Joint Cost Allocation-Net Realizable Value Method Lily's Lemonade Stand makes three types of lemonade: pure, raspberry, and strawberry. The lemonade is produced through a joint mixing process that costs a total of $30 per batch. One batch produces 32 cups of pure lemonade, 21 cups of strawberry lemonade, and 21 cups of raspberry lemonade. After the split-off point, all three lemonades can be sold for $0.80 per cup, but strawberry and raspberry lemonade can be processed further by adding artificial coloring and flavoring and sold for $0.95 and $1.00 per cup, respectively. It is estimated that these additional processing costs are $0.75 and $1.80 per batch for strawberry and raspberry lemonade, respectively. Allocate the joint costs of production to each product using the net realizable value method. Joint Product Allocation Pure lemonade Strawberry lemonade Raspberry lemonade Totals $

Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match each of the following costs of producing T-shirts with the appropriate classification. Clear All Ink used for screen printing Warehouse rent of $8,000 per month plus $0.50 per square foot of storage used Thread Electricity costs of $0.038 per kilowatt-hour Janitorial costs of $4,000 per month Fixed cost Variable cost Mixed cost

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Determining the Optimal Product Mix with One Constrained Resource and a Sales Constraint Casual Essentials, Inc. manufactures two types of team shirts, the Homerun and the Goalpost, with unit contribution margins of $5 and $15, respectively. Regardless of type, each team shirts must be fed through a stitching machine to affix the appropriate team logo. The firm leases seven machines that each provides 1,000 hours of machine time per year. Each Homerun shirt requires 6 minutes of machine time, and each Goalpost shirt requires 30 minutes of machine time. Assume that a maximum of 49,830 units of each team shirts can be sold. Required: If required, round your answers to the nearest whole number. 1.  What is the contribution margin per hour of machine time for each type of team shirts?   Contribution Margin Homerun $fill in the blank 1 Goalpost $fill in the blank 2 2.  What is the optimal mix of team shirts?   Optimal Mix Homerun fill in the blank 3 units Goalpost fill in…

Star me up Inc. manufactures caffeinated energy drink that sells for $4.80 each. The results for its first year of operations appear in the table below:

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Sibling Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow: (Click the icon to view the price and cost data.) Sibling Furniture has three sales representatives: Ansley, Bryce, and Camara. Ansley sold 110 tables with 4 chairs each. Bryce sold 70 tables with 6 chairs each. Camara sold 100 tables with 8 chairs each Read the requirements. Data table Calculate the total contribution margin for each sales representative. Sales representative: Ansley Bryce Camara Net sales revenue Tables Variable costs Chairs 1,300 $ 780 130 90 18 Contribution margin 9 Now calculate the contribution margin ratio for each sales representative. (Round to two decimal places-the nearest hundred Contribution margin ratio 8:49 PM S 5/20/2022 ? * IDI 16 7 L A @ 2 W S W 3 JL E $ V 4 R F 75 % 5 T G 40 6 Y C- & I 7 hp U 8 J to 144 9 K Sales Price Variable manufacturing costs Sales commission (10%) Print 11 ) () TW A4 P $ Done ENG [ 4 D 1 backspace

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Joint-cost allocation. SW Flour Company buys 1 input of standard flour and refines it using a special sifting process to 3 cups of baking flour and 9 cups of bread flour. In May 2017, SW bought 12,000 inputs of flour for $89,000. SW spent another $47,800 on the special sifting process. The baking flour can be sold for $3.60 per cup and the bread flour for $4.80 per cup. SW puts the baking flour through a second process so it is super fine. This costs an additional $1.00 per cup of baking flour and the process yields ½ cup of super-fine baking flour for every one cup of baking flour used. The super-fine baking flour sells for $9.60 per cup. SW Flour Company has decided that their bread flour may sell better if it was marketed for gourmet baking and sold with infused spices. This would involve additional cost for the spices of $0.80 per cup. Each cup could be sold for $5.50. Q.If SW uses the physical-measure method, what combination of products should SW sell to maximize profits?