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(Answered) Use the following to answer questions 4-8: Victoria Cross


Use the following to answer questions 4-8:

 

Victoria Cross
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Use the following to answer questions 4-8:,

 

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Victoria Cross Company produces various types of candies. Several candies could be sold at the split-off point or processed further and sold in a different form after further processing. The candies are produced in a joint processing operation with $500,000 of joint processing costs monthly, which are allocated based on pounds produced. Information concerning this process for a recent month appears below: ,

 

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,

 

Candy Number Price Per Further Price Per Pound,

 

Type Of Pound at Processing After Processing ,

 

Pounds Split-Off Costs Further,

 

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Sweet Hearts 50,000 $4 $75,000 $5.00 ,

 

Chocolate 100,000 $8 $30,000 $8.50,

 

Minty 25,000 $3 $20,000 $3.50,

 

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4. Based on the information presented, which of the products should be processed further? ,

 

A) Sweet Hearts only. ,

 

B) Chocolate only. ,

 

C) Minty only. ,

 

D) Both Sweet Hearts and Minty. ,

 

,

 

7. If Chocolate is processed further, the gross profit margin that will appear in a product line income statement for Chocolate would be: ,

 

A) $534,286 ,

 

B) $820,000 ,

 

C) $320,000 ,

 

D) $632,596 ,

 

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8. If Victoria Cross Company's management makes processing decisions that will result in the maximum possible profits to the company, the company's monthly profits will be: ,

 

A) $562,500 ,

 

B) $570,000 ,

 

C) $1,095,000 ,

 

D) $595,000 ,

 

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5. The net advantage (disadvantage) of processing Sweet Hearts further is: ,

 

A) A $175,000 advantage to process further. ,

 

B) A $32,143 advantage to process further. ,

 

C) A $25,000 disadvantage to process further. ,

 

D) A $167,857 disadvantage to process further. ,

 


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