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Carl corp. manufactures three products and allocates joint costs at its relative sales value of split-off point. The following joint product cost were incurred for
- Carl corp. manufactures three products and allocates joint costs at its relative sales value of split-off point. The following joint product cost were incurred for the current period.
Raw materials $180,000
Direct labor $120,000
Factory Overhead $200,000
The following production data were provided by Carl corp. for current period:
Product Name Unit Produced SP at SOP Separable Cost Final SP
Milk 10,000 $ 20.00 $ 50,000 $ 24
Flour 20,000 $ 15.00 $ 60,000 $ 18
Butter 30,000 $ 12.50 $ 1000,000 $16
What is the gross profit/unit of Product Isa for the current period?
What is the total gross profit (Loss) for the current period if Carl corp. will correctly process further the proper items?
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