Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

AOne Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July 2020 follows: please answer ALL

AOne

Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July

2020

follows:

please answer ALL parts

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed \begin{tabular}{|lrr|} \hline Parts & PoundsofProduct & WholesaleSellingPriceperPoundWhenProductionisComplete \\ \hline Breasts & 125$ & 0.70 \\ Wings & 25 & 0.25 \\ Thighs & 35 & 0.30 \\ Bones & 55 & 0.10 \\ Feathers & 10 & 0.10 \\ \hline \end{tabular} 1. Compute the cost of the special shipment destroyed using the following: a. Sales value at splitoff method b. Physical-measure method (pounds of finished product) 2. What joint-cost-allocation method would you recommend A-One Chicken use? Explain. A - One Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July 2020 follows: (Click the icon to view the information.) Joint cost of production in July 2020 was $60. A special shipment of 100 pounds of breasts and 15 pounds of wings has been destroyed in a fire. A - One Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance company permits A - One Chicken to use a joint-cost-allocation method. The splitoff point is assumed to be at the end of the production process. Read the requirements

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

Step: 3

blur-text-image

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

Towards A Strategic Human Resource Management Roles Of HR Audit And Org Culture

Authors: Adel Al Samman

1st Edition

3330653051, 978-3330653054

More Books

Students also viewed these Accounting questions

Question

Bring out the limitations of planning.

Answered: 1 week ago

Question

Why should a business be socially responsible?

Answered: 1 week ago

Question

Discuss the general principles of management given by Henri Fayol

Answered: 1 week ago

Question

Detailed note on the contributions of F.W.Taylor

Answered: 1 week ago

Question

1. Define mass and mediated communication

Answered: 1 week ago