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 And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter19: Support Department And Joint Cost Allocation

Section: Chapter Questions

Problem 4CMA: Tucariz Company processes Duo into two joint products, Big and Mini. Duo is purchased in...

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