-..Required informationExhibit 13-7 Santa Maria Wool Cooperative236,000Cost of wool6.Cost of separation process40,000Sales value of intermediate products at split-off point:8Undyed coarse wool125,0009.Undyed fine wool156,00010Undyed superfine wool60,00011 Costs of further processing (dyeing) intermediate products:12Undyed coarse wool50,00013Undyed fine wool60,00014Undyed superfine wool10,00015 Sales value of end products:16Dyed coarse wool170,00017Dyed fine wool207,00018Dyed superfine wool98,000< Prev曲Next >of 3.... . .DELL%24%24%24%24%24%24%24%24%24%24%244- Required informationa. What is the overall profit if all intermediate products are processed into final products?Overall profit from processing all intermediateproductsb. What is the financial advantage (disadvantage) from further processing?from further processing undyed coarse woolfrom further processing undyed fine woolfrom further processing undyed superfine wool< Prev2of 3Next >.... ......I..... .........DOLL

The cost of preparing joint goods for further usage or trade after the manufacturing process's…

4 Exhibit 13-7 Santa Maria Wool Cooperative 236,000 Cost of wool 40,000 Cost of separation process Sales value of intermediate products at split-off point: 2$ 125,000 8 Undyed coarse wool 2$ 156,000 9. Undyed fine wool 2$ 60,000 10 Undyed superfine wool 11 Costs of further processing (dyeing) intermediate products: 24 50,000 12 Undyed coarse wool $ 60,000 13 Undyed fine wool $ 10,000 14 Undyed superfine wool 15 Sales value of end products: 16 Dyed coarse wool 170,000 17 Dyed fine wool 2$ 207,000 18 Dyed superfine wool 98,000 < Prev of 3 Next ........*.... ............. %24 %24 %24 2.

4 Exhibit 13-7 Santa Maria Wool Cooperative 236,000 Cost of wool 40,000 Cost of separation process Sales value of intermediate products at split-off point: 2$ 125,000 8 Undyed coarse wool 2$ 156,000 9. Undyed fine wool 2$ 60,000 10 Undyed superfine wool 11 Costs of further processing (dyeing) intermediate products: 24 50,000 12 Undyed coarse wool $ 60,000 13 Undyed fine wool $ 10,000 14 Undyed superfine wool 15 Sales value of end products: 16 Dyed coarse wool 170,000 17 Dyed fine wool 2$ 207,000 18 Dyed superfine wool 98,000 < Prev of 3 Next ........*.... ............. %24 %24 %24 2.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Problem 9 Comely Products manufactures three products R, S and T, in a joint Process. For every ten kilos of raw materials input, the output is five kilos of R, three kilos of S and two kilos of T. During August, 50,000 kilos of raw materials costing P120,000 were processed and completed, with joint conversion costs of P200,000. Conversion costs are to be allocated to the products on the basis of market values. To make the products saleable, further processing which does not require additional raw materials was done at the following costs: Further processing cost Selling Price Product R P30,000 P10.00 Product S P20,000 P12.00 Product T P30,000 P15.00 Assuming that all units are sold, the gross margin on sales for Product S is
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