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Setler79 [48]
3 years ago
6

Wren Pork Company uses the relative market value method/Value basis method of allocating joint costs in its production of pork p

roducts. Relevant information for the current period follows:
Product Pounds Price/lb.
Loin chops 3,080 $5.40
Ground 10,200 2.20
Ribs 4,120 5.05
Bacon 6,160 3.70
The total joint cost for the current period was $45,400. How much of this cost should Wren Pork allocate to Loin chops?
A. $0.
B. $6,443.
C. $9,134.
D. $11,350.
E. $45,400.
Business
1 answer:
Neporo4naja [7]3 years ago
6 0

Answer:

C. $9,134

Explanation:

Product              Pounds     Price/Ib      Total Value

Loin chops          3,080        $5.40           $16,632

Ground                10,200       $2.20           $22,440

Ribs                      4,120         $5.05           $20,806

Bacon                   6,160         $3.70           $<u>22,792</u>

                                                                    $<u>82,670</u>  

The Total Joint cost = $45,400

Hence Joint cost to Lopin chops = $45,400 * $16,632 / $82,670

Joint cost to Lopin chops = $9,134

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<u>Solution and Explanation:</u>

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3 0
3 years ago
The approved detail design resulting from the __________ serves as a basis for making the decision to begin production. Systems
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Answer: Critical Design Review

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Calculate the expected cost per stockout with the following information: Probability of a back order is 67%, lost sale is 22%, a
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Answer:

7208.9

Explanation:

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expected cost is the probability that a certain cost will be incurred multiplied by the cost.

Stockout cost can be defined as the lost income and expense in relation to a shortage of inventory.

Expected cost/stockout=Probability of stockout *expected demand

Probability of a back order is 67%

lost sale is 22%

probability of a lost customer is 11%.

expected demand for back order $50

The average order is 50.

lost customer is $65,000

The sales price of the item is $12 with a 20% profit margin

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33.5+7150+11+14.4

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4 years ago
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