Help please and thanks!! Kirk Minerals processes materials extracted from mines.

Question

Help please and thanks!!

Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Spock, Uhura, and Sulu. Each of these products can be sold as is, or each can be processed further and sold for a higher price. The company incurs joint costs of $181,000 to process one batch of the raw material th produces the three joint products. The following cost and sales information is available for one batch of each product Sales Value at Split-Off Point $209,300 300,900 454,800 Allocated Joint Costs $40,200 60,800 80,000 Sales Value of Processed Product $299,400 400,400 799,200 Cost to Process Further Spock Uhura Sulu $110,200 84,600 249,400 Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Spock Uhura Sulu Incremental profit (loss) Indicate whether each of the three joint products should be sold as is, or processed further Spock Uhura Sulu

Explanation / Answer

Calculate incremental profit :

Classify :

Spock Uhura Sulu Sales revenue after further procesing 299400 400400 799200 Sales revenue at split off point 209300 300900 454800 Incremental revenue 90100 99500 344400 Cost of process further -110200 -84600 -249400 Incremental profit (loss) -20100 14900 95000

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