Creator Company processes a raw material that produces two joint products - Magna and Delta....
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Accounting
Creator Company processes a raw material that produces two joint products Magna and Delta. At splitoff, Magna can be sold for $ per pound and Delta can be sold for $ per pound. It costs $ to produce a batch of Magna and Delta. Each batch contains pounds of Magna and pounds of Delta. Do not enter dollar signs or commas in the input boxes. Round all answers to decimal places. a Allocate the joint cost of producing Magna and Delta using the physical measurement method. To Magna: $ To Delta: $ b Allocate the joint cost of producing Magna and Delta ore using the relative sales value method. Total Revenue: $ To Magna: To Delta: $ c The sales manager has advised that a batch of pounds of Delta can be processed further at an additional cost of $ With this additional processing, the pounds of Delta can be sold for $ a pound. Allocate the $ cost to Magna and Delta using the net realizable value method if Delta is processed further. Total net realizable value: $ To Magna: $ To Delta: $
Creator Company processes a raw material that produces two joint products Magna and Delta. At splitoff, Magna can be sold for $ per pound and Delta can be sold for $ per pound. It costs $ to produce a batch of Magna and Delta. Each batch contains pounds of Magna and pounds of Delta.
Do not enter dollar signs or commas in the input boxes.
Round all answers to decimal places.
a Allocate the joint cost of producing Magna and Delta using the physical measurement method.
To Magna: $
To Delta: $
b Allocate the joint cost of producing Magna and Delta ore using the relative sales value method.
Total Revenue: $
To Magna:
To Delta: $
c The sales manager has advised that a batch of pounds of Delta can be processed further at an additional cost of $ With this additional processing, the pounds of Delta can be sold for $ a pound. Allocate the $ cost to Magna and Delta using the net realizable value method if Delta is processed further.
Total net realizable value: $
To Magna: $
To Delta: $
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