Wevgandt, Manage Help NTER Exercise 7-11 Your answer is partially correct. Try a

Question

Wevgandt, Manage Help NTER Exercise 7-11 Your answer is partially correct. Try again. Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three join these products can be sold as is, or each can be processed further and sold for a higher price. material that produces the three joint products. The following cost and sales information is The company incurs Joint costs products: Spock, Ubura, and 1,00 to process one batch of the raw Allocated Cost to Process Sales Value at Split off Point Joint Costs Sales Value of Spock Uhura Sulu $209,600 300,400 455,400 $39,400 S9,700 79,600 $109.000 85,200 250,200 Processed Product $299,700o 400,500 799,700 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 Sulu Incremental profit (loss) s Indicate whether each of the three joint products should be sold as is, or processed further Spock Uhura Sulu sold as

Explanation / Answer

Spock Uhura Sulu Sales value of processed product 299700 400500 799700 Sales value at split off point 209600 300400 455400 Incremental revenue 90100 100100 344300 Cost to process further 109000 85200 250200 Incremental profit(loss) -18900 14900 94100

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