Required: The joint cost allocated to product M-5 at Sanford Agricultural Chemicals for a given batch is:
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- Exercise 11-42 (Algo) Sell or Process Further: Multiple Choice (LO 11-9) Oak View Chemicals produces two main products, M-10 and M-20, and one by-product, B-60, from a single input, Chem-X. Products M-10 and M-20 can either be sold at split-off or processed further and sold. A given batch begins with 1,280 gallons of Chem-X with a cost of $115,200. Additional information regarding a batch follows. If Processed Further Product Units Produced Unit Sales Value at Split-off Additional Costs (Per Unit) Sales Value (Per Unit) M-10 28,160 $ 20.00 $ 16.00 $ 20.00 M-20 17,920 $ 24.00 $ 4.00 $ 44.00 B-60 6,400 $ 0.50 NA NA Oak View Chemicals uses the physical quantities method to allocate joint costs and the revenues from by-products are credited to joint costs. Required: Under these assumptions, the following product(s) should be processed further and then sold: Multiple Choice M-20 M-10 Cannot tell from the…Sunland Inc. produces three separate products from a common process costing $100,100. Each of the products can be sold at the split- off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period. Product 10 Product 12 Product 14 (c) Product Your answer is partially correct. Product 10 Product 12 Product 14 $ Sales Value at Split-Off Point $59,700 $ 15,800 $ 55,400 Calculate incremental profit/(loss) and determine which products should be sold at the split-off point and which should be processed further. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Incremental profit (loss) Cost to Process Further eTextbook and Media $100,100 30,800 149,700 Sales Value after Further Processing $191,000 34,700 Decision 214,000 Should be processed further Should be sold at the split-off point Should be processed further Assistance UsedBlossom Inc. produces three separate products from a common process costing $100,300. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period. Sales Valueat Split-OffPoint Cost toProcessFurther Sales Valueafter FurtherProcessing Product 10 $59,400 $100,900 $190,100 Product 12 15,000 30,100 34,000 Product 14 55,600 149,400 215,900 Determine total net income if all products are sold at the split-off point. Net income
- Problem 7: How much joint cost is allocated to Product X if joint cost is allocated using the market value method? * SAMCIS Company produces three products (X, Y, and Z) in a joint process costing P100,000. The products can be sold as they leave the process, or they can be processed further and sold. The cost accountant has provided you with the following information: Sales Price After Further Processing Separable Further Processing Costs P60,000 50,000 Sales Price Product Unit Volume at Split-Off P25 30 35\ P10 3,000 4,000 8,000 Y. 15 20 90,000 Assume that all processing costs are variable costsRequired information M6-17, M6-18, M6-19 (Algo) Analyzing Multiproduct CVP [LO 6-6] [The following information applies to the questions displayed below.] Edgewater Enterprises manufactures two products. Information follows: Sales price Variable cost per unit Product mix M6-17 [LO 6-6] Product A $ 12.50 $ 6.25 40% Weighted average CM Product B $ 15.75 Required: Calculate Edgewater's weighted-average contribution margin per unit. Note: Round your intermediate calculations and final answer to 2 decimal places. per unit $6.95 60%Oak View Chemicals produces two main products. M-10 and M-20, and one by-product, B-60, from a single input. Chem-X. Products M-10 and M-20 can either be sold at split-off or processed further and sold. A given batch begins with 1,000 gallons of Chem-X with a cost of $90,000. Additional information regarding a batch follows. Oak View Chemicals uses the net realizable at split-off approach to allocate joint costs and treats the sales value of the by-product B-60 as other income. If processed further Product Units produced Units sales value at split off Additional Cost(per unit) Sales value(per unit) M-10 20000 $ 5.00 $ 2.00 $ 6.00 M-20 14000 $ 10.00 $ 4.00 $ 16.00 B-60 5000 $ 0.50 NA NA Required The joint cost allocated to product M-10 at Oak View…
- Sanford Agricultural Chemicals (SAC) produces two main products, M-4 and M-5, and one by-product, BYP, from a single input, Gen-10. Products M-4 and M-5 can either be sold at split-off or processed further and sold. A given batch begins with 2,700 pounds of Gen-10 with a cost of $170,000. Additional information regarding a batch follows: Product M-4 M-5 BYP Units Produced 30,000 37,800 5,000 Unit Sales Value at Split-off $10.25 19.50 0.90 If Processed Additional Costs (Per Unit) $4.30 9.50 ΝΑ Further Sales Value (Per Unit) $17.50 29.50 ΝΑ Sanford Agricultural Chemicals uses the physical quantities method to allocate joint costs and the revenues from by-products are credited to joint costs. Required: Under these assumptions, the following product(s) should be processed further and then sold:Stahl Inc. produces three separate products from a common process costing $100,300. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period. Sales Valueat Split-OffPoint Cost toProcessFurther Sales Valueafter FurtherProcessing Product 10 $59,400 $100,900 $190,100 Product 12 15,000 30,100 34,000 Product 14 55,600 149,400 215,900Oak View Chemicals produces two main products. M-10 and M-20, and one by-product, B-60, from a single input. Chem-X. Products M-10 and M-20 can either be sold at split-off or processed further and sold. A given batch begins with 1,000 gallons of Chem-X with a cost of $90,000. Additional information regarding a batch follows. If processed further Product Units produced Units sales value at split off Additional Cost(per unit) Sales value(per unit) M-10 20000 $ 5.00 $ 2.00 $ 6.00 M-20 14000 $ 10.00 $ 4.00 $ 16.00 B-60 5000 $ 0.50 NA NA Oak View Chemicals uses the net realizable at split-off approach to allocate joint costs and treats the sales value of the by-product B-60 as other income. Required Under these assumptions, the following product(s) should be…
- Stahl Inc. produces three separate products from a common process costing $100,800. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period. Sales Valueat Split-OffPoint Cost toProcessFurther Sales Valueafter FurtherProcessing Product 10 $60,400 $100,600 $190,000 Product 12 15,600 30,100 35,400 Product 14 55,500 150,800 214,500 Determine total net income if all products are sold at the split-off point. Net income $ eTextbook and Media Determine total net income if all products are sold after further processing. Net income $ eTextbook and Media Calculate incremental profit/(loss) and determine which products should be…5.Arthur Corp. manufactures liquid chemicals A and B from a joint process. Joint costs are allocated on the basis of relative market value at split-off. It costs P4,560 to process 500 gallons of Product A and 1,000 gallons of Product B to the split-off point. The market value at split-off is P10 per gallon for Product A and P14 for Product B. Product B requires an additional process beyond split-off at a cost of P2 per gallon before it can be sold. What is Arthur's cost to produce 1,000 gallons of Product B? 6.The portion of joint cost allocated to Product A isOak View Chemicals produces two main products, M-10 and M-20, and one by-product, B-60, from a single input, Chem-X. Products M-10 and M-20 can either be sold at split-off or processed further and sold. A given batch begins with 1,000 gallons of Chem-X with a cost of $90,000. Additional information regarding a batch follows. If Processed Further Product Units Produced Unit Sales Value at Split-off Additional Costs (Per Unit) Sales Value (Per Unit) M-10 22,000 $ 5.00 $ 2.00 $ 6.00 M-20 14,000 $ 10.00 $ 4.00 $ 16.00 B-60 5,000 $ 0.50 NA NA Oak View Chemicals uses the physical quantities method to allocate joint costs and the revenues from by-products are credited to joint costs. Required: Under these assumptions, the following product(s) should be processed further and then sold: