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Exercise 7-11 Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Spock, Uhura, and
Exercise 7-11 Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Spock, Uhura, and Sulu. Each of these products can be sold as is, or each can be processed further and sold for a higher price. The company incurs joint costs of $179,600 to process one batch of the raw material that produces the three joint products. The following cost and sales information is available for one batch of each product Sales Value at Allocated Cost to Process Further Sales Value of Processed Product $299,600 400,400 799,900 Split-Off Point Joint Costs Spock Uhura Sulu $210,800 299,100 454,300 $40,100 60,500 79,000 $110,900 85,400 250,800 Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g Spock Uhura Sulu Incremental profit (loss) Indicate whether each of the three joint products should be sold as is, or processed further Spock Uhura Sulu Click if y sold as is process further ow Work for this question: Open Show Work
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