Quality Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining

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Quality Chicken Grows And Processes Chickens Each Chicken Is Disassembled Into Five Main Parts Information Pertaining 1 (15.59 KiB) Viewed 42 times

Quality Chicken Grows And Processes Chickens Each Chicken Is Disassembled Into Five Main Parts Information Pertaining 2 (6.81 KiB) Viewed 42 times

Quality Chicken Grows And Processes Chickens Each Chicken Is Disassembled Into Five Main Parts Information Pertaining 3 (19.04 KiB) Viewed 42 times

Quality Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July 2017 is as follows: (Click the icon to view the information.) Joint cost of production in July 2017 was $40. CH A special shipment of 70 pounds of breasts and 5 pounds of wings has been destroyed in a fire. Quality Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance company permits Quality Chicken to use a joint-cost-allocation method. The splitoff point is assumed to be at the end of the production process.
Parts Breast Wings Thighs Bones Feathers Pounds of Product Wholesale Selling Price per Pound When Production is Complete 0.60 0.20 0.40 0.15 0.05 90 $ 25 35 45 5
1. Compute the cost of the special shipment destroyed using the following: a. Sales value at splitoff method b. Physical-measure method (pounds of finished product) method would you recommend Quality Chicken 2. What joint-cost-allocation use? Explain.
Requirement 1a. Compute the cost of the special shipment destroyed using the sales value at splitoff method. Complete the table below to assist you. (Round the weighting to three decimal places and the allocated costs per pound to four decimal places. Breast Wings Thighs Bones Feathers Total Pounds of product 200 Wholesale selling price per pound Sales value at splitoff 100 Weighting: Sales value at splitoff Joint costs allocated 40 Allocated costs per pound $ 90 0.60 $ 67.5 27 25 0.20 $ 6.25 2.5 35 0.40 $ 17.5 7 45 0.15 $ 8.44 3.38 5 0.05 31 .13