Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Answer part d. If you Answer the part correctly I will give you a Like as feedback thank you! Current Attempt in Progress Stahl Inc.
Answer part d.
Current Attempt in Progress Stahl Inc. produces three separate products from a common process costing $100,000. 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 Value at Split-Off Point Cost to Process Further Sales Value after Further Processing $190,500 35,600 $60,800 $100,900 Product 10 Product 12 Product 14 15.200 30,400 55,600 150,400 214,000 (a) Your answer is correct Determine total net income if all products are sold at the split-off point. Net income $ 31600 (b) Your answer is correct. Determine total net income if all products are sold after further processing. Net income $ 58.400 e Textbook and Media | (c) Your Answer Correct Answer Your answer is partially correct. 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.3.-45 or parentheses e.g. (45).) Product Incremental proht (loss) Decision Product 10 $ 28.800 Should be processed further Product 12 $ 13,000 Should be sold at the split-off point: Product 14 $ 8.000 Should be processed further eTextbook and Media Solution (d) Determine total net income using the results from previous parti Net income $ Is the net income different from that determined in part (b)? net income is 4 by $ e Textbook and Media If you Answer the part correctly I will give you a Like as feedback thank you!
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started