15. JKL Company processes lumber up to the split-off point where two products (paper and pend 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 October: Production: O Paper Pencil casings • Sales: o Paper O Pencil casings 150,000 sheets 150,000 138,000 at $0.10 per page 145,500 at $0.14 per casing- The cost of purchasing and processing lumber up to the split-off point to yield 150,000 sheets of paper and 150,000 pencil casings is $16,000. What is the total sales value at the split - off point for paper?
15. JKL Company processes lumber up to the split-off point where two products (paper and pend 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 October: Production: O Paper Pencil casings • Sales: o Paper O Pencil casings 150,000 sheets 150,000 138,000 at $0.10 per page 145,500 at $0.14 per casing- The cost of purchasing and processing lumber up to the split-off point to yield 150,000 sheets of paper and 150,000 pencil casings is $16,000. What is the total sales value at the split - off point for paper?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:15. JKL Company processes lumber up to the split-off point where two products (paper and penci
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
October:
Production:
O
o
• Sales:
Paper
Pencil casings
150,000 sheets
150,000
O
Paper
138,000 at $0.10 per page
145,500 at $0.14 per casing -
O Pencil casings
26479
The cost of purchasing and processing lumber up to the split - off point to yield 150,000 sheets of
paper and 150,000 pencil casings is $16,000.
What is the total sales value at the split - off point for paper?
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