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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
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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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