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

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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
Transcribed Image Text: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
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