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Top Notch Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July 2018 is as follows:
Top Notch Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July 2018 is as follows: (Click the icon to view the production information.) Joint cost of production in July 2018 was $70. A special shipment of 50 kilograms of breasts and 5 kilograms of wings has been destroyed in a fire. Top Notch Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance company permits Top Notch Chicken to use a joint cost allocation method. The splitoff point is assumed to be at the end of the production process. Required 30 Requirement 1a. Calculate the cost of the special shipment destroyed using the sales value at splitoff method. Complete the table below to assist you. (Round the weighting to three decimal places and the allocated costs per kilogram to four decimal places. Round all other amounts to the nearest cent.) Breasts Wings Thighs Bones Feathers Total Kilograms of product 120 45 90 15 300 Wholesale selling price per kilogram $ 0.65 $ 0.15 $ 0.35 $ 0.10 $ 0.10 Sales value at splitoff 78 6.75 10.5 9 1.5 105.75 Weighting: Sales value at splitoff Joint costs allocated Allocated costs per kilogram Production information -X Parts Breasts Wings Wholesale Selling Price per Kilograms of Kilogram when Production Product Is Complete 120 $ 0.65 45 0.15 30 0.35 Thighs Bones hl 90 0.10 Feathers 15 0.10 Print Done
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