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AC420-01_Unit_6_Project_HallHawkins

# AC420-01_Unit_6_Project_HallHawkins - Exercise 11-27 Name...

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Exercise 11-27 Name: Stephanie HallHawkins Insert your answers in the gray-shaded cells of columns D and F. Enter amounts to be subtracted as negatives. Enter answers as formulas where appropriate. If an answer is incorrect, the word "wrong" will appear. a. Joint cost \$142,000 Less NRV of by-product (2,400) Joint cost to be allocated \$139,600 Amount Percent NRV of Fillet 234,000 60% NRV of Smoked 156,000 40% Total NRV \$390,000 100% Cost allocation: Fillet \$83,760 Smoked 55,840 Total cost allocation \$139,600 b. Separate cost for Fillet \$54,000 Separate cost for Smoked \$104,000 Fillet Smoked Joint costs \$83,760 \$55,840 Separate costs 54,000 104,000 Total costs \$137,760 \$159,840 Divided by pounds 18,000 20,000 Unit costs \$7.65 \$7.99 Inventory values: Fillet \$30,600 Smoked 19,176 Remnants 420 Total inventory value \$50,196

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Stephanie HallHawkin a. \$10,080.00 \$4,200.00 \$4,200.00 \$4,200.00 \$2.40 \$2.50 \$2.40 \$10,080.00 \$10,500.00 \$420.00 b. 5000 5000 4000 \$2.40 \$2.50 \$2.50 \$12,000.00 \$12,500.00 \$500.00 \$10,000.00 \$500.00 c. Production manager-usage variance Purchasing agent-price variance
ns

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Stephanie HallHawkin Case A Case B Case C Case D Unit produced 1000 1000 240 1500 standard hours per unit 3.5 0.9 2.5 3 standard hours 3500 900 600

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