Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 2 1 pts ABC Company is in semiconductor industry and fabrication of silicon-wafer chips splits off two types of memory chips, Standard and
Question 2 1 pts ABC Company is in semiconductor industry and fabrication of silicon-wafer chips splits off two types of memory chips, Standard and Premium. The following information was collected for last quarter of the calendar year: 400 kgs (Both standard and premium chips weigh 20 grams each) Direct materials processed: Production: Standard 13,000 chips Premium 7,400 chips Sales: Standard 12,600 at $190 per chip Premium 7,000 at $240 per chip The cost of purchasing 400 kgs of direct materials and processing it up to the split-off point to yield a total of 20,400 chips of good products was $2,020,000. Beginning inventories totaled 130 chips for Standard and 60 chips for Premium. Ending inventory amounts reflected 130 chips of Standard and 60 chips of Premium. October costs per unit were the same as November. What are the physical-volume proportions for products Standard and Premium, respectively? 63.73% and 36.27% 64.29% and 35.71% 66.33% and 33.67% O 50.00% and 50.00%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started