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Delite Confectionary Company produces various types of candies. Several candies could be sold at the split-off point or processed further and sold in a different form after further processing. The candies are produced in a joint processing operation with $550,000 of joint processing costs monthly, which are allocated based on pounds produced. Information concerning this process for a recent month appears below: Candy type Sweet Meats Chocolate Delight Minty Wonders Multiple Choice OOOO $668.213. $575,000 If Chocolate Delight is processed further, the gross profit margin that will appear in a product line income statement for Chocolate Delight would be: Note: Do not round Intermediate calculations. $775.053. Number of pounds 55,000 105,000 30,000 $1079.000. Price per pound at split-off $7 $ 10 $4 Further processing costs $ 120,000 $ 55,000 $ 25,000 Price after processing further $ 10.00 $ 10.80 $ 4.70

Delite Confectionary Company produces various types of candies. Several candies could be sold at the split-off point or processed further and sold in a different form after further processing. The candies are produced in a joint processing operation with $550,000 of joint processing costs monthly, which are allocated based on pounds produced. Information concerning this process for a recent month appears below: Candy type Sweet Meats Chocolate Delight Minty Wonders Multiple Choice OOOO $668.213. $575,000 If Chocolate Delight is processed further, the gross profit margin that will appear in a product line income statement for Chocolate Delight would be: Note: Do not round Intermediate calculations. $775.053. Number of pounds 55,000 105,000 30,000 $1079.000. Price per pound at split-off $7 $ 10 $4 Further processing costs $ 120,000 $ 55,000 $ 25,000 Price after processing further $ 10.00 $ 10.80 $ 4.70

FINANCIAL ACCOUNTING
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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Delite Confectionary Company produces various types of candies. Several candies could be sold at the split-off point or processed further and sold in a different form after further processing. The candies are produced in a joint processing operation with $550,000 of joint processing costs monthly, which are allocated based on pounds produced. Information concerning this process for a recent month appears below: Candy type Sweet Meats Chocolate Delight Minty Wonders Multiple Choice $668,213. O $575,000. O If Chocolate Delight is processed further, the gross profit margin that will appear in a product line income statement for Chocolate Delight would be: Note: Do not round Intermediate calculations. $775,053. Number of pounds 55,000 105,000 30,000 $1,079,000. Price per pound at split-off $7 $ 10 $4 Further processing costs $ 120,000 $ 55,000 $ 25,000 Price after processing further $10.00 $ 10.80 $4.70
Transcribed Image Text:Delite Confectionary Company produces various types of candies. Several candies could be sold at the split-off point or processed further and sold in a different form after further processing. The candies are produced in a joint processing operation with $550,000 of joint processing costs monthly, which are allocated based on pounds produced. Information concerning this process for a recent month appears below: Candy type Sweet Meats Chocolate Delight Minty Wonders Multiple Choice $668,213. O $575,000. O If Chocolate Delight is processed further, the gross profit margin that will appear in a product line income statement for Chocolate Delight would be: Note: Do not round Intermediate calculations. $775,053. Number of pounds 55,000 105,000 30,000 $1,079,000. Price per pound at split-off $7 $ 10 $4 Further processing costs $ 120,000 $ 55,000 $ 25,000 Price after processing further $10.00 $ 10.80 $4.70
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