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please assist on this problem Saved Required information [The following information applies to the questions displayed below.) Georgia Orchards produced a good crop of peaches
please assist on this problem
Saved Required information [The following information applies to the questions displayed below.) Georgia Orchards produced a good crop of peaches this year. After preparing the following income statement, the company is concerned about the net loss on its No. 3 peaches. GEORGIA ORCHARDS Income statement For Year Ended December 31, 2017 No. 1 NO Combined Sales by grade) No. 11 198.000 lbs. @ $2.10/1b $415,800 No. 2: 198,000 lbs. $1.90/10 5376,200 No.3: 990,000 the. $0.20/1b $ 190,000 Total sales $990,000 Coste Tree pruning and care 8 $0.30/1b 59,400 59,400 297,000 415,800 Dicking, sorting, and grading $0.20/1b 39,600 39,600 198,000 277,200 Delivery costs 15,700 15.700 38,200 69.600 Total costs 114.700 114.700 533,200 762.600 Net income (los) $301,100 $261,500 $(335,200) $227,400 In preparing this statement, the company allocated joint costs among the grades on a physical basis as an equal amount per pound. The company's delivery cost records show that $31400 of the $69,600 relates to crating the No. 1 and No. 2 peaches and hauling them to the buyer. The remaining $38.200 of delivery costs is for crating the No. 3 peaches and hauling them to the cannery Required: search o E - % & he 5 3 amounts directly identifiable with each grade. Then allocate any shared delivery costs on the basis of the relative sale grade. (Do not round intermediate calculations.) Tree Pruning and Care: Grade Allocation Base Nos x Indirect Cost Allocated Cost Percent of Allocation Base Numerator Denominator % of Total No. 1 No. 2 No 3 Totals Picking, Sorting, and Grading: Grade Allocation Base x Indirect Cost Allocated Cost Percent of Allocation Base Numerator Denominator % of Total Nos No. 1 No. 2 No 3 Total Allocation Base x Indirect Cost Allocated Cost Delivery Grade Nos No 1 No. 2 Percent of Allocation Base Numerator Denominator % of Total No 3 Totals search o E 08 Step by Step Solution
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