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Cost Accounting: Really having trouble doing this question. Part 1 of 11 Points: 0 of 5 Save In The Northern Oil Company buys crude vegetable
Cost Accounting: Really having trouble doing this question.
Part 1 of 11 Points: 0 of 5 Save In The Northern Oil Company buys crude vegetable oil Refining this oil results in four products at the splitoff point. A, B, C, and D. Product C is fully processed by the splitoff point. Products A, B, and can individually be further refined into Super A, Super B, and Super D. In the most recent month (December), the output at the ue splitoff point was as follows: Click the icon to view the information) Read the requirements. 1:2 5) Requirement 1. Computo the grou-margin perontage for each product sold in December, using the different methods for allocating the $96,000 joint costs. a. Salon Value at Splitol Bogin by entering the amounts in the table and allocate the joint costs. (Enter the weights to four doormal places) Sales value of total Joint costs production at splitoft Weighting 84000 72000 allocated A B 3224 Copyr c 24000 60000 D 240000 Requirement 1. Compute the gross-margin percentage for each product sold in December, using the different methods for allocating the $96,000 joint coste a. Sales Value at Splitoff. Begin by entering the amounts in the table and allocate the joint costs. (Enter the weights to four decimal places.) Sales value of total Joint costs production at splitoft Weighting allocated 84000 A 72000 B 24000 D 60000 240000 The Northern Of Company buys crude vegetable oil. Refining this oil results in four products at the splitoff point. A, B, C, and D. Product C is fully processed by the splitoff point. Products A, B, and can individually be further refined into Super A, Super B, and Super D. In the most recent month (December), the output at the splitoff point was as follows: (Click the loon to view the information) Read the requirements Requirement 1. Compute the gross-margin percentage for each product sold in December, using the different methods for allocating the $96,000 joint costs. a. Sales Value at Splitoff. Begin by entering the amounts in the table and alocate the joint costs. (Enter the weights to four decimal places.) Sales value of total Joint costs production at splitoft Weighting allocated 84000 72000 26 B 24000 60000 D 240000 - Requirements 1. Compute the gross-margin percentage for each product sold in December, using the following methods for allocating the $96,000 joint costs: a. Sales value at splitoff b. Physical measure c. NRV 2. Could Northern have increased its December operating income by making different decisions about the further processing of products A, B, or D? Show the effect on operating income of any changes you recommend. Print Done More info - X . . Product A, 322,400 gallons Product B, 119,600 gallons Product C, 52,000 gallons Product D, 26,000 gallons . The joint costs of purchasing and processing the crude vegetable oil were $96,000. Northern had no beginning or ending inventories, Sales of product C in December were $24,000. Products A, B, and D were further refined and then sold. Data related to December are as follows: Separable Processing Costs to Make Super Products Revenues Super A $ 249,600 $ 320,000 Super B 102,400 160,000 Super D 152,000 160,000 Northern had the option of selling products A, B, and D at the splitoff point. This alternative would have yielded the following revenues for the December production: Product A, $84,000 Product B, $72,000 Product D, $60,000 Step by Step Solution
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