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I would really appreciate the help. The first photo is the entirety of the question, and the second photo is the table for question 1)
I would really appreciate the help.
Manitoba Soy Products (MSP) buys soy beans and processes them into other soy products. Each tonne of soy beans that MSP purchases for $300 can be converted for an additional $170 into 675lbs of soy meal and 100 gallons of soy oil. A pound of soy meal can be sold at splitoff for $1, and soy oil can be sold in bulk for $4 per gallon. MSP can process the 675lbs of soy meal into 775lbs of soy cookies at an additional cost of $360. Each pound of soy cookies can be sold for $2 per pound. The 100 gallons of soy oil can be packaged at a cost of $270 and made into 400 quarts of Soyola. Each quart of Soyola can be sold for $1.15. Required 1. Allocate the joint cost to the cookies and the Soyola using: a. Sales value at splitoff method b. NRV method 2. Should the company have processed each of the products further? What effect does the allocation method have on this decision? Cookies/ Soy Soyolal Soy Meal Oil Total Sales value of total production at splitoff Weighting Joint costs allocated The first photo is the entirety of the question, and the second photo is the table for question 1) a.
Thanks in advance.
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