Let's start with the joint cleaning and separation process, which allows for the cotton seed and the lint to be separately identifiable. The following quantities of cotton seed and lint were produced for a total cost (including the raw cotton and processing costs) of $232,000. 435,000 pounds of cotton seed 315,000 pounds of lint (fiber) Both of these products can be sold at this point, or they can be processed further. In their present state, they're worth: $0.13 per pound for cotton seed $0.75 per pound for lint This particular company presses the cotton seed to make oil and uses the lint to make thread. The additional costs and processes generate higher sales values for the final products, as follows. Seed/Oil Lint/Thread Additional cost $21,000 $79,200 Final sales value $84,000 $335,000 (a) (b) Allocate the joint process costs using the NRV method. (Round proportion to 3 decimal places, e.g. 0.251 and final answers to O decimal places, e.g. 5,125.) Share of joint cost $ Seed $ Lint

The Brite Beverage Company bottles soft drinks into aluminum cans. The manufacturing process consists of three activities:i. Mixing: water, sugar, and beverage concentrate are mixed. ii. Filling: mixed beverage is filled into 12-oz. cans. iii. Packaging: properly filled cans are boxed into cardboard “fridge packs.” The activity costs associated with these activities for the period are as follows:Activity CostsMixing $218,000Filling 186,000Packaging 99,000Total 503,000The activity costs do not include materials costs, which are ignored for this analysis. Each can is expected to contain 12 ounces of beverage. Thus, after being filled, each can is automatically weighed. If a can is too light, it is rejected, or “kicked,” from the filling line prior to being packaged. The primary cause of kicks is heat expansion. With heat expansion, the beverage overflows during filling, resulting in underweight cans. This process begins by mixing and filling 6,300,000 cans during the period, of which…

The following question presents hypothetical data concerning transfer of cotton between departments as part of the Cotton On Group's production processes. The textile department produces cotton for use by various other production departments within the Cotton On Group. The costs incurred by the textile department to produce cotton are provided below: Cost per square metre Direct materials $2.10 Direct labour $0.50 Variable overhead $0.25 Fixed overhead $0.15 The textile department can also sell cotton to external customers for $5.00 per square metre. Sales staff from the textile department are paid a sales commission of SO.10 per square metre for sales to external customers. No sales commissions are paid for transfers to internal customers. Required 1. Measure and discuss the internal transfer price for cotton if the general transfer price rule is used in the following situations: 1. The textile department has infinite capacity. 2. The textile department has no spare capacity . 3. The…

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