Author Question: Bismite Corporation purchases trees from Cheney lumber and processes them up to the split-off point ... (Read 52 times)

joesmith1212 · **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. 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:

350 trees

Production:

paper

150,000 sheets

pencil casings

150,000

Sales:

paper

144,000 at $0.10 per page

pencil casings

147,000 at $0.15 per casing

The cost of purchasing 350 trees and processing them up to the split-off point to yield 150,000 sheets of paper and 150,000 pencil casings is $15,500.

Bismite's accounting department reported no beginning inventory.

If the sales value at split-off method is used, what is the approximate production cost for each paper sheet? (Round intermediary percentages to the nearest hundredth.)
◦ $0.043
◦ $0.065
◦ $0.041
◦ $0.062

wtf444 · **Reply #1 on:** Mar 6, 2021

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