Looking for a similar answer, essay, or assessment help services?

Simply fill out the order form with your paper’s instructions in a few easy steps. This quick process ensures you’ll be matched with an expert writer who
Can meet your papers' specific grading rubric needs. Find the best write my essay assistance for your assignments- Affordable, plagiarism-free, and on time!

Posted: March 28th, 2022

Financial Reporting Purposes Assignment

Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total of $310,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Quarterly Output ProductSelling Price $12.00 Der pound 11,400 pounds A $ 6.00 Der pound 17,900 pounds $18.00 Per gallon C 2,600 gallons Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unit selling prices after further processing are given below Additional Processing Selling Product Price Costs $16.30 Per pound A $52,470 $11.30 Per pound $ 74,345 B $25.30 Per gallon $27,460 C Required: 1. What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point? 2. Based on your analysis in requirement 1, which product or products should be sold at the split-off point and which product or products should be processed further? Complete this question by entering your answers in the tabs below. Required 1

2 What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point? Product A Product B Product Financial advantage (disadvantage) of further processing Required 2 Required 1 Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $310,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Quarterly Output Product Selling Price $12.00 per pound 11,400 pounds $6.00 per pound 17,900 pounds $18.00 per gallon 2,600 gallons C Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unit selling prices after further processing are given below: Additional Selling Price Processing Product Costs $16.30 per pound A $52,470 $11.30 per pound $74,345 $25,30 Per gallon C $27,460 Required: 1. What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point? 2. Based on your analysis in requirement 1, which product or products should be sold at the split-off point and which product or products should be processed further? Complete this question by entering your answers in the tabs below. Required Required 1 2 Based on your analysis in requirement 1, which product or products should be sold at the split-off point and which product or products should be processed further? Product B Product C Product A Sell at a split-off point? Process further? Required 1 Required 2>. Get Accounting homework help today

Tags: 1500 Words Assessment Task, Ace Homework Tutors, Assignment Homework Help & Answers, Bishops Writing Bureau

Order|Paper Discounts

Why Choose Essay Bishops?

You Want The Best Grades and That’s What We Deliver

Top Essay Writers

Our top essay writers are handpicked for their degree qualification, talent and freelance know-how. Each one brings deep expertise in their chosen subjects and a solid track record in academic writing.

Affordable Prices

We offer the lowest possible pricing for each research paper while still providing the best writers;no compromise on quality. Our costs are fair and reasonable to college students compared to other custom writing services.

100% Plagiarism-Free

You’ll never get a paper from us with plagiarism or that robotic AI feel. We carefully research, write, cite and check every final draft before sending it your way.