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Requirement 1 d i need help with from the picture SE Flour Company buys 1 input of standard flour and refines it using a special
Requirement d i need help with from the picture
SE Flour Company buys 1 input of standard flour and refines it using a special sifting process to 3 cups of baking flour and 9 cups of bread flour. In May, SE bought 11 ,600 inputs of flour for $88,500. SE spent another $48,300 on the special sifting process. The baking flour can be sold for $3.70 per cup and the bread flour for $4.65 per cup. 1 SE puts the baking flour through a second process so it is super fine. This costs an additional $1 per cup of baking flour and the process yields cup of super-fine baking flour for every one cup of baking flour used. The super-fine baking flour sells for $9.60 per cup. Read the requirements. Final sales value of total production Deduct separable costs Net realizable value at splitoff Weighting Joint costs allocated super-mne Baking Flour 167,040 34,800 132,240 0.2141 29,289 Bread Flour 485,460 485,460 0.7860 107,525 Total 617,700 136,800 Requirement ld. Allocate the $136,800 joint cost to the super-fine baking flour and the bread flour using the constant gross-margin percentage NRV method of joint-cost allocation. (Round the gross margin percentage to two decimal places, X.XX%. Round your answers to the nearest whole dollar.) Super-Fine Baking Flour Bread Flour Total Final sales value of total production Deduct gross margin, using overall gross-margin percentage of sales Total production costs Deduct separable costs Joint costs allocated
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