Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem - Joint Costs and Additional Processing
Good Earth Products produces orange juice and candied orange peels. A 1,000-pound batch of oranges, costing $500, is trans- formed using labor of $50 into 100 pounds of orange peels and 300 pints of juice. The company has determined that the sales value of 100 pounds of peels at the split-off point is $350, and the value of a pint of juice (not pasteurized or bottled) is $0.40. Beyond the split-off point, the cost of sugar-coating and packaging the 100 pounds of peels is $60. The cost of pasteurizing and packaging the 300 pints of juice is $250. A 100-pound box of candied peels is sold to commercial baking companies for $600. Each pint of juice is sold for $1.75.
Required -
a. Allocate joint costs using the relative sales values at the split-off point, and calculate the profit per 100-pound box of sugar-coated peels and the profit per pint of juice. Round to the nearest dollar.
b. What is the incremental benefit (cost) to the company of sugar-coating the peels rather than selling them in their condition at the split-off point?
c. What is the incremental benefit (cost) to the company of pasteurizing and packaging a pint of juice rather than selling the juice at the split-off point?
What are the relative strengths and weaknesses of the different types
Philip Morris purchased Kraft several years ago for approximately $13 billion. Of the $13 billion purchase price, only about $2 billion could be assigned.
x company estimates the following costs for next year customer service 5442 direct materials 4412 factory insurance
Prepare a Schedule of Accounts Receivable and check to see that the total agrees with the Accounts Receivable ledger account.
bossie corporation uses an activity-based costing system with three activity cost pools. the company has provided the
Assume an accounts receivable confirmation is returned with a note to the auditor describing a difference between your client's records and the customer's records. Clearly describe below two potential non-misstatement timing differences that could..
Which is NOT a component of the master budget?
What is budget and what is budget slack? Explain what are the types of budget, if I'm a manager, which budget should I start
Explain What is the new contribution margin per haircut? What is the annual break-even point (in number of haircuts)? Show calculations to support your answer.
1. Income statement preparation On December 31, 2015, Cathy Chen, a self-employed certified public accountant (CPA), completed her first full year in business. During the year, she billed $360,000 for her accounting services. She had two employees, ..
Reflect on the readings for this module as well as those from previous modules when you consider this module's discussion question. In your response, take into account the time constraints on modern businesses in terms of time to market and demand..
Total Product Costs incurred during the period = $48,000. What are the total Period Costs incurred this period
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd