Answered step by step
Verified Expert Solution
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
\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 requirementsStep 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