Choice Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information...
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Choice Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July 2020 follows: (Click the icon to view the information.) Joint cost of production in July 2020 was $100. A special shipment of 60 pounds of breasts and 15 pounds of wings has been destroyed in a fire. Choice Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance company permits Choice Chicken to use a joint-cost-allocation method. The splitoff point is assumed to be at the end of the production process. Read the Data table Complete the table below to assist you. (Round the weighting to three decimal places and the allocated costs per pound to four decimal places. F (Round your answers to the nearest cent.) The cost of the 60 pounds of breasts is The cost of the 15 pounds of wings is Requirement 1b. Compute the cost of the special shipment destroyed using the physical-measure method (pounds of finished product)
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Choice Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July 2020 follows: (Click the icon to view the information.) Joint cost of production in July 2020 was $100. A special shipment of 60 pounds of breasts and 15 pounds of wings has been destroyed in a fire. Choice Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance company permits Choice Chicken to use a joint-cost-allocation method. The splitoff point is assumed to be at the end of the production process. Read the Data table Complete the table below to assist you. (Round the weighting to three decimal places and the allocated costs per pound to four decimal places. F (Round your answers to the nearest cent.) The cost of the 60 pounds of breasts is The cost of the 15 pounds of wings is Requirement 1b. Compute the cost of the special shipment destroyed using the physical-measure method (pounds of finished product) 