Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

assembled into five main parts. Quality Chicken is sheet. Ending inventory amounts on July 31 are 20 is of bones, and 2 pounds of feathers.

image text in transcribed
image text in transcribed
image text in transcribed
assembled into five main parts. Quality Chicken is sheet. Ending inventory amounts on July 31 are 20 is of bones, and 2 pounds of feathers. Quality Chicken's management wants to use the sales explore the effect on ending Inventory values of classify product Click to view information on the sales value at spil i Reference Breast 100 Wings 20 Thighs 40 Bones 80 Feathers Tota 10250 $ $ 0.60 $ 60.00 $ 0.20 $ 4.00 $ 0.40 $ 16.00 $ 0.05 $ 4.00 $ 0.10 1,00 $ 85.00 Pounds of product Wholesale selling price per pound Sales value at splitoff Weighting: Sales Value at splitoff Joint costs allocated Allocated costs per pound 0 0.706 35,30 $ 0.047 2.35 $ 0.188 9.40 $ 0.047 2.35 $ .012 0.60 $ 1.000 50.00 $ 0.3530 $ 0.1175 $ 0.2350 $ 0.0294 $ 0.0600 Print Done er Clear All %E16-22 (similar to) Question Help Quality Chicken grows and process chickens. Each chicken is disa bled into five main parts Quality Chicken is computing the ending invertory values for its July 31, 2017, bere het. Ending inventory amounts on July 31 ore 20 pounds of breasts, pounds of wings. 10 pounds of thighs, pounds of bones, and 2 pounds of feathers uity Chicker's management was to use the value of method. However, management want you to explore the effect on ending invertory values of classing one or more products as a byproduct rather than ajant ut Click to view formation on the wes va prof method) Requirement 1. Assume Quality Chicken classifies alive products as joint products What w e ending inventory values of each product on My 31, 20177 (Round your answers to the nearest contEnter an amount for each product Product Ending Inventory value Wings Thi Feathers www .o nduct on 2017. adh g Requirement 2. A m Quality Chicken uses the production method of accounting for products. What are the bones, and others are byproduct? Begin by selecting the formato call the tools to be allowed. Then the amounts and d i a Joint costs 50.00 Enter any number in the edities and then clickCheck Answer Check Answer 2 MacBook Air Begin by selecting the formulato alculate the joint costs to be located. Then enter the amounts and determine the amount (NRV = Net Rob e Value) - NRV of byproducts wory Joint costs to be allocated 50.00 - $ 9.00 Now use the table below to calculate the located costs per pound for the breasts and this found the weight to three decimal places, the cost to the nearest art and the allocated costs per pound to four de places) Breast Thighs Total Pounds of product Wholesale price per pound Sales value at spot Weighing Sales wie $ S 0.60 $ 0.00 $ 0.40 16.00 aspeto d Joint out o Allocated cost Enter any number in the od ds and then click Check Check Answer MacBook Air aps lock assembled into five main parts. Quality Chicken is sheet. Ending inventory amounts on July 31 are 20 is of bones, and 2 pounds of feathers. Quality Chicken's management wants to use the sales explore the effect on ending Inventory values of classify product Click to view information on the sales value at spil i Reference Breast 100 Wings 20 Thighs 40 Bones 80 Feathers Tota 10250 $ $ 0.60 $ 60.00 $ 0.20 $ 4.00 $ 0.40 $ 16.00 $ 0.05 $ 4.00 $ 0.10 1,00 $ 85.00 Pounds of product Wholesale selling price per pound Sales value at splitoff Weighting: Sales Value at splitoff Joint costs allocated Allocated costs per pound 0 0.706 35,30 $ 0.047 2.35 $ 0.188 9.40 $ 0.047 2.35 $ .012 0.60 $ 1.000 50.00 $ 0.3530 $ 0.1175 $ 0.2350 $ 0.0294 $ 0.0600 Print Done er Clear All %E16-22 (similar to) Question Help Quality Chicken grows and process chickens. Each chicken is disa bled into five main parts Quality Chicken is computing the ending invertory values for its July 31, 2017, bere het. Ending inventory amounts on July 31 ore 20 pounds of breasts, pounds of wings. 10 pounds of thighs, pounds of bones, and 2 pounds of feathers uity Chicker's management was to use the value of method. However, management want you to explore the effect on ending invertory values of classing one or more products as a byproduct rather than ajant ut Click to view formation on the wes va prof method) Requirement 1. Assume Quality Chicken classifies alive products as joint products What w e ending inventory values of each product on My 31, 20177 (Round your answers to the nearest contEnter an amount for each product Product Ending Inventory value Wings Thi Feathers www .o nduct on 2017. adh g Requirement 2. A m Quality Chicken uses the production method of accounting for products. What are the bones, and others are byproduct? Begin by selecting the formato call the tools to be allowed. Then the amounts and d i a Joint costs 50.00 Enter any number in the edities and then clickCheck Answer Check Answer 2 MacBook Air Begin by selecting the formulato alculate the joint costs to be located. Then enter the amounts and determine the amount (NRV = Net Rob e Value) - NRV of byproducts wory Joint costs to be allocated 50.00 - $ 9.00 Now use the table below to calculate the located costs per pound for the breasts and this found the weight to three decimal places, the cost to the nearest art and the allocated costs per pound to four de places) Breast Thighs Total Pounds of product Wholesale price per pound Sales value at spot Weighing Sales wie $ S 0.60 $ 0.00 $ 0.40 16.00 aspeto d Joint out o Allocated cost Enter any number in the od ds and then click Check Check Answer MacBook Air aps lock

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

Auditing Information Systems

Authors: Mario Piattini

1st Edition

1878289756, 9781878289759

More Books

Students also viewed these Accounting questions

Question

What is the preferred personality?

Answered: 1 week ago

Question

What is the relationship between humans?

Answered: 1 week ago