Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July

2017

is as follows:

Joint cost of production in July

2017 was $70.

Top Notch Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July 2017 is as follows: (Click the icon to view the information.) Joint cost of production in July 2017 was $70. A special shipment of 70 pounds of breasts and 10 pounds of wings has been destroyed in a fire. Top Notch Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance company permits Top Notch Chicken to use a joint-cost-allocation method. The splitoff point is assumed to be at the end of the production process. Read the requirements, Requirement 1a. Compute the cost of the special shipment destroyed using the sales value at splitoff method. Complete the table below to assist you. (Round the weighting to three decimal places and the allocated costs per pound to four decimal places. Round all other amounts to the nearest cent.) Breast Wings Bonos Feathers Total Thighs 30 120 45 90 15 $ 0.40 $ 0.25 $ 0.45 $ 0.05 $ 0.10 Pounds of product Wholesale selling price per pound Sales value at splitoff Weighting: Sales value at splitoff Joint costs allocated Allocated costs per pound Top Notch Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July 2017 is as follows: B (Click the icon to view the information.) Joint cost of production in July 2017 was $70 A special shipment of 70 pounds of breasts and 10 pounds of wings has been destroyed in a fire. Top Notch Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance company permits Top Notch Chicken to use a joint-cost-allocation method. The splitoff point is assumed to be at the end of the production process. Read the requirements, x Requirement 1a. Compute the cost of the special shipment Data table Complete the table below to assist you. (Round the weightin Ints to the nearest cent.) Breast Thi Wings 45 Pounds of Wholesale Selling Price per Pound Product When Production is complete 120 $ 0.40 120 Pounds of product Wholesale selling price 45 0.25 per pound $ 0.40 $ 0.25 S Parts Breast Wings Thighs Bonos Feathers 30 0.45 90 0.05 15 0.10 Sales value at splitoff Weighting: Sales value at splitoff Joint costs allocated Allocated costs per pound II Print Done -- Requirements a. 1. Compute the cost of the special shipment destroyed using the following: Sales value at splitoff method b. Physical-measure method (pounds of finished product) 2. What joint-cost-allocation method would you recommend Top Notch Chicken use? Explain. Print Done