The Cacao Butter Edibles Factory manufactures and distributes chocolate products. (Click the icon to view more...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The Cacao Butter Edibles Factory manufactures and distributes chocolate products. (Click the icon to view more information about Cacao Butter.) BXXXO Production and sales data for August 2020 are as follows (assume no beginning inventory) (Click the icon to view the data) Read the requirements. fo Requirement 1. Calculate how the joint costs of $41,000 would be allocated between chocolate powder and milk chocolate under the different methods. a. Sales value at splitoff method. Begin by entering the appropriate amounts to allocate the joint costs. (Round the weighting amounts to four decimal places.) Sales value of total Joint costs production at splitoff Weighting allocated Chocolate powder Milk chocolate Total ues Cocoa beans processed, 15,300 pounds Costs of processing cocoa beans to splitoff point (including purchase of beans), $41,000 Production Chocolate powder Milk chocolate 10,540 pounds Sales 6,200 pounds Selling Price $10 per pound $ Separable Processing Costs 32,516 17,680 pounds 12.000 pounds $12 per pound $ 39,000 nd Cacao Butter Edibles Factory fully processes both of its intermediate products into chocolate powder or milk chocolate There is an active market for these intermediate products In August 2020, Cacao Butter Edibles Factory could have sold the chocolate-powder liquor base for $20 a gallon and the milk-chocolate liquor base for $45 a gallon bun The Cacao Butter Edibles Factory manufactures and distributes chocolate products. (Click the icon to view more information about Cacao Butter.) BXXXO Production and sales data for August 2020 are as follows (assume no beginning inventory) (Click the icon to view the data) Read the requirements. fo Requirement 1. Calculate how the joint costs of $41,000 would be allocated between chocolate powder and milk chocolate under the different methods. a. Sales value at splitoff method. Begin by entering the appropriate amounts to allocate the joint costs. (Round the weighting amounts to four decimal places.) Sales value of total Joint costs production at splitoff Weighting allocated Chocolate powder Milk chocolate Total ues Cocoa beans processed, 15,300 pounds Costs of processing cocoa beans to splitoff point (including purchase of beans), $41,000 Production Chocolate powder Milk chocolate 10,540 pounds Sales 6,200 pounds Selling Price $10 per pound $ Separable Processing Costs 32,516 17,680 pounds 12.000 pounds $12 per pound $ 39,000 nd Cacao Butter Edibles Factory fully processes both of its intermediate products into chocolate powder or milk chocolate There is an active market for these intermediate products In August 2020, Cacao Butter Edibles Factory could have sold the chocolate-powder liquor base for $20 a gallon and the milk-chocolate liquor base for $45 a gallon bun
Expert Answer:
Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 978-0134475585
16th edition
Authors: Srikant M. Datar, Madhav V. Rajan
Posted Date:
Students also viewed these accounting questions
-
4 The height of a firework at a 4th of July celebration can be modeled by a quadratic function Suppose the firework is launched from a platform thre feet off the ground at a velocity of 96 feet per...
-
Beth is a 24-year-old separated mother of a 10-month-old daughter. She called the hotline of the local mental health clinic today because she felt so depressed that she could not get out of bed. Beth...
-
Jurisdiction Mediation Arbitration Summary Judgement Question 8 (2 points) Saved Substantive law: specifies the steps to follow to enforce legal rights. concerns equitable relief only. creates,...
-
Return to Better Mousetraps in Problem 18. Suppose the firm can cut its requirements for working capital in half by using better inventory control systems. By how much will this increase project NPV?...
-
Think about your current organization or one for which you worked in the past. To what extent would a ROWE (Results-Only Work Environment) fit the organizational culture? Explain.
-
Talk to the manufacturing vice president and emphasize the responsibility Chem-Tech has as an industry leader to set an example. Present her with a recommendation that Chem-Tech participate in...
-
(Ratio Computations and Additional Analysis) Carl Sandburg Corporation was formed 5 years ago through a public subscription of common stock. Robert Frost, who owns 15% of the common stock, was one of...
-
The accounts of Aker Moving Company follow with their normal balances as of August 31, 2016. The accounts are listed in no particular order. Common Stock....... $ 53,300 Insurance Expense....... 600...
-
If Investors suffer from cognitive biases, must markets be inefficient? Explain.
-
John R. and Anne L. Miller are married and live at 13071 Sterling Drive, Aitkin, MN 56431. John is a self-employed insurance claims adjuster (business activity code 524290), and Anne is the dietitian...
-
Please help me with the 7 questions..! Let at NID(0, 2 ) if not specified otherwise. 1. Let Xt be a stationary time series with mean and autocovariances k = 0.8 k and X = P10 t=6 Xt/5 (a) Find E(X)....
-
As of June 30, 2012, the bank statement showed an ending balance of \(\$ 13,879.85\). The unadjusted Cash account balance was \(\$ 13,483.75\). The following information is available: 1. Deposit in...
-
An engineering study has developed the following cost data for the production of product A: (1) If the current production level is 1,500 units, what is the incremental cost of producing an additional...
-
On December 1, a group of individuals formed a corporation to establish the Local, a neighborhood weekly newspaper featuring want ads of individuals and advertising of local firms. The free paper...
-
Design an arithmetic circuit with one selection variable S and two n-bit data inputs A and B. The circuit generates the following four arithmetic operations in conjunction with the input carry C in ....
-
For the system you chose for Problems and Exercises 3, complete section 4.0, A-C, Management Issues, of the BPP Report. Why might people sometimes feel that these additional steps in the project plan...
-
NetonBe makes sweaters, which traditionally involved the following steps: dyeing ( i . e . , into 5 different colors ) , knitting of the dyed fabric into three sizes each ( small , medium, and large...
-
1. Which of the four major types of information systems do you think is the most valuable to an organization? 2. How do you critically associate the ideas of business agility and business efficiency...
-
What notations are entered into the Posting Reference column of a ledger account? AppendixLO1
-
Refer to Exercise E-1 and for each of the March transactions identify the journal in which it would be recorded. Assume the company uses a sales journal, purchases journal, cash receipts journal,...
-
Prepare headings for a sales journal like the one in Exhibit E-A.1. Journalize the March transactions shown in Exercise E-1 that should be recorded in the sales journal assuming that the periodic...
Study smarter with the SolutionInn App