Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A. Item - Lamb Loin Pieces Weighing 7 lbs 12 OZ Average Weight B. Total Cost $ At $ 4.85 per lb WEIGHT HRI Meats

image text in transcribed

A. Item - Lamb Loin Pieces Weighing 7 lbs 12 OZ Average Weight B. Total Cost $ At $ 4.85 per lb WEIGHT HRI Meats VALUE PER LB RATIO TO TOTAL WEIGHT Breakdown TOTAL VALUE LB OZ lamb grind 1 1 1 bones fat 8 12 8 B. Total Cost of Meat or AP cost D.Value of By Products $1.61 $0.75 $0 E. Deduct value of the by products from the original cost D. By Product Weight & Value Lamb noisettes F. Price per lb of item or EP Cost G. 8 oz portion 4 oz portion E-a Total Purchased weight H. Cost Factor Multiplier 1. a New price per pound is $5.25 I 1.-b The current price per lb or portion will be Fabricated item F. Fabricated Item Weight: Lamb Noisettes 3 8 A. Item - Lamb Loin Pieces Weighing 7 lbs 12 OZ Average Weight B. Total Cost $ At $ 4.85 per lb WEIGHT HRI Meats VALUE PER LB RATIO TO TOTAL WEIGHT Breakdown TOTAL VALUE LB OZ lamb grind 1 1 1 bones fat 8 12 8 B. Total Cost of Meat or AP cost D.Value of By Products $1.61 $0.75 $0 E. Deduct value of the by products from the original cost D. By Product Weight & Value Lamb noisettes F. Price per lb of item or EP Cost G. 8 oz portion 4 oz portion E-a Total Purchased weight H. Cost Factor Multiplier 1. a New price per pound is $5.25 I 1.-b The current price per lb or portion will be Fabricated item F. Fabricated Item Weight: Lamb Noisettes 3 8

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

14th Edition

978-0132960649, 132960648, 132109174, 978-0132109178

More Books

Students also viewed these Accounting questions