Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
(Prepared from a situation suggested by Professor John W. Hardy.) Abilene Meat Processing Corporation is a major processor of beef and other meat products. The company has a large amount of T-bone steak on hand, and it is trying to decide whether to sell the T-bone steaks as is or to process them further into filet mignon and New York cut steaks. Management believes that a 1-pound T-bone steak would yield the following profit: Wholesale selling price ($2.00 per pound) $ 2.00 Less joint costs incurred up to the split-off point where T-bone steak can be identified as a separate product 1.20 Profit per pound $ 0.80
As mentioned above, instead of being sold as is, the T-bone steaks could be further processed into filet mignon and New York cut steaks. Cutting one side of a T-bone steak provides the filet mignon, and cutting the other side provides the New York cut. A one pound (16-ounce) T-bone steak cut in this way will yield one 6-ounce filet mignon and one 8-ounce New York cut; the remaining ounces are waste. The cost of processing the T-bone steaks into these cuts is $0.19 per pound. The filet mignon can be sold for $4.00 per pound, and the New York cut can be sold wholesale for $3.80 per pound.Required:
1.Determine the profit per pound from processing the T-bone steaks further into filet mignon and New York cut steaks. (Negative and loss amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.) Profit per pound from further processing $
2.Would you recommend that the T-bone steaks be sold as is or processed further? T-bone steaks should be processed further. T-bone steaks should be sold.
clay pooll hardwares is only hardware store in a remote area of northern minnesota. some of claypools tranactions
In late June, the Everest Construction Co. submitted a progress billing on a construction contract for $500,000. On July 2, the bill was approved for payment, subject to a five percent retention, as provided by the contract. The amount that should..
When a U.S. company purchases parts from a foreign company, which of the following will result in no foreign exchange gain or loss?
Consider the stock of Davidson Company, which will pay an annual dividend of $2 one year from today. The dividend will grow at a constant annual rate of 5 percent
Xavier and Yolanda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary a..
Assuming the Box Division has enough excess capacity to supply all of the Rolling Division's needs, which of the following is the range at which a negotiated transfer price between the two divisions should occur?
Evaluate the accounting ethics of creating, initiating, or adjusting transactions to repatriate excess cash for multinational firms in transfer pricing decisions and suggest a way that this practice may be implemented.
In this way we could combine the recording and posting process into one step and save ourselves a lot of time. What do you think?
on may 31 sosa company had a cash balance per books of 6781.50. the bank statement from sandwich community bank on that
When the General Fund budget for fiscal year 2011 is recorded, indicate whether each of the following accounts should be debited, credited, or not affected.
wilton co. reported the following results from the sale of 5000 hammers in may sales 200000 variable costs 120000 fixed
scorpion inc. is trying to decide whether to increase the commission based pay of its salespeople. currently each of
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd