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Author Question: Bismite Corporation purchases trees from Cheney lumber and processes them up to the split-off point ... (Read 78 times)

javeds

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on: Mar 6, 2021
Bismite Corporation purchases trees from Cheney lumber and processes them up to the split-off point where two products (paper and pencil casings) emerge from the process. The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was collected for the month of October:

Trees processed:270 trees 
Production:paper180,000 sheets
pencil casings180,000
Sales:paper166,000 at $0.20 per page
pencil casings176,000 at $0.23 per casing
The cost of purchasing 270 trees and processing them up to the split-off point to yield 180,000 sheets of paper and 180,000 pencil casings is $15,000.

Bismite's accounting department reported no beginning inventory.

What are the paper's and the pencil's approximate weighted cost proportions using the sales value at 
split-off method, respectively?
◦ 50.00% and 50.00%
◦ 45.06% and 54.94%
◦ 48.54% and 51.46%
◦ 46.51% and 53.49%
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by javeds on Mar 6, 2021

zacnyjessica

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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javeds

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Reply 2 on: Mar 6, 2021
:D TYSM

TheDev123

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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