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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
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 $181,000 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. Spock Uhura Sulu Sales Value at Split-off Point $209,600 299,100 454,500 Allocated Joint Costs $40,600 50,600 79,800 Cost to Process Further $109,600 85,100 250,700 Sales Value of Processed Product $299,900 400,800 799,500 Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) Spock Uhura Sulu Incremental profit (loss) $ $ Indicate whether each of the three Joint products should be sold as is, or processed further. Spock Uhura v Sulu Click He would like to Show Work for this question: Doen Show Work On January 2, 2019, Twilight Hospital purchased a $98,400 special radiology scanner from Bella Inc. The scanner had a useful life of 4 years and was estimated to have no disposal value at the end of its useful life. The straight-line method of depreciation is used on this scanner. Annual operating costs with this scanner are $106,000. Approximately one year later, the hospital is approached by Dyno Technology salesperson, Jacob Culler, who indicated that purchasing the scanner in 2019 from Bella Inc. was a mistake. He points out that Dyno has a scanner that will save Twilight Hospital $25,000 a year in operating expenses over its 3 year useful life. Jacob notes that the new scanner will cost $109,000 and has the same capabilities as the scanner purchased last year. The hospital agrees that both scanners are of equal quality. The new scanner will have no disposal value Jacob agrees to buy the old scanner from Twilight Hospital for $48,000. If Twilight Hospital sells its old scanner on January 2, 2020, compute the gain or loss on the sale, $ Prepare an incremental analysis of Twilight Hospital. (In the first two columns, enter costs and expenses as positive amounts, and any amounts received as negative amounts. In the third columny enter net income increases as positive amounts and decreases as negative amounts, inter negative amounts using either a negative mign preceding the number eg.-45 or parentheses eg. (45).) Net Income Retain Replace Increase Scanner Scanner (Decrease) Annual operating costs New scanner cost Old scanner salvage Total Veronica Mors, a recent graduate of Bell's accounting program, evaluated the operating performance of Dunn Company's six di Veronica made the following presentation to Dus beard sectors and the Party On De mehrerey Division is embed." she said, autotrofits would increase by $26.600 The Other Percy Five Divisions Division Total Ses 11,664,000 $100,000 51.764,000 Cost of goods 78,000 6.900 1,054,900 Crossfit 66,000 23,00 Operating ergens 526,30 49,700 575,000 Net income 1,700 120,000 $132.100 In the Frey Division, conto de 100.000 variable and $86.100, and operating perses are $31.400 and $16,100 vet. None of the Party Deed costs will be the Is Veronica housing Fery Don Peperat port your awe. (Enter negative amounting the negative sige weeding in mor parentes Net Income Increan Continue (Decrease) Se Variablete Cost of goods Operating penses Total variable Contribution margin Net Income Increase (Decrease) Continue Eliminate Sales Variable costs Cost of goods sold Operating expenses Total variable Contribution margin Fixed costs Cost of goods sold Operating expenses Total fixed Net income (loss) Veronica is
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