50.1K

Verified Solution

Link Copied!

ap Part 1 of 5 Points: 11.2 of 20 Save Organic Chicken grows and processes chickens. Each chicken is disassembled to five main parts. Information pertaining to production in July 2020 follows Click the icon to view the information Joint cost of production in July 2020 was $60 A special shipment of 50 pounds of breasts and 20 pounds of wings has been destroyed in a fire Organic Chicken's insurance policy provides rembursement for the cost of the items destroyed. The insurance company permuts Organic Chicken to use a joint cost allocation method The spital point is assumed to be at the end of the production process Read the requirements Requirement ta. Compute the cost of the special shipment destroyed using the sales value at spitott method Complete the table below to assist you (Round the weghting to three decimal places and the allocated costs per pound to four (secimal places Round another amounts to the nearest cent) Breast Wings Thighs Bones Feathers Total Pounds of product 125 25 35 55 10 Wholesale selling prio per pound 5 055 5 0.25 0405 0 15 5 0.10 Sales value al spitol Weighting Sales value at splitott Joint costs allocated Allocated costs per pound - Data table - X core: 789 pints: 11 Parts Int of 50 p le Organic items de joint-cost The produc ments Pounds of Wholesale Selling Price per Pound Product When Production is complete 125 $ 0.55 25 0.25 Breasts Wings Thighs 35 0.40 0.15 Bones 55 10 method Feathers 0 10 costs per Print Done - Requirements 1. Compute the cost of the special shipment destroyed using the following a. Sales value at splitoff method b. Physical measure method (pounds of finished product) 2. What joint-cost-allocation method would you recommend Organic Chicken use? Explain Print Done CTP TTC SUTY TIS CICAL pages UECTIUTC TICIPE

Answer & Explanation Solved by verified expert

See Answer