Please solve with Explanation and Do not Give Image Format .Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to thesplit-off point total $350,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products onthe basis of their relative sales value at the split-off point Unit selling prices and total output at the split-off point are as follows:ProductSelling Price$ 16 per pound$8 per pound$25 per gallonProductACEach product can be processed further after the split-off point. Additional processing requires no special facilities. The additionalprocessing costs (per quarter) and unit selling prices after further processing are given below:AdditionalProcessingCosts$ 63,000$ 80,000$36,000Quarterly Output15,000 pounds20,000 pounds4,000 gallonsSelling Price$ 20 per pound$ 13 per pound$ 32 per gallonRequired:1. What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point?2. Based on your analysis in requirement 1, which product or products should be sold at the split-off point and which product orproducts should be processed further?Required 1 Required 2Complete this question by entering your answers in the tabs below.What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point?(Enter "disadvantages" as a negative value.)Financial advantage (disadvantage) of further processingProduct A Product BRequired 2 >Product C

Incremental sales Revenue Product A Product B Product C Sales per unit after further…

Dorsey Company manufactures three products from a common input in a joint processing split-off point total $350,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products the basis of their relative sales value at the split-off point Unit selling prices and total output at the split-off point are as follows: Selling Price $16 per pound $a per pound $25 per gallon Product A C Product A C Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unit selling prices after further processing are given below: Quarterly Output 15,000 pounds 20,000 pounds 4,000 gallons Additional Processing Costs $ 63,000 $ 80,000 $36,000 Selling Price $ 20 per pound $ 13 per pound $ 32 per gallon Required: 1. What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point? 2. Based on your analysis in requirement 1, which product or products should be sold at the split-off point and which product or products should be processed further?

Dorsey Company manufactures three products from a common input in a joint processing split-off point total $350,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products the basis of their relative sales value at the split-off point Unit selling prices and total output at the split-off point are as follows: Selling Price $16 per pound $a per pound $25 per gallon Product A C Product A C Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unit selling prices after further processing are given below: Quarterly Output 15,000 pounds 20,000 pounds 4,000 gallons Additional Processing Costs $ 63,000 $ 80,000 $36,000 Selling Price $ 20 per pound $ 13 per pound $ 32 per gallon Required: 1. What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point? 2. Based on your analysis in requirement 1, which product or products should be sold at the split-off point and which product or products should be processed further?

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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