pls answer and explain thanks Determine whether to sell or process further-joint products.E7.23 (LO 4) Excel Bahrat Inc. produces three separate products from a common process costing$100,000. Each of the products can be sold at the split-off point or can be processed further and thensold for a higher price. The cost and selling price data for a recent period are as follows:Product 12Product 14Product 16Sales Value atSplit-Off Point$50,00010,00060,000Cost toProcess Further$100,00030,000150,000Sales Value afterFurther Processing$190,00035,000220,000Instructionsa. Determine the total net income if all products are sold at the split-off point.b. Determine the total net income if all products are sold after further processing.c. Using incremental analysis, determine which products should be sold at the split-off point andwhich should be processed further.d. Determine the total net income using the results from part (c) and explain why the net income isdifferent from that determined in part (b).

Under Incremental Analysis, the product should be --- sold at split off point if Sale Value at Split…

Determine whether to sell or process further—joint products. E7.23 (LO 4) Excel Bahrat Inc. produces three separate products from a comm mmon process costing $100,000. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. The cost and selling price data for a recent period are as follows: Sales Value at Split-Off Point $50,000 10,000 60,000 Cost to Process Further Product 12 Product 14 Product 16 Instructions a. Determine the total net income if all products are sold at the split-off point. b. Determine the total net income if all products are sold after further processing. c. Using incremental analysis, determine which products should be sold at the split-off point and which should be processed further. d Determine the total net income using the results from part (c) and explain why the net income is Sales Value after Further Processing $100,000 30,000 150,000 $190,000 35,000 220,000

Determine whether to sell or process further—joint products. E7.23 (LO 4) Excel Bahrat Inc. produces three separate products from a comm mmon process costing $100,000. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. The cost and selling price data for a recent period are as follows: Sales Value at Split-Off Point $50,000 10,000 60,000 Cost to Process Further Product 12 Product 14 Product 16 Instructions a. Determine the total net income if all products are sold at the split-off point. b. Determine the total net income if all products are sold after further processing. c. Using incremental analysis, determine which products should be sold at the split-off point and which should be processed further. d Determine the total net income using the results from part (c) and explain why the net income is Sales Value after Further Processing $100,000 30,000 150,000 $190,000 35,000 220,000

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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