XYZ Manufacturing purchases trees from ABC company and split off point where two products (paper and pencil casings) are obtained. TH products are then sold to an independent company that markets and distributes them to retail outlets. The following information was collected for the month of November: Joint Costs Joint Costs (The cost of purchasing 100 trees and processing them up to the split off point $3,000 Paper Pencil Casings Beginning inventory Production Sales Ending inventory Selling price 60,000 60,000 58,000 60,000 2,000 $0.04 $0.10 Qurstin25 What the ales valae at e pio peint of the penil calag? $4000 ST.500

Ponderosa, Inc., produces wiring harness assemblies used in the production of semi-trailer trucks. The wiring harness assemblies are sold to various truck manufacturers around the world. Projected sales in units for the coming five months are given below. January 10,000 February 10,500 March 13,900 April 16,000 May 18,500 The following data pertain to production policies and manufacturing specifications followed by Ponderosa: Finished goods inventory on January 1 is 900 units. The desired ending inventory for each month is 20 percent of the next month’s sales. The data on materials used are as follows: Direct Material Per-Unit Usage Unit Cost Part #K298 2                $4         Part #C30 3                7         Inventory policy dictates that sufficient materials be on hand at the beginning of the month to satisfy 30 percent of the next month’s production needs. This is exactly the amount of material on hand on January 1. The direct labor used per unit of…

Allison Manufacturing produces a subassembly used in the production of jet aircraft engines. The assembly is sold to engine manufacturers and aircraft maintenance facilities. Projected sales in units for the coming 5 months follow: January 40,000     February 50,000     March 60,000     April 60,000     May 62,000     The following data pertain to production policies and manufacturing specifications followed by Allison Manufacturing: Finished goods inventory on January 1 is 32,000 units, each costing $166.06. The desired ending inventory for each month is 80% of the next month's sales. The data on materials used are as follows: Direct Material Per-Unit Usage DM Unit Cost ($) Metal 10 lbs.   8 Components 6   5 Inventory policy dictates that sufficient materials be on hand at the end of the month to produce 50% of the next month's production needs. This is exactly the amount of material on hand on December 31 of the prior year. The direct labor used per unit of…

Walsh Company manufactured 30,000 units during July. There were no units in inventory on July 1. Costs and expenses for July were as follows: Total Num   Total Cost Number of Units Unit Cost Manufacturing costs:        Variable $660,000   30,000  $22.00  Fixed 300,000  30,000 10.00 Total 960,000     Selling and administrative expenses:       Variable $200,000     Fixed  160,000     Total. $360,000     If the company sells 25,000 units at $75 (units manufactured exceed units sold), prepare an income statement for July using: b. Variable costing