Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information is as follows: Quantity at Split-Off Point Yummies 13,400 kilograms Crummies 9,400 kilograms Sales Price per kilogram $7.40 8.90 Joint Cost Cereal $104,000 Required: Use the relative-sales-value method to allocate Breakfasttime Cereal Company's joint production cost between Yummies and Crummies. (Round intermediate calculations of Relative Proportions to 3 decimal places and final answers to the nearest dollar amount.) Yummies Crummies Total Sales Value at Split-off Point Allocation of Joint Cost

Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information is as follows: Quantity at Split-Off Point Yummies 13,400 kilograms Crummies 9,400 kilograms Sales Price per kilogram $7.40 8.90 Joint Cost Cereal $104,000 Required: Use the relative-sales-value method to allocate Breakfasttime Cereal Company's joint production cost between Yummies and Crummies. (Round intermediate calculations of Relative Proportions to 3 decimal places and final answers to the nearest dollar amount.) Yummies Crummies Total Sales Value at Split-off Point Allocation of Joint Cost

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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Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct material. Kin uses 4.8 pounds of the material, Ike uses 2.5 pounds of the material, and Bix uses 6.3 pounds of the material. Selling price per unit and variable costs per unit of each product follow.. Selling price per unit Variable costs per unit Kin $ 165.24 87.00 Contribution margin per pound Ike $ 104.00 82.00 (a) Compute contribution margin per pound of material for each product. (b) If demand is limited, list the three products in the order in which management should produce and meet demand. Bix $ 222.82 151.00 Product Contribution Margin Order in which management should produce and meet demand: Kin Ike Bix
Process or Sell Product J19 is produced for $3.36 per gallon. Product J19 can be sold without additional processing for $4.12 per gallon, or processed further into Product R33 at an additional cost of $0.37 per gallon. Product R33 can be sold for $4.44 per gallon. a. Prepare a differential analysis dated April 30 on whether to sell Product J19 (Alternative 1) or process further into Product R33 (Alternative 2). Round your answers to the nearest cent. If required, use a minus sign to indicate loss. Differential Analysis Sell Product J19 (Alt. 1) or Process Further into Product R33 (Alt. 2) April 30 Process Sell Differential Further into Product J19 Effects Product R33 (Alternative 1) (Alternative 2) (Alternative 2) Revenues, per unit $ Costs, per unit Profit (loss), per unit $ $ b. Should Product J19 be sold (Alternative 1) or processed further into Product R33 (Alternative 2)?
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Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct material. Kin uses 3.4 pounds of the material, Ike uses 2.3 pounds of the material, and Bix uses 5.8 pounds of the material. Selling price per unit and variable costs per unit of each product follow. Selling price per unit Variable costs per unit Kin $ 157.02 105.00 Ike $ 105.16 84.00 Вix $ 219.18 149.00 (a) Compute contribution margin per pound of material for each product. (b) If demand is limited, list the three products in the order in which management should produce and meet demand. Product Contribution Margin Kin Ike Bix Contribution margin per pound Order in which management should produce and meet demand:
LO.3 (Sell or process further) In a joint process, Sylvia's Styles produces precut fabrics for three products: dresses, jackets, and blouses. Joint cost is allocated on the basis of rela- tive sales value at split-off. The company can choose to process each of the products fur- ther rather than sell the fabric at split-off. Information related to these products follows. Dresses Jackets Blouses Total Number of units produced 10,000 16,000 6,000 32,000 Joint cost allocated $174,000 $360,000 Sales values at split-off point $80,000 S600,000 Additional costs of processing further $26,000 $20,000 $78,000 $124,000 Sales values after all processing $300,000 $268,000 $210,000 $778,000 a. What amount of joint cost should be allocated to jackets and blouses? b. What are the sales values at the split-off point for dresses and jackets? c. Should any of the products be processed beyond the split-off point? Show computations. d. If 4,000 jackets are processed further and sold at the regular selling…
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Pau, Inc., which has fixed costs of $88,333, sells two products whose sales price, variable cost per unit, and percentage of sales units are presented in the table below. Product A Product B $ 22 $ 9 40 % Sales Price $ $ 17 Variable Cost Sales Mix 60% How many units of Product B must Pau sell to break even Do not round intermediate calculations. Round your final answer to the nearest whole number.