Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help me to explain the answers THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 7 THROUGH The Morton Company processes un processed goat milk up to the

help me to explain the answers image text in transcribed
image text in transcribed
THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 7 THROUGH The Morton Company processes un processed goat milk up to the point where we products, condensed goat milk and simpatik result. The information was collected for the month of October Direct Materials processed Production 65.000 gallons ( condensed skim goat milk age was 10% 100 32,400 g S3 Spor $2.50 per Sales goodudi The cost of purchasing the 65.000 gallons of splitoff point to yield a total of SRS gallons of v ery balances of either product wed d i ng up to the product was $72.30. There were no Condensed milk may be processed further to yield 19 S ales the remainder is shrinkage of a medicinal milk product, Xyla, for an additional procesie cost of per wable gallon Xyla can be sold for SIS per gallon Skim goat milk can be processed further to yield 28.100g of additional processing cost per usable gallon of S2 SO. The product e patice cream, for an d for 59 pergallo There are no beginning and ending inventory balances 7. What is the estimated net realizable value of Xyla at the splitoffpoint? ASIK 650 B5252.900 C5292 500 D $351.000 . What is the estimated met realizable value of Xyla at the site ASSO CSN2500 DS351.000 able value of the simplicem What is the estimated t the point ASIK 650 B5252.900 CSI10 D SR5.450 the $72.30 costs would Using estimated t h e value what he allocated Xyla and the skim poate cream A541971 and SM 260 R $44,471 and 527,769 C. $32,796 and $39.444 D. $16.120 and $36,120 XYLA Si Gout Sales Less: Sep cost 2010 520 5 70250 ENRValue S292.500 5475.150 Weighting It costs allocated $72.240.61561473 5720 52759 p ect for 10. Using the sales value at splitof method what is the pros condensed milk at the splitolo ALIS SIS CSIS See e percentage for 11. Using the sales value at splitol method, what is the press skim goat milk at the point? A 21.15 15 C 5.1% D. 329

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Fundamentals Essentials Concepts And Examples

Authors: Steven M. Bragg

7th Edition

1642210846, 978-1642210842

More Books

Students also viewed these Accounting questions