Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative signpreceding the number eg.-45 or parentheses eg. (45).)SpockIncremental profit (loss)Indicate whether each of the three joint products should be sold as is, or processed further.SpockUhuraUhuraSuluSulu Pharoah Minerals processes materials extracted from mines. The most common raw material that it processes results in three jointproducts: Spock, Uhura, and Sulu. Each of these products can be sold as is, or each can be processed further and sold for a higher price.The company incurs joint costs of $182,100 to process one batch of the raw material that produces the three joint products. Thefollowing cost and sales information is available for one batch of each product.SpockUhuraSuluSales Value atSplit-Off Point$209,600299,800455,800AllocatedJoint Costs$40,20060,90081,000Cost to ProcessFurther$109,70084,700250,200Sales Value ofProcessed Product$300,900400,600799,600Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative signpreceding the number eg.-45 or parentheses e.g. (45))

To determine product to be sold at split off point or process further we should compare incremental…

Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative sign preceding the number eg -45 or parentheses es (45)) Incremental profit (loss) Spock Indicate whether each of the three joint products should be sold as is, or processed further. Uhura Spock Sulu Uhura Sulu

Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative sign preceding the number eg -45 or parentheses es (45)) Incremental profit (loss) Spock Indicate whether each of the three joint products should be sold as is, or processed further. Uhura Spock Sulu Uhura Sulu

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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Requirements Dialog content starts 1. Allocate revenue from the sale of each unit of Dynamic Duo to Smarty and Sublime using the following: a. The stand-alone revenue-allocation method based on selling price of each product b. The incremental revenue-allocation method, with Smarty ranked as the primary product c. The incremental revenue-allocation method, with Sublime ranked as the primary product d. The Shapley value method 2. Of the four methods in requirement 1, which one would you recommend for allocating Paris's revenues to Smarty and Sublime? Explain.
Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. Required: a. Assume that only one product is being sold in each of the four following case situations: b. Assume that more than one product is being sold in each of the four following case situations: Complete this question by entering your answers in the tabs below. Required A Required B Assume that only one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.) Units sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit $ Case 1 Case 2 9,400 300,800 $ 406,000 131,600 96,000 $ $ 174,000 116,000 $ 20 $ Case 3 19,200 172,800 213,000 15 Case 4 4,000 $ 108,000 $ 72,000 (36,000)
Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. Required: a. Assume that only one product is being sold in each of the four following case situations: b. Assume that more than one product is being sold in each of the four following case situations: Complete this question by entering your answers in the tabs below. Required A Required B Assume that only one product is being sold in each of the four following case situations: (Loss amounts should be indicat a minus sign.) Units sold Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) Contribution margin per unit Required A Required B Sales Variable expenses Contribution margin $ Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ $ Case 1 8,000 216,000 $ 160,000 56,000 92,000 (36,000) $ 7 $ $ $ Case 2 Case 1 454,000 323,400 65.600 174,000 (12,300) $ 11 $ Assume that more than one product is being sold in each of…
Exercise 11-47 (Algo) Net Realizable Value Method with By-Products (LO 11-7, 10) Butterfly Corp. manufactures products M1 and M2 from a joint process, which also yields a by-product, B1. Butterfly accounts for the revenues from its by-product sales as other income. Additional information follows: M1 24,400 ? M2 13,800 ? Joint cost of product M1 B1 9,600 ? Units produced Allocated joint costs Sales value at split-off $378,000 $252,000 $96,000 Total 47,800 $352,000 $726,000 Required: Assuming that joint product costs are allocated using the net realizable value at split-off approach, what was the joint cost allocated to product M1? (Do not round intermediate calculations.)
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>>>The number of units of one good that trade for one unit of alternative goods can be determined most easily when Top of Form there is one unit of account. the goods are all new. the goods all weigh about the same. the goods are actively traded through barter.
The normal profit Required: What unit value should Royal Decking use for each of its products when applying the lower of cost or market (LCM) rule to units of ending inventory? (Do not round Intermediate calculations. Round final answers to 2 decimal places.)
When the selling division in an Internal transfer can sell every product at Its market price, then the lowest acceptable transter price as far as the seling diion is concened is Multiple Cholce The amount that the purchasing division would have to pay an outslde seller to acquire a similar product for Its use. The fixed cost of producing a unit of product. The market price charged to outside customers. The variable cost of producing a unit of product. Total cost of producing a unit of product.