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Choice Chioren grows and processes chioens. Each chicken is disassembled into five main parts. Information Aspecial shipment of 60 pounds of breasts and 15 pounds of wings has been destroyed in a fre Choice Chices insurance policy provides reimbursement for the cost of the tems destroyed The insurance company permts Choice Chicken to use a joint-cost-alocation method. The spitof point is assumed to be at the end of he production process. Read the ta M (Cick the icon to view the intormation) Joint cost of production in aay 2020 was S50 Requirement ta. Compute the cost of the special shipment destroyed using the sales value at spitot method Complete the tabie below to assist you. (Round the weighting to three decimal places and the alocated costs per pound to four decimal places. Round al other amounts to the nearest cent) Breast Wings Thighs lones Feathers Total Pounds of product 100 20 30 45 Wholesae seing price per pound 045 025 035 0 05 S 0.05 Requirements Sales value at spitot Weighting Se value 1. Compute the cost of the special shpment detroyed using the folowing A Sales value at spitot method D. Physicalmeasure method poundi of tnshed product 2. What joint-cost-alocation method would you recommend Choice Chicken use? Expiain at spito Joint costs alocated Alocated costs per pound Print Done

Choice Chioren grows and processes chioens. Each chicken is disassembled into five main parts. Information Aspecial shipment of 60 pounds of breasts and 15 pounds of wings has been destroyed in a fre Choice Chices insurance policy provides reimbursement for the cost of the tems destroyed The insurance company permts Choice Chicken to use a joint-cost-alocation method. The spitof point is assumed to be at the end of he production process. Read the ta M (Cick the icon to view the intormation) Joint cost of production in aay 2020 was S50 Requirement ta. Compute the cost of the special shipment destroyed using the sales value at spitot method Complete the tabie below to assist you. (Round the weighting to three decimal places and the alocated costs per pound to four decimal places. Round al other amounts to the nearest cent) Breast Wings Thighs lones Feathers Total Pounds of product 100 20 30 45 Wholesae seing price per pound 045 025 035 0 05 S 0.05 Requirements Sales value at spitot Weighting Se value 1. Compute the cost of the special shpment detroyed using the folowing A Sales value at spitot method D. Physicalmeasure method poundi of tnshed product 2. What joint-cost-alocation method would you recommend Choice Chicken use? Expiain at spito Joint costs alocated Alocated costs per pound Print Done

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter2: Accounting For Materials
Section: Chapter Questions
Problem 15P: One of the tennis rackets that Ace Sporting Goods manufactures is a titanium model (Slam) that sells...
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Choice Chicen grows and processes chioens. Each chicken is disassembled into five main parts. Information Aspecial shipment of 60 pounds of breasts and 15 pounds of wings has been detroyed in a fire. Choice Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance company permits Choice Chicken to use a joint-cost-allocation method The spitoff point is assumed to be at the end of he production process. Read the esuitements E(Cick the icon to view the information) Joint cost of production in July 2020 was 550 Requirement ta. Compute the cost of the special shipment destroyed using the sales value at spitoff method Complete the table below to assist you. (Round the weighting to three decimal piaces and the allocated costs per pound to four decimal places. Round all other amounts to the nearest cent) Breast Wings Thighs Bones Feathers Total Pounds of product 5[ 100 20 30 45 Wholesale seling prioe per pound 045 S 025 S 0.35 S 0 05 S 0.05 Requirements Sales value at spito Weighting Sales value 1. Compute the cost of the special shipment destroyed using the following a Sales value at spitott method b. Physical-measure method pounds of tinished product 2. What joint-cost-alocation method would you recommend Choice Chician use? Explain. at spitof Joint costs allocated Allocated costs per pound Print Done
Transcribed Image Text:Choice Chicen grows and processes chioens. Each chicken is disassembled into five main parts. Information Aspecial shipment of 60 pounds of breasts and 15 pounds of wings has been detroyed in a fire. Choice Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance company permits Choice Chicken to use a joint-cost-allocation method The spitoff point is assumed to be at the end of he production process. Read the esuitements E(Cick the icon to view the information) Joint cost of production in July 2020 was 550 Requirement ta. Compute the cost of the special shipment destroyed using the sales value at spitoff method Complete the table below to assist you. (Round the weighting to three decimal piaces and the allocated costs per pound to four decimal places. Round all other amounts to the nearest cent) Breast Wings Thighs Bones Feathers Total Pounds of product 5[ 100 20 30 45 Wholesale seling prioe per pound 045 S 025 S 0.35 S 0 05 S 0.05 Requirements Sales value at spito Weighting Sales value 1. Compute the cost of the special shipment destroyed using the following a Sales value at spitott method b. Physical-measure method pounds of tinished product 2. What joint-cost-alocation method would you recommend Choice Chician use? Explain. at spitof Joint costs allocated Allocated costs per pound Print Done
Data table Pounds of Wholesale Selling Price per Pound Product When Production is Complete Parts Breasts 100 S 0.45 Wings 20 0.25 Thighs 30 0.35 Bones 45 0.05 Feathers 0.05
Transcribed Image Text:Data table Pounds of Wholesale Selling Price per Pound Product When Production is Complete Parts Breasts 100 S 0.45 Wings 20 0.25 Thighs 30 0.35 Bones 45 0.05 Feathers 0.05
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ISBN:
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