Current Attempt in ProgressMarigold Bunyon Lumber Co. produces several products that canbe sold at the split-off point or processed further and then sold. Thefollowing results are from a recent period:Sales Value Additionalat Split-off Variable Costs Further ProcessingSales Value afterProduct$160600Green lumber$24800$18540028300125000175000Rough lumberSawdust20100105000133200Which products should be processed further?O All three products.Green lumber and rough lumberO Rough lumber and sawdust.Green lumber and sawdust.)

Answered: Image /qna-images/answer/f1e22d1f-b5dc-4d3f-834d-52eaa799af08.jpg

Answered: Current Attempt in Progress Marigold…

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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Product Pricing and Profit Analysis with Bottleneck Operations Hercules Company produces three grades of steel: high, good, and regular grade. Each of these products (grades) has high demand in the market, and Hercules is able to sell as much as it can produce of all three. The furnace operation is a bottleneck in the process and is running at 100% of capacity. Hercules wants to improve steel operation profitability. The variable conversion cost is $10 per process hour. The fixed cost is $505,000. In addition, the cost analyst was able to determine the following information about the three products: High Grade Good Grade Regular Grade Budgeted units produced 5,000 5,000 5,000 Total process hours per unit 14 12 9 Furnace hours per unit 4 3 5 Unit selling price $274 $233 $245 Direct materials cost per unit $110 $107 $95 The furnace operation is part of the total process for each of these three products. Thus, for example, 4 of…
Current Attempt in Progress Vaughn Corporation sells three different models of a mosquito "zapper." Model A12 sells for $58 and has variable costs of $37. Model B22 sells for $109 and has variable costs of $79. Model C124 sells for $407 and has variable costs of $313. The sales mix of the three models is A12, 56%; B22, 30%; and C124, 14%. What is the weighted-average unit contribution margin? (Round answer to 2 decimal places, e.g. 15.50.) Weighted-Average Unit Contribution Margin
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Sell at Split-Off or Process Further Bozo Inc. manufactures two products from a joint production process. The joint process costs $110,000 and yields 6,000 pounds of LTE compound and 14,000 pounds of HS compound. LTE can be sold at split-off for $55 per pound. HS can be sold at split-off for $11 per pound. A buyer of HS asked Bozo to process HS further into CS compound. If HS were processed further, it would cost $35,700 to turn 14,000 pounds of HS into 4,000 pounds of CS. The CS would sell for $50 per pound. Required: 1. What is the contribution to income from selling the 14,000 pounds of HS at split-off? 2. Conceptual Connection: What is the contribution to income from processing the 14,000 pounds of HS into 4,000 pounds of CS? Should Bozo continue to sell the HS at split-off or process it further into CS? Process it further into CS ✓
Listmann Corporation processes four different products that can either be sold as is or processed further. Listed below are sales and additional cost data: Sales Value with no further Additional Processing Sales Value after further Product Processing Costs processing Premier $ 1,350 $ 900 $ 2,700 Deluxe 450 225 630 Super 900 450 Basic 90 45 1,800 180 Which product(s) should not be processed further?
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