A-One Chicken grows and processes chickens. Each chicken is disassembled into five main parts Information pertaining to production in July 2020 follows: (Click the icon to view the information.) Joint cost of production in July 2020 was $50. Requirement 1a. Compute the cost of the special shipment destroyed using the sales value at splitoff method. Complete the table below to assist you. (Round the weighting to three decimal places and the allocated costs per A special shipment of 70 pounds of breasts and 15 pounds of wings has been destroyed in a fire. A-One Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance company permits A-One Chicken to use a joint-cost-allocation method. The splitoff point is assumed to be at the end of the production process Requirements 1. Compute the cost of the special shipment destroyed using the following a. Sales value at splitoff method b. Physical-measure method (pounds of finished product) 2. What joint-cost-allocation method would you recommend A-One Chicken use? Explain. Breast Wings Thighs Bones Feathers Total 100 20 30 45 5 200 Pounds of product Wholesale selling price per pound $ 0.70 $ 0.25 $ 0.45 $ 0.15 5 0.05 Sales value at splitoff Weighting Sales value at splitoff Joint costs allocated Allocated costs per pound Get more help Print Done Parts Breasts Pounds of Product Wholesale Selling Price per Pound When Production is Complete 100 $ 0.70 Wings 20 0.25 Thighs 30 0.45 Bones 45 0.15 Feathers 5 0.05 er
A-One Chicken grows and processes chickens. Each chicken is disassembled into five main parts Information pertaining to production in July 2020 follows: (Click the icon to view the information.) Joint cost of production in July 2020 was $50. Requirement 1a. Compute the cost of the special shipment destroyed using the sales value at splitoff method. Complete the table below to assist you. (Round the weighting to three decimal places and the allocated costs per A special shipment of 70 pounds of breasts and 15 pounds of wings has been destroyed in a fire. A-One Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance company permits A-One Chicken to use a joint-cost-allocation method. The splitoff point is assumed to be at the end of the production process Requirements 1. Compute the cost of the special shipment destroyed using the following a. Sales value at splitoff method b. Physical-measure method (pounds of finished product) 2. What joint-cost-allocation method would you recommend A-One Chicken use? Explain. Breast Wings Thighs Bones Feathers Total 100 20 30 45 5 200 Pounds of product Wholesale selling price per pound $ 0.70 $ 0.25 $ 0.45 $ 0.15 5 0.05 Sales value at splitoff Weighting Sales value at splitoff Joint costs allocated Allocated costs per pound Get more help Print Done Parts Breasts Pounds of Product Wholesale Selling Price per Pound When Production is Complete 100 $ 0.70 Wings 20 0.25 Thighs 30 0.45 Bones 45 0.15 Feathers 5 0.05 er
Related questions
Question
please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps