Question 6: The materials management department, a service department for the mixing and assembly departments...

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Question 6: The materials management department, a service department for the mixing and assembly departments of Jack be Nimble Co., has this information for the current year: Budget for the Current Year: Practical Capacity: 12,000 hours Fixed Costs: $72,000 (over the relevant range of 5,000 to 30,000 DLH) Budgeted Variable Cost: $9 per material handing labor hour Budgeted Usage in DLH: Mixing Dept.: 3,000 hours Assembly Dept.: 6,000 hours Total 9,000 hours Actual Usage in Current Year: Mixing Dept.: 3,850 hours Assembly Dept.: 5,150 hours Total: 9,000 hours With this information please find: a. How much support cost is allocated to the Mixing Department under the Single Rate Method: b. How much support cost is allocated to the Assembly Department under the Single Rate Method: 6. How much support cost is allocated to the Mixing Department under the Dual Rate Method: d. How much support cost is allocated to the Assembly Department under the Dual Rate Method: 9 Question 8: Little Miss Muppet. is a company that makes products from milk. They first process milk into "curds and "whey", and then turn the curds into cheese and the whey into protein powder. Managers have this information about the production of these products for the month of May: There is no beginning inventory for any of the products . During the month, they can turn 240,000 pounds of milk into 49,000 pounds of curds and 147,000 pounds of whey for a total cost of $245,000 If they were to sell the curds as is, they would be able to sell 42,000 pounds for $252,000 . If they were to sell the whey as is, they would be able to sell 80,000 pounds for $3 a pound . If they make the cheese, they would be able to produce 20,000 pounds for $180,000 and would be able to sell 12,000 pounds for $18 each if they make the protein powder, they would be able to produce 50,000 pounds for $280,000 and would be able to sell 30,000 pounds for $360,000 With this information, please find the: a. The Gross Profit from Curds using Physical Units to allocate Joint Costs_ b. The Gross Profit from Whey using Physical Units to allocate Joint Costs: C. The Gross Profit from Curds using Sales value at Split-off to allocate Joint Costs: d. The Gross Profit from Whey using Sales value at Split-off to allocate Joint Costs: e. How much Joint Cost would be allocated to Cheese under the NRV method: 1. How much Joint Cost would be allocated to Protein Powder under the NRV method: 8. The Total Gross Profit from Cheese under the NRV method: h. The Total Gross Profit from Protein Powder under the NRV method: o te a $

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