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Determine total net income using the results from previous part Net income Computation of Net Income :Incremental profit/(loss) = 29,800 - 11,100 + 10,900 =
Determine total net income using the results from previous part Net income Computation of Net Income :Incremental profit/(loss) = 29,800 - 11,100 + 10,900 = 29,600 is WRONG!
Difference in income = 70,400 - 59,300 = 11,100 is WRONG!
Please is help to answer on (d)
Blossom Inc. produces three separate products from a common process costing $100,300. 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. Cost to Process Further Sales Value at Split-Off Point $59,400 15,000 $100,900 Product 10 Product 12 Product 14 Sales Value after Further Processing $190,100 34,000 215,900 30.100 55,600 149,400 (a) Your answer is correct. Determine total net income if all products are sold at the split-off point. Net income $ $ 29,700 (c) Your answer is correct. 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 eg. (45).) Product Incremental profit (loss) Decision Product 10 $ 29,800 should be processed further Product 12 $ (11,100) Should be sold at the split-off point Product 14 $ TA 10,900 should be processed further e Textbook and Media Attempts: 1 of 3 used (d) Your answer is partially correct. Determine total net income using the results from previous part. Net income 29,600 Is the net income different from that determined in part (b)? Yes net income is higher by $ 11.100 Blossom Inc. produces three separate products from a common process costing $100,300. 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. Cost to Process Further Sales Value at Split-Off Point $59,400 15,000 $100,900 Product 10 Product 12 Product 14 Sales Value after Further Processing $190,100 34,000 215,900 30.100 55,600 149,400 (a) Your answer is correct. Determine total net income if all products are sold at the split-off point. Net income $ $ 29,700 (c) Your answer is correct. 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 eg. (45).) Product Incremental profit (loss) Decision Product 10 $ 29,800 should be processed further Product 12 $ (11,100) Should be sold at the split-off point Product 14 $ TA 10,900 should be processed further e Textbook and Media Attempts: 1 of 3 used (d) Your answer is partially correct. Determine total net income using the results from previous part. Net income 29,600 Is the net income different from that determined in part (b)? Yes net income is higher by $ 11.100Step by Step Solution
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