Calculating Transfer Price and sold to grocery stores for $ 3 5 per batch Jelkin is able to produce 4 0 0 , 0 0 0 batches per year and reports the following costs per batch Required What is the minimum transfer price the puree division manager would accept $ What is the maximum transfer price the finishing division would accept $ Assuming the 4 0 0 , 0 0 0 batches are transferred to the finishing division, compute the operating income for each division using ( a ) market price for the transfer price Round your answers to two decimal places, if necessary i Puree Division Operating Income Jelkin Corporation Puree Division Operating Income blank Per Batch For 4 0 0 , 0 0 0 Batches Sales revenue $fill in the blank $fill in the blank Less Direct material cost fill in the blank fill in the blank Direct labour cost fill in the blank fill in the blank Variable overhead fill in the blank fill in the blank Fixed overhead fill in the blank fill in the blank Total $fill in the blank $fill in the blank Question Content Area ii Finishing Division Operating Income Jelkin Corporation Finishing Division Operating Income blank Per Batch For 4 0 0 , 0 0 0 Batches Sales revenue $fill in the blank $fill in the blank Less Transferred in costs fill in the blank Direct material cost fill in the blank fill in the blank Direct labour cost fill in the blank fill in the blank Variable overhead fill in the blank fill in the blank Fixed overhead fill in the blank fill in the blank Total $fill in the blank $fill in the blank Question Content Area ( b ) full manufacturing cost plus 1 0 percent for the transfer price Round your answers to two decimal places, if necessary i Puree Division Operating Income Jelkin Corporation Puree Division Operating Income blank Per Batch For 4 0 0 , 0 0 0 Batches Sales revenue $fill in the blank $fill in the blank Less Direct material cost fill in the blank fill in the blank Direct labour cost fill in the blank fill in the blank Variable overhead fill in the blank fill in the blank Fixed overhead fill in the blank fill in the blank Total $fill in the blank $fill in the blank Question Content Area ii Finishing Division Operating Income Jelkin Corporation Finishing Division Operating Income blank Per Batch For 4 0 0 , 0 0 0 Batches Sales revenue $fill in the blank $fill in the blank Less Transferred in costs fill in the blank fill in the blank Direct material cost fill in the blank Direct labour cost fill in the blank fill in the blank Variable overhead fill in the blank fill in the blank Fixed overhead fill in the blank fill in the blank Total

Question

Calculating Transfer Price and sold to grocery stores for $ 3 5 per batch  Jelkin is able to produce 4 0 0 , 0 0 0 batches per year and reports the following costs per batch  Required  What is the minimum transfer price the puree division manager would accept  $ What is the maximum transfer price the finishing division would accept  $ Assuming the 4 0 0 , 0 0 0 batches are transferred to the finishing division, compute the operating income for each division using  ( a ) market price for the transfer price  Round your answers to two decimal places, if necessary  i   Puree Division Operating Income  Jelkin Corporation Puree Division Operating Income blank Per Batch For 4 0 0 , 0 0 0 Batches Sales revenue $fill in the blank $fill in the blank Less  Direct material cost fill in the blank fill in the blank Direct labour cost fill in the blank fill in the blank Variable overhead fill in the blank fill in the blank Fixed overhead fill in the blank fill in the blank Total $fill in the blank $fill in the blank Question Content Area ii   Finishing Division Operating Income  Jelkin Corporation Finishing Division Operating Income blank Per Batch For 4 0 0 , 0 0 0 Batches Sales revenue $fill in the blank $fill in the blank Less  Transferred   in costs fill in the blank Direct material cost fill in the blank fill in the blank Direct labour cost fill in the blank fill in the blank Variable overhead fill in the blank fill in the blank Fixed overhead fill in the blank fill in the blank Total $fill in the blank $fill in the blank Question Content Area ( b ) full manufacturing cost plus 1 0 percent for the transfer price  Round your answers to two decimal places, if necessary  i   Puree Division Operating Income  Jelkin Corporation Puree Division Operating Income blank Per Batch For 4 0 0 , 0 0 0 Batches Sales revenue $fill in the blank $fill in the blank Less  Direct material cost fill in the blank fill in the blank Direct labour cost fill in the blank fill in the blank Variable overhead fill in the blank fill in the blank Fixed overhead fill in the blank fill in the blank Total $fill in the blank $fill in the blank Question Content Area ii   Finishing Division Operating Income  Jelkin Corporation Finishing Division Operating Income blank Per Batch For 4 0 0 , 0 0 0 Batches Sales revenue $fill in the blank $fill in the blank Less  Transferred   in costs fill in the blank fill in the blank Direct material cost fill in the blank Direct labour cost fill in the blank fill in the blank Variable overhead fill in the blank fill in the blank Fixed overhead fill in the blank fill in the blank Total

Accepted Answer

The Answer is in the image, click to view ...

Question

Calculating Transfer Price and sold to grocery stores for $ 3 5 per batch. Jelkin is able to produce 4 0 0 , 0 0

Step by Step Solution

Step: 1

Get Instant Access with AI-Powered Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question