Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ta table Question 1, E17-21 (similar to) Part 1 of 5 HW Score: 11.43%, 1.71 of 15 points Points: 0 of 1 Save ckens.

image text in transcribed

ta table Question 1, E17-21 (similar to) Part 1 of 5 HW Score: 11.43%, 1.71 of 15 points Points: 0 of 1 Save ckens. Each chicken is disassembled into five main parts. 2020 follows: A special shipment of 40 pounds of breasts and 15 pounds of wings has been destroyed in a fire. Organic Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance company permits Organic Chicken to use a joint-cost-allocation method. The splitoff point is assumed to be at the end of the production process. Read the requirements. Pounds of Parts Product Wholesale Selling Price per Pound When Production is Complete ) Breasts 90 $ 0.60 $40. Wings 25 0.20 Thighs 35 0.35 Bones 45 0.05 Feathers 5 0.05 Print Done special shipment destroyed using the sales value at splitoff method. ound the weighting to three decimal places and the allocated costs per pound to four decimal places. Round all other amounts to the nearest cent.) Wings Thighs Bones Feathers Total 25 35 45 5 200 Wholesale selling price Question 5 per pound $ *Question 6 Sales value at splitoff Weighting: Sales value 0.60 $ $ 54.00 $ 0.20 $ 5.00 $ 0.35 $ 12.25 $ 0.05 $ 2.25 $ 0.05 0.25 $ 73.75 at splitoff Joint costs allocated Allocated costs 0.732 73.2203 0.068 0.166 6.7797 16.6102 0.031 3.0508 0.003 3390 1.000 100.00 per pound .8136 2712 .4746 .0678 .0678

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Understanding And Practice

Authors: Robert Perks

4th Edition

9780077139131

Students also viewed these Accounting questions