I\'ve started but Not sure where to go next. Breast Wings thigs bones Feather To
ID: 2648955 • Letter: I
Question
I've started but Not sure where to go next.
Breast
Wings
thigs
bones
Feather
Total
lbs. of product
90
25
35
45
5
Whole selling price per lb.
0.5
0.25
0.45
0.15
0.1
Sales value at split off
Weighting Sales Value at Split off
Joint Costs allocated
Allocated Cost per pound
Breast
Wings
thigs
bones
Feather
Total
lbs. of product
90
25
35
45
5
Whole selling price per lb.
0.5
0.25
0.45
0.15
0.1
Sales value at split off
Weighting Sales Value at Split off
Joint Costs allocated
Allocated Cost per pound
information.) 2013 was $40. A fire destroys a special shipment of 75 pounds of breasts and 20 pounds of wings. policy provides reimbursement cost the destroyed. The insurance company permits for the of items -cost Data Table ecial ea Parts belo | all ot Wholesale Selling price per pound Pounds of Product When Production is complete und Breast 90 0.50 Brea Wings 0.25 Thighs 35 0.45 Bones 45 0 15 Feathers 0. 10 Print DoneExplanation / Answer
Therefore, the cost of shipment destroyed = pounds of breast distroyed x allocated cost per pound + pounds of wings distroyed x allocated cost per pound = 75 x $0.2694 + 20 x $0.1347
= $20.2020 + $2.6936 = $22.8956 or $22.90
Hope this clarifies your question.
Breast Wings Thighs Bones Feathers Total a Pounds of product 90 25 35 45 5 b Whole selling price per pound $ 0.50 $ 0.25 $ 0.45 $ 0.15 $ 0.10 c Sales Value at splitoff =Pounds of Product x whole selling price per pound ( a x b) $ 45.00 $ 6.25 $ 15.75 $ 6.75 $ 0.50 $ 74.25 d Weighting : Sales value at splitoff = Sales value at splitoff / sum of Sales value at splitoff 0.606 0.084 0.212 0.091 0.007 1 e Joined cost allocated = total Joined cost x weights = $40 x Weights 24.2424 3.3670 8.4848 3.6364 0.2694 40.0000 f Allocated cost per pound = Joined cost allocated / Pounds of product 0.2694 0.1347 0.2424 0.0808 0.0539
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