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The cost should Wren Pork allocate to Loin chops is $8600 .
What portion of this price should Wren Pork put toward loin chops?
Cost is the sum of money that a company spends to manufacture or produce goods or services. It excludes the profit margin markup. Cost is the sum of money spent on making a good or product, as seen from the seller's perspective.
Cost is an expense incurred by a business in order to provide a good or service to its customers. These expenses include things like the rent for a storefront, investments for stock replacement, and personnel salaries.
Given ,
Cost allocate to Loin chops:-
= Total Joint Cost [Loin Chops Sales Value + Ground Sales Value + Ribs Sales Value + Bacon Sales Value]
= $43,000 × {(3,000 × 5 ) ÷ [(3,000 × 5 ) + (10,000 × 2 ) + (4,000 × 4.75 ) + (6,000 × 3.5)]}
= $43,000 × [15,000 ÷ 75,000]
= $43,000 × 0.2
= $8,600
Therefore The cost should Wren Pork allocate to Loin chops is $8600 .
The complete question is : Wren Pork Company uses the value basis of allocating joint costs in its production of pork products. Relevant information for the current period follows: Product Pounds Price/lb. Loin chops 3,000 $5.00 Ground 10,000 2.00 Ribs 4,000 4.75 Bacon 6,000 3.50 The total joint cost for the current period was $43,000. How much of this cost should Wren Pork allocate to Loin chops? Multiple Choicea. $0.b. $5,909.c. $8,600.d. $10,750.e. $43,000.
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The cost that Wren Pork should budget for loin chops is $8600.
How much of this cost should Wren Pork allocate to loin chops?
Cost is the sum of money that a company spends to manufacture or produce goods or services. The profit margin markup is not included. Cost, as perceived from the seller's perspective, is the total amount of money used to create a good or product.
A business must pay a cost in order to supply a good or service to its clients. These costs include things like storefront rent, stock replacement investments, and employee pay.
Given ,
Cost for loin chops is as follows:
Total Joint Cost is equal to the sum of the sales values of the loin chops, the ground, the ribs, and the bacon.
= $43,000 × {(3,000 × 5 ) ÷ [(3,000 × 5 ) + (10,000 × 2 ) + (4,000 × 4.75 ) + (6,000 × 3.5)]}
= $43,000 × [15,000 ÷ 75,000]
= $43,000 × 0.2 = $8,600
The complete question is- The value basis is the method used by Wren Pig Company to allocate shared costs while producing pork products. The following is pertinent information at the present time: Pounds of Product Price/lb. 3,00 Loin Chops $5.00 10,000 Ground 2.00 Ribs 4,000 4.75 Bacon 6,000 3.50 For the present time frame, the combined cost was $43,000. What portion of this price should Wren Pork put toward loin chops? Multiple Options a. $0.b. $5,909. c. $8,600.d. $10,750.e. $43,000.
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