Question
Please urgent, Red Chef Company processes tomatoes into ketchup, tomato juice, and canned tomatoes. During the summer of 2017, the joint costs of processing the
Please urgent, Red Chef Company processes tomatoes into ketchup, tomato juice, and canned tomatoes. During the summer of 2017,
the joint costs of processing the tomatoes were $2,090,000. The company maintains no inventories. Production and sales information for the summer is as follows:
(Click the icon to view the production and sales information.)Determine the amount of joint cost allocated to each product if
Red Chef uses the estimated net realizable value method. What is the cost per case for each product?
Begin by determining the amount of joint cost allocated to each product if
Red Chef uses the estimated net realizable value method. (Round the percentages to the nearest whole number.)
| Final | Total | Net |
| |
| Sales | Separable | Realizable |
| |
Product | Value | Costs | Value | Percentage | |
Ketchup |
|
|
|
| % |
Juice |
|
|
|
| % |
Canned |
|
|
|
| % |
|
| Total | Total |
Joint | Costs | Separable | Product |
Costs | Allocated | Costs | Costs |
|
|
|
|
|
|
|
|
|
|
|
|
What is the cost per case for each product? (Round the cost per case to the nearest cent, $X.XX.)
Product | Cost per case |
Ketchup |
|
Juice |
|
Canned |
|
. x i More Info Product Cases Ketchup 101,000 Sales Value at Splitoff Point Separable Costs $13 per case $7 per case $9 per case $3 per case $3 per case $2 per case Selling Price $34 per case $29 per case $20 per case Juice 170,000 Canned 201,000 Print Done
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