Secure l https://edugenwileyplus.com/edugen/ti/mainuni PLUS Kimmel, Accounting,

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Secure l https://edugenwileyplus.com/edugen/ti/mainuni PLUS Kimmel, Accounting, 6e tiele I Satem Announcements CALCULATOn BACK Exercise 20-11 Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: incurs joint costs of $180,300 to process one batch of the raw material that produces the three joint products. The following cost and sales 22-8 information is available for one batch of each product. Sales Value at Allocated Cost to Process Sales Value of Split-of Point Joint Costs Further $109,600 84,500 249,000 Processed Product $299,500 Spock$209,700 299,700 455,000 39,300 60,000 81,000 801,000 Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative sign ey Stulpreceding the number e.g. 45 or parentheses e.g. (45) Uhura (oss) Indicate whether each of the three joint products should be sold as is, or processed further Spock Uhura Sulu Click if you would likShow Work for this question: Ozen Show Wark Question Attempts: o of 3 used SAVE FOR LATER SUBPMIT ANSWER to search

Explanation / Answer

Calculate incremental profit :

b) Indicate sold at split off and proces further :

Spock Uthura Sulu sales after further processing 299500 399400 801000 Sales at split off point 209700 299700 455000 Incremental sales revenue 89800 99700 346000 Less: Additional cost (109600) (84500) (249000) Incremental profit (loss) (19800) 15200 97000

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