Question

In: Accounting

What is the split-off point? How would you approach a decision to sell joint products at...

What is the split-off point? How would you approach a decision to sell joint products at the split-off point, or process those products further? Give an example of a well-known company that would have to make this decision and describe the products and split-off point(s).

Solutions

Expert Solution

.........................................xxxxxx............................................

PLEASE-----PLEASE KINDLY UP VOTE IT HELPS ME A LOT THANK YOU IN ADVANCE

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

In 250-500 words explain What is the split-off point? How would you approach a decision to...
In 250-500 words explain What is the split-off point? How would you approach a decision to sell joint products at the split-off point, or process those products further? Give an example of a well-known company that would have to make this decision and describe the products and split-off point(s). PLEASE DO NOT COPY AND PASTE FROM OTHER WEBSITES. THANK YOU!
XYZ Company makes two products, W and P, in a joint process. At the split-off point,...
XYZ Company makes two products, W and P, in a joint process. At the split-off point, 45,000 units of Product W and 70,000 units of Product P are available each month. Monthly joint production costs total $184,000 and are allocated to the two products equally. Product W can either be sold at the split-off point for $6.10 per unit or it can be processed further and then sold for $8.80 per unit. If Product W is processed further, additional processing...
Simpson Manufacturing Enterprises uses a joint production process that produces three products at the split-off point....
Simpson Manufacturing Enterprises uses a joint production process that produces three products at the split-off point. Joint production costs during April were $720,000. Product information for April was as follows: Product R S T Gallons produced 2,500 5,000 7,500 Sales prices per gallon: At the split-off $ 100 $ 80 $ 20 After further processing $ 150 $ 115 $ 30 Costs to process after split-off $ 150,000 $ 150,000 $ 100,000 Required: (use a separate sheet to show your...
ABC Company produces three products in a joint production process. At the split-off point, all three...
ABC Company produces three products in a joint production process. At the split-off point, all three products are produced further and then sold. Information about these products for 2019, the most recent year, appears below: Product A Product B Product C Units produced ............... 15,000 25,000 10,000 Selling price ................ $50 per unit $40 per unit $75 per unit Additional processing costs .. $15 per unit $16 per unit $37.50 per unit Joint costs for 2019 totaled $150,000. During 2019,...
Kelp Company produces three joint products from seaweed. At the split-off point, three basic products emerge:...
Kelp Company produces three joint products from seaweed. At the split-off point, three basic products emerge: Sea Tea, Sea Paste, and Sea Powder. Each of these products can either be sold at the split-off point or be processed further. If they are processed further, the resulting products can be sold as delicacies to health food stores. Cost and revenue information is as follows. Sales Value and Additional Costs If Processed Further Product Pounds Produced Sales Value at Split-Off Final Sales...
Kelp Company produces three joint products from seaweed. At the split-off point, three basic products emerge:...
Kelp Company produces three joint products from seaweed. At the split-off point, three basic products emerge: Sea Tea, Sea Paste, and Sea Powder. Each of these products can either be sold at the split-off point or be processed further. If they are processed further, the resulting products can be sold as delicacies to health food stores. Cost and revenue information is as follows. Sales Value and Additional Costs If Processed Further Product Pounds Produced Sales Value at Split-Off Final Sales...
JOINT PRODUCTS/SPLIT-OFF Blanchard Manufacturing Company manufactures four products from a joint production process. Each product may...
JOINT PRODUCTS/SPLIT-OFF Blanchard Manufacturing Company manufactures four products from a joint production process. Each product may be sold at split-off or processed further.      Sales Value                       Sales Values and Costs if Product      Units Produced         at Split Off                               Processed Further______                                                                                          Sales Value                Added Costs 1                     50,000                     $215,000                   $235,000                   $15,000 2                      25,000                       $60,000                    $98,000                      $22,000 3                      19,500                     $180,000                   $207,000                      $30,000 4                       8,700                       $22,000                     $39,000                      $8,000 Which product(s) should be processed...
Under what circumstances would you expect a corporation to perform a: Split-off Spin-off Split-up Discuss several...
Under what circumstances would you expect a corporation to perform a: Split-off Spin-off Split-up Discuss several advantages and disadvantages for each type of D reorganization and potential issues for each transaction that Company Management may discuss in approving each reorganization.
7.26 Sales-Value-at-Split-off Method Allocate the joint costs using the sales-value-at-split-off method. Alomar Company manufactures four products...
7.26 Sales-Value-at-Split-off Method Allocate the joint costs using the sales-value-at-split-off method. Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol. The joint costs for one batch are as follows: Direct materials $67,900 Direct labor 34,000 Overhead 25,500 At the split-off point, a batch yields 1,400 barlon, 2,600 selene, 2,500 plicene, and 3,500 corsol. All products are sold at the split-off point: barlon sells for $15 per unit, selene sells for $20 per unit, plicene...
Sell at Split-Off or Process Further Decision, Alternatives, Relevant Costs Betram Chemicals Company processes a number...
Sell at Split-Off or Process Further Decision, Alternatives, Relevant Costs Betram Chemicals Company processes a number of chemical compounds used in producing industrial cleaning products. One compound is decomposed into two chemicals: anderine and dofinol. The cost of processing one batch of compound is $70,000, and the result is 6,000 gallons of anderine and 8,000 gallons of dofinol. Betram Chemicals can sell the anderine at split-off for $12.00 per gallon and the dofinol for $6.05 per gallon. Alternatively, the anderine...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT