The cost of purchasing 100 trees and processing them up to

Reference no: EM13599694

Yakima Manufacturing purchases trees from Cheney Lumber and processes them up to the splitoff point where two products (paper and pencil casings) are obtained. The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was collected for the month of November:
Trees processed 100( Yeild is 60,000 sheets of paper 60,000 pencil casing no scrap)
Production:

Pencil casings 60,000
Paper--------- 60,000

Sales:

Pencil casings 60000 at 0.10 per casing
Paper--------- 58,000 at 0.04 per page

The cost of purchasing 100 trees and processing them up to the splitoff point to yield 60,000 sheets of paper and 60,000 pencil casings is $3,000.

Yakima's accounting department reported no beginning inventories and an ending inventory of 2,000 sheets of paper.
If the sales value at splitoff method is used, what is the approximate production cost for each pencil casing?

Reference no: EM13599694

Questions Cloud

During 2010 gordon company issued three hundred 1000 bonds : during 2010 gordon company issued three hundred 1000 bonds at 104 due in 10 years. one detachable stock warrant

Eze is geared to process a hundred garments a day but : eze is geared to process a hundred garments a day but currently is receiving only fifty. how would the economies of the

Chem manufacturing company processes direct materials up to : chem manufacturing company processes direct materials up to the splitoff point where two products x and y are obtained

What is the byproducts net revenue reduction if byproducts : athens company processes 15000 gallons of direct materials to produce two products product x and product y. product x

The cost of purchasing 100 trees and processing them up to : yakima manufacturing purchases trees from cheney lumber and processes them up to the splitoff point where two products

Asume that you are elevating the efficiency of lamprinos : assume that you are elevating the efficiency of lamprinos bill-paying procedures. which accounting method - net cost

Discuss how your understanding of the balance sheet and : assignment 1 application of financial statementstudents will prepare a two to three 2-3 page response to the

Julie has just retired her companys retirement program has : julie has just retired. her companys retirement program has 2 options for how her benefits can be recieved. option 1

Evaluate mamprs approach to linking compensation to : compensation tied to balanced scorecard degree of difficulty of target achievement in the mid-1990s mobile corporations

User Account

All Pages