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Exercise 12-10 Flint Inc. produces three separate products from a common process costing $100,200. Each of the products can be sold at the split-off point
Exercise 12-10 Flint Inc. produces three separate products from a common process costing $100,200. 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 Product 10 $59,900 15,500 56,000 Product 12 Sales Value after Further Processing $190,200 34,700 216,000 $100,000 30,900 150,900 Product 14 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. sign preceding the number e.g. -45 or parentheses e.g. (45).) Product Incremental profit (loss) Decision Product 10 Product 12 Product 14 $ 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 $ LINK TO TEXT
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