cost of processing all the products were $725,000. The separable costs are not traceable. There is no beginning or ending inventory. Product Units 250000 kg 300000 kg 300000 Litres Sales Value at split off point $10/ kg $4.5 per kg $7.5 per Litres Determine the amount allocated to each product if the sales value at split off method is used and compute the cost per appropriate unit for each product.
This is a cost accounting problem. Please show all work. Sugar Cane Company processes sugar beets...
This is a cost accounting problem. Please show all work.
Sugar Cane Company processes sugar beets into three products. During April, the joint costs of processing were $120,000. Production and sales value information for the month were as follows: Product Sugar Sugar Syrup 1 Fructose Syrup Units Produced Splitoft Point leed Sales Value at 6,000 $40,000 4,000 4,000 35,000 2,000 25,000 Separable costs $12.000 32,000 16,000 Required: Determine the amount of joint cost allocated to each product if the sales...
BELOW ARE SOME NOTES THAT MAY HELP FOR THIS COSTING QUESTION Problem 7-48 Joint Products; By-Products...
BELOW ARE SOME NOTES THAT MAY HELP FOR THIS COSTING
QUESTION
Problem 7-48 Joint Products; By-Products (Appendix) [LO 7-6, 7-7] The Marshall Company has a joint production process that produces two joint products and a by-product. The joint products are Ying and Yang, and the by-product is Bit. Marshall accounts for the costs of its products using the net realizable value method. The two joint products are processed beyond the split-off point, incurring separable processing costs. There is a $1,300...
red sauce canning company processes tomatoes Q2. Red Sauce Canning Company processes tomatoes into catsup, tomato...
red sauce canning company processes tomatoes
Q2. Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 2017, the joint costs of processing the tomatoes were $420,000. There was no beginning or ending inventories for the summer. Production and sales value information for the summer is as follows: Sales Value at Separable Split-off Point Costs $6 per case Product Cases Selling Price Catsup Juice 100,000 150,000 200,000 $3.00 per case $28 per case...
The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The...
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...
Taha Compagny produces three products: Product A, Product B, and Product C. During the year the...
Taha Compagny produces three products: Product A, Product B, and Product C. During the year the joint costs of processing the three products were $400,000. Production and sales value information were as follows: Sales Value Product Units at Split-Off Separable Costs Selling Price A 400,000 $20 per unit $ 20 per unit $40 per unit B 400,000 $18 per unit $ 15 per unit $28 per unit C 800,000 $12 per unit $14 per unit $17 per unit a. Allocate the joint costs using the physical output method. b. Allocate the joint costs using the net realizable value method....
Company produces three products: Product A, Product B, and Product C. During the year the...
Company produces three products: Product A, Product B, and Product C. During the year the joint costs of processing the three products were $400,000. Production and sales value information were as follows: Sales Value Product Units at Split-Off Separable Costs Selling Price A 400,000 $20 per unit $ 20 per unit $40 per unit B 400,000 $18 per unit $ 15 per unit $28 per unit C 800,000 $12 per unit $14...
REQUIREMENTS
A. Determine the amount of joint cost allocated to each product if
the NRV method is used
B. determine the amount of joint costs allocated to each product if
the physical output method is used
C. There is a new process that could convert Product A into Super
A. Super A sells for $40 per unit. The additional costs of Super A
are $170000. Should Calamata start producing Super A- why or why
not?
PLEASE SHOW UR WORK
Calamata...
UU PUNIS) Red Sauce Canning Company processes tomatoes into two joint products: Catsup and Tomato Juice. During the summer of 2018, the joint costs of processing the tomatoes were $4,200,000. There was no beginning or ending inventories for the summer. Production and sales information for the summer is as follows: Product Catsup Juice Production Units at Splitoff Point 100,000 cases 150,000 cases Separable Costs $300,000 $750,000 Final Sales Units 50,000 cases 100,000 cases Final Selling Price S28 per case 25...
The joint cost of processing all the products were $725,000. The separable costs are not traceable. There is no beginning or ending inventory. Product Units 250000 kg 300000 kg 300000 Litres Sales Value at split off point $10/ kg $4.5 per kg $7.5 per Litres Determine the amount allocated to each product if the sales value at split off method is used and compute the cost per appropriate unit for each product.
This is a cost accounting problem. Please show all work.
Sugar Cane Company processes sugar beets into three products. During April, the joint costs of processing were $120,000. Production and sales value information for the month were as follows: Product Sugar Sugar Syrup 1 Fructose Syrup Units Produced Splitoft Point leed Sales Value at 6,000 $40,000 4,000 4,000 35,000 2,000 25,000 Separable costs $12.000 32,000 16,000 Required: Determine the amount of joint cost allocated to each product if the sales...
BELOW ARE SOME NOTES THAT MAY HELP FOR THIS COSTING
QUESTION
Problem 7-48 Joint Products; By-Products (Appendix) [LO 7-6, 7-7] The Marshall Company has a joint production process that produces two joint products and a by-product. The joint products are Ying and Yang, and the by-product is Bit. Marshall accounts for the costs of its products using the net realizable value method. The two joint products are processed beyond the split-off point, incurring separable processing costs. There is a $1,300...
red sauce canning company processes tomatoes
Q2. Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 2017, the joint costs of processing the tomatoes were $420,000. There was no beginning or ending inventories for the summer. Production and sales value information for the summer is as follows: Sales Value at Separable Split-off Point Costs $6 per case Product Cases Selling Price Catsup Juice 100,000 150,000 200,000 $3.00 per case $28 per case...
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