Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. help please! chol company manufactures two

help please! Chol Company manufactures two skin care...

50.1K

Verified Solution

Question

Accounting

help please!
image
Chol Company manufactures two skin care lotions, Smooth Skin and Sliken Skin, from a joint process. The joint costs incurred are $310,000 for a standard production run that generates 180,000 pints of Smooth Skin and 280,000 pints of Silken Skin. Separable processing costs beyond the split-off point are $1.30 per pint for Smooth Skin and $1.80 per pint for Silken Skin. Required: How much of the joint costs are allocated to Smooth Skin and Silken Skin under each of the following methods: 1. Physical quantity method 2. Sales value at split-off method. Assume the following sales prices at the split-off point: Smooth Skin sells for $3.60 per pint, while Silken Skin sells for $5.10 per pint. 3. Net realizable value method. Assume the following sales prices after further processing: Smooth Skin sells for $3.60 per pint, while Silken Skin selis for $5.10 per pint. (For all requirements, do not round intermediate calculations. Round final answers to nearest whole dollar amounts.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A random sample of 25 employees of a local utility firm showed that their monthly incomes...

Statistics
Q

Show that if there are 100 people of different heights standing in a line, then it...

Advance Math
Q

1 a) An electric range burner weighing 698.0 grams is turned off after reaching a temperature of 463.5°C,...

Chemistry
Q

During WWII, what was the largest group that went to work in the factories when...

Biology
Q

3 Three particles of masses 1 kg 2 kg and 3 kg are situated at...

Physics
Q

Determine the parametric equations of a line passing through the point P(3,2,-1) and with a...

Geometry
Q

x y z 0 3 2 x 4 2 1 1 x y 2 1...

Geometry
Q

Score 20 100 1 12 answered Question 3 4 miles Southeast 3 miles South A...

Calculus
Q

ind the corner points of the feasible region of the linear programming problem 10 Maximize...

Calculus
Q

If a companys accounts receivable turnover is 8.5 and its inventory turnover is 4.2, then...

Accounting
Q

A company issues a 25-year $7000 bond, redeemable at 100 with bond interest at j12...

Accounting
Q

C Using the appropriate present value table and assuming a 12% annual interest rate, determine...

Accounting