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Please fill in the boxes with the correct answer. The choices for the second box is (1) product B or (2) products B and D.
Please fill in the boxes with the correct answer. The choices for the second box is (1) product B or (2) products B and D.
The Eden Oil Company buys crude vegetable oil. Refining this oil results in four products at the splitoff point. A, B, C, and D. Product C is fully processed by the splitoff point. Products A, B, and D can individually be further refined into Super A, Super B, and Super D. In the most recent month (December), the output at the splitoff point was as follows (Click the icon to view the information.) Read the requirements. c. Allocate the joint costs using the net realizable value method. Enter the amounts in the table and allocate the joint costs. (Enter the weights to four decimal places.) Net realizable Joint costs value Weighting allocated Super A $ Super B 80,000 40.000 60,000 20,000 200,000 0.4000 $ 0.2000 0.3000 0.1000 1.0000 $ 16,000 8,000 12.000 4,000 40,000 Super D Compute the gross margin percentage using the NRV method to allocate the joint costs. Enter a 0 for any cells with a zero balance. Round the percentages to two decimal places, X XX% Use parentheses or a minus sign when entering negative amounts.) Super A S 250,000 16,000 170,000 64,000 25.60 Super B Super D 00,000 $60,000$ Revenues Joint costs Separable costs Gross margin Gross margin percentage 8,000 60,000 32,000 32.00 25,000 4,000 5,000 16,000 64.00 12,000 $ 48,000$ 80.00Step by Step Solution
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