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Acct 344 Week 5 Homework

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ACCT 344 WEEK 5 HOMEWORK

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ACCT 344 Week 5 Homework,
Part A: Part A: Product I = 100 ÷ (100 + 400) * $4,000 = $800 Product II = 400 ÷ (500) * $4,000 = $3,200 Product I ($800) + Product II ($3,200) = $4,000 Part B: Income Statement: Product I Product II Total Sales $2,000 $6,000 $8,000 Cost of Goods Sold $800 $3,200 $4,000 Gross………
Part A: Total Cost: $4,000.00 Breast: 3,000 Units, 50% of Total Units, $2.00 per Pound Wings: 1,000 Units, 16.667% of Total Units, $0.50 per Pound Thighs: 2,000 Units, 33.333% of Total Units, $1.00 per Pound Total Units: 6,000, Combined Price $3.50 per Pound Cost Sale Gross Profit Gross Profit Percentage Breast $2,000.000 $6,000.00 $4,000.000 66.667% Wings $666.667 $500.00 $(166.667) -33.333% Thighs $1,333.333 $2,000.00 $666.667 33.333% Work: Breasts Cost = $4,000*.50 = $2,000 Breasts Sale = 3000 Units * $2.00 per Unit = $6,000 Breasts Gross Profit = $6,000 – $2,000 = $4,000 Breasts Gross Profit Percentage = $4,000 ÷ $6,000 = 66.667% Wings Cost = $4,000*.16667 = $666.667 Wings Sale = 1,000 Units * $0.50 per Unit = $500 Wings Gross Profit = $500 – $666.667 = -$166.667 Wings Gross Profit Percentage = -$166.667 ÷ $500 = -33.333% Thighs Cost = $4,000*.33.333 = $1,333.333 Thighs Sale = 2000 Units * $1.00 per Unit = $2,000 Thighs Gross Profic. The decision to accept the offer is not affected by the allocation of joint costs, only the relevant revenues and costs after split-off. Because the relevant revenue from further processing is 25
c. The decision to accept the offer is not affected by the allocation of joint costs, only the relevant revenues and costs after split-off. Because the relevant revenue from further processing is 25
c. The decision to accept the offer is…...

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