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1a. Complete following graph Farm Bred Chicken grows and processes chickens. Cach chicken is disassembled into five main parts. Information pertaining to production in July
1a. Complete following graph
Farm Bred Chicken grows and processes chickens. Cach chicken is disassembled into five main parts. Information pertaining to production in July 2010 is as follows. (Click the icon to view the production formation.) destroyed in a fire. Farm Bred Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance shipment of 60 kilograms of breasts and 10 kilograms of wings has company permits Farm Bred Chicken to use a joint cost allocation method. The splitoff point is assumed to be at the end of the production process Requited X i Production information Wholesale Selling Price per Kil Product of Klogra C oduction Parts 90 0.40 Breasts S g 20 Wings Thighs 0.35 010 Hones 0.05 Feathers Print Done Breasts Wings Thighs Bones Feathers Total Kilograms of product 90 25 35 45 5 Wholesale selling price per kilogram 0.20 S 0.35 $ 0.40 0.10 $ 0.05 Sales value splitoff Weighting: Sales value at splitoff Joint costs allocated Allocated costs per kilogram The cost of the 60 kilograms of breasts is $and the cost of the 10 kilograms of wings is S(Round your answers to the nearest cent.) Requirement 1b. Calculate the cost of the special shipment destroyed using the physical measure method (kilograms of finished product). o assist you. (Round the weights to three decimal places, the allocated costs per kilogram to four decimal places, and the joint costs allocated to the nearest cent.) Complete the table below Total Breasts Wings Thighs Bones Feathers 45 ilograms of product 90 35 5 Weighting: Physical measures Joint costs allocated Allocated costs per kilogram The cost of the 60 kilograms of breasts is $and the cost of the 10 kilograms of wings is S(Round your answers to the nearest cent.) Requirement 2. What joint cost allocation method would you recommend Farm Bred Chicken use? Explain. The method captures the benefits-received criterion of cost allocation and is the preferred method. The costs of processing a chicken are allocated to products in proportion to Farm Bred Chicken's decision to process chicken is heavily influenced by the The provide relatively tew benefnts to Farm Bred Chicken despite their high physical volume. Farm Bred Chicken grows and processes chickens. Cach chicken is disassembled into five main parts. Information pertaining to production in July 2010 is as follows. (Click the icon to view the production formation.) destroyed in a fire. Farm Bred Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance shipment of 60 kilograms of breasts and 10 kilograms of wings has company permits Farm Bred Chicken to use a joint cost allocation method. The splitoff point is assumed to be at the end of the production process Requited X i Production information Wholesale Selling Price per Kil Product of Klogra C oduction Parts 90 0.40 Breasts S g 20 Wings Thighs 0.35 010 Hones 0.05 Feathers Print Done Breasts Wings Thighs Bones Feathers Total Kilograms of product 90 25 35 45 5 Wholesale selling price per kilogram 0.20 S 0.35 $ 0.40 0.10 $ 0.05 Sales value splitoff Weighting: Sales value at splitoff Joint costs allocated Allocated costs per kilogram The cost of the 60 kilograms of breasts is $and the cost of the 10 kilograms of wings is S(Round your answers to the nearest cent.) Requirement 1b. Calculate the cost of the special shipment destroyed using the physical measure method (kilograms of finished product). o assist you. (Round the weights to three decimal places, the allocated costs per kilogram to four decimal places, and the joint costs allocated to the nearest cent.) Complete the table below Total Breasts Wings Thighs Bones Feathers 45 ilograms of product 90 35 5 Weighting: Physical measures Joint costs allocated Allocated costs per kilogram The cost of the 60 kilograms of breasts is $and the cost of the 10 kilograms of wings is S(Round your answers to the nearest cent.) Requirement 2. What joint cost allocation method would you recommend Farm Bred Chicken use? Explain. The method captures the benefits-received criterion of cost allocation and is the preferred method. The costs of processing a chicken are allocated to products in proportion to Farm Bred Chicken's decision to process chicken is heavily influenced by the The provide relatively tew benefnts to Farm Bred Chicken despite their high physical volumeStep by Step Solution
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