Mizzou mining company mines an iron ore called alpha during

Assignment Help Accounting Basics

Reference no: EM13599081

Mizzou Mining Company mines an iron ore called Alpha. During the month of December, 400,000 tons of Alpha were mined and processed at a cost of $742,500. As the Alpha ore is mined, it is processed into Delta and Pi, where 60% of the Alpha output becomes Delta and 40% becomes Pi. Each product can be sold as is or processed into the refined products Super Delta and Precision Pi. Selling prices for these products are:

	Delta	Super Delta	Pi	Precision Pi
Selling price	$7/ton	$15/ton	$12/ton	$24/ton

Processing costs to refine Delta into Super Delta are $2,400,000: processing costs to refine Pi into Precision Pi are $1,600,000.

Requirement 1:

(a)	What would be the incremental profit or loss per unit if Delta is refined into Super Delta? (Input the amount as positive value. Omit the "$" sign in your response.)

Incremental

(b)	What would be the incremental profit or loss per unit if Pi is refined into Precision Pi? (Omit the "$" sign in your response.)

Reference no: EM13599081

Questions Cloud

Miller has asked managers to submit an estimate of the : miller has asked managers to submit an estimate of the production space occupied by their respective product lines.

Sanilac county has a lease on a lawn mower for 2500 per : sanilac county has a lease on a lawn mower for 2500 per month and .02 per minute of operation. operating costs for fuel

What would be the impact on the companys overall profit : humes corporation makes a range of products. the companys predetermined overhead rate is 17 per direct labor-hour which

For nearly 20 years custom coatings has provided painting : for nearly 20 years custom coatings has provided painting and galvanizing services for manufacturers in its region.

Mizzou mining company mines an iron ore called alpha during : mizzou mining company mines an iron ore called alpha. during the month of december 400000 tons of alpha were mined and

Keynessian theory of income determination to explain in : to explain in detail keynes view on income determination. that is to account for income determination using the

Rainbow cruises operates a week-long cruise tour through : rainbow cruises operates a week-long cruise tour through the hawaiian islands. passengers currently pay 1800 for a

On january 10 2010 shore company purchased a block of these : ship corporation had outstanding 100000 shares of no-par common stock. on january 10 2010 shore company purchased a

Her department has had a history of not keeping enough : her department has had a history of not keeping enough inventory on hand to meet demand. she has come to you very angry

User Account

All Pages