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  3. 3 cornwall enterprises manufactures nuts and bolts

3 Cornwall Enterprises manufactures Nuts and Bolts from a joint process (cost $90,000). Six thousand...

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3 Cornwall Enterprises manufactures Nuts and Bolts from a joint process (cost $90,000). Six thousand pounds of Nuts can be sold at split-off for $25 per pound; fifteen thousand pounds of Bolts can be sold at split-off for $20 per pound. For product costing purposes Cornwall allocates joint costs using the relative sales value method. The amount of joint cost allocated to Bolts would be: Multiple Choice $90,000 $36.000 560.000 $96.000 $30,000 Newhallville Manufacturing hos 71,900 tabor hours available for producing Mand N. Consider the following information: Required labor time per unit (hours) Maximum demand (units) Contribution margin per unit Contribution margin per labor hour Product M 4 7,100 $ 6.00 $ 1.50 10 Product N 5 9,100 $ 6.50 $ 1.30 If Newhallville follows proper managerial accounting practices in terms of setting a production schedule, how much contribution margin would the company expect to generate? Multiple Choice $101750 None of the answer is correct 599,150 $41600 $98.750

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