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Concord Inc. produces three separate products from a common process costing $100,100. Each of the products can be sold at the split-off point or can
Concord Inc. produces three separate products from a common process costing $100,100. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period.
Sales Value at Split-Off Point | Cost to Process Further | Sales Value after Further Processing | |||||||||||
Product 10 | $61,000 | $101,000 | $189,700 | ||||||||||
Product 12 | 15,200 | 29,600 | 34,700 | ||||||||||
Product 14 | 54,800 | 149,700 | 214,900 |
Determine total net income if all products are sold at the split-off point. Net income $ LINK TO TEXT Determine total net income if all products are sold after further processing. Net income $ LINK TO TEXT Calculate incremental profit/(loss) and determine which products should be sold at the split-off point and which should be processed further. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Product Incremental profit (loss) Decision Product 10 $ Product 12 Product 14 TA LINK TO TEXT Determine total net income using the results from previous part. Net income Is the net income different from that determined in part (b)? net income is by $
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