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can you answer it Rose Chemical, Inc., processes pine rosin into three products: turpentine, paint thinner, and spot remover. During May, the joint costs of
can you answer it Rose Chemical, Inc., processes pine rosin into three products: turpentine, paint
thinner, and spot remover. During May, the joint costs of processing were $
Production and sales value information for the month is as follows:
Example of Per Liter Answer: Two decimal points. No comma, space, or $
sign.
Assume company is using physical measures to allocate joint costs. Thus,
Total cost per liter of Turpentine
Total cost per liter of Paint thinner
Total cost per unit of Spot remover
Assume company is using the sales value at split off method to allocate joint costs.
Thus,
Assume sales value at splitoff point are not available. As a result, company is using
the net realizable value NRV method to allocate joint costs. Thus,
Total cost per liter of Turpentine
Total cost per liter of Paint thinner
Total cost per unit of Spot remover
Assume company after additional analysis decided on which products should be sold
at splitoff point and which products should be processed further and sold then in
order to have optimal gross profit.
What would be company's gross profit at optimal decision?
Example of Answer: Round your answer. No decimal point, space, comma, or
$ sign.
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