Sheridan Company gathered the following data about the threeproducts that it produces:Present Estimated AdditionalSales Value Processing Costs if Processed FurtherEstimated SalesProduct$7400$19200$10800A128004400B162009800C142002400Which of the products should not be processed further?O Product CO Products A and COProduct BOProduct A

Incremental Analysis: Incremental analysis refers to the analysis of differential revenue that could…

Answered: Sheridan Company gathered the following…

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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Waterway Industries produces several products that can be sold at the split-off point or processed further and then sold. The following results are from a recent period: Sales Value Additional at Split-off Variable Costs Further Processing Sales Value after Product $24000 $178000 Green lumber $159600 27500 169400 121000 Rough lumber 128400 19300 Sawdust 101000 What is the increase in profit if the appropriate products are processed further? O $23400 O $251000 O $29000 O $94200 2:56 PM 11/10/2019 hp end home ins prt se delete 4 hum ock + backspac
Concord Corporation produces several products that can be sold at the split-off point or processed further and then sold. The following results are from a recent period: Additional Sales Value after Sales Value Product at Split-off Variable Costs Further Processing $186600 $25000 $161600 Green lumber 28500 176400 126000 Rough lumber 134400 20300 106000 Sawdust The additional profit that would result from processing rough lumber further is O $97500. O $21900. O $50400. O $147900. 11
Happy Corp. manufactures Products A, B, C, and D from a joint process. Additional information is as follows: Market If Processed Further Units Value at Additional Market Product Produced Split-Off Costs Value A 6,000 Php 80,000 Php 7,500 Php 90,000 B 5,000 60,000 6,000 70,000 C 4,000 40,000 4,000 50,000 D 3,000 20,000 2,500 30,000 18,000 Php 200,000…
What is the joint cost allocated to product Alt if the company employs physical method? P333,333P316,667P317,333P320,000
Problem 5. Sell-as-is or process further a product-2. Hurricane Corporation produces three products at segregation point, Poh, Taeh, and Toh. These products could be processed further then later sold at higher sales value. The total joint cost in manufacturing these three products was P3 million. The data below were made available by the accounting and production personnel: Taeh 40,000 units P 100 Poh 10,000 units P 80 90 Toh 50,000 units P 200 Production and sales Unit sales price at split-off point 120 18 Unit sales price after further processing Unit variable costs of subsequent process If product Poh is processed further, an equipment shall be rented at a cost of P12,000. To process further product Taeh an outside contractor will be engaged for an amount of P90,000 because the company has no available space and manpower for its subsequent processing. Product Toh could be subsequently processed by using idle machine and manpower time within the company. The total set-up cost of…
Please answer the requirements. Thank you!!
What is the value to be given to product Del? A. P25,000 B. P21,000 C. P24,000 D. P20,000
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?
H
Problem Solving 1. Harry Corporation manufactures Products J, K, L and M from a joint process. Additional information is as follows: Product J K L M Units Produced 6,000 5,000 4,000 3,000 18,000 Market Value at Split - Off P 80,000 60,000 40,000 20,000 P 200,000 If Processed Further Additional Costs P 7,500 6,000 4,000 2,500 P 20,000 Market Value P 90,000 70,000 50,000 30,000 P 240,000 Assuming that total joint costs of P 160,000 were allocated using the market value at spilt-off approach, what joint cost were allocated to each product (J, K, L and M)?
Godo
ats Assume a company has three products-A, B, and C-that emerge from a joint process. The joint processing costs that are incurred up to the split-off point equal $1,200,000. The selling prices and outputs for each product at the split-off point are as follows: Product A B С Selling Price $33 per pound $29 per pound $24 per pound Product A B C Each product can be processed further beyond the split-off point. The additional processing costs for each product and their respective selling prices after further processing are as follows: Output 14,000 pounds 18,000 pounds 19,000 pounds Additional Processing Costs $65,000 $72,000 $88,000 Selling Price $37 per pound $34 per pound $30 per pound The company is trying to decide whether to retain or discontinue the entire joint manufacturing process. What is the financial advantage (disadvantage) of continuing to operate the entire joint manufacturing process?

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