Exercise 20-10 (Part Level Submission) Stahl Inc. produces three separate produc

Question

Exercise 20-10 (Part Level Submission) Stahl Inc. produces three separate products from a common process costing $100,700. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period Sales Value at Split-Off Point Cost to Process Further Sales Value after Further Product 10$59,200 Product 12 Product 14 15,700 55,600 100,500 30,800 149,100 $190,400 35,000 214,900 Determine totel net income if ell products are sold at the split-off point. Net income

Explanation / Answer

(a) Net Income (Split Off Point) = Sales Value at Split off point - Common Process Cost

= ($59,200 + $15,700 + $55,600) - $100,700

= $29,800

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