Chemical Processors Use a Joint Process to Produce Two Types

question 126

Essay

Chemical Processors use a joint process to produce two types of base paint, Regular and Premium. Joint costs amount to $60,000 per batch of output. Each batch totals 12,000 litres, 60% Regular and 40% Premium. Both products are processed further without gain or loss in volume. Data about further processing are as follows:
Selling Price
Separable Costs After Further Processing
Regular $1.00 per litre $15.00 per litre
Premium $3.00 per litre $20.00 per litre
a)Allocate the joint costs according to the physical output method (number of litres at the split-off point).
b)Allocate the joint costs according to the net realizable value method.
c)The Company has discovered an additional process by which the Regular can be made into a high quality stain and mildew-proof paint called Durable. This paint is especially suited for bathrooms and kitchens. The new selling price would be $28 per litre. Additional processing would increase separable costs by $11.00 (in addition to the $1.00 separable cost required to produce regular). Assuming no other changes in cost, should the company begin producing Durable? Provide calculations to support your answer.
d)Identify a qualitative factor that could affect the decision in part (c).

Distinguish between different transport methods (active, passive, and facilitated) in plant water and solute transport.

Identify and differentiate between sinks and sources in plants.

Understand the role of photosynthate flow to sinks in agricultural systems.

Comprehend the methods and importance of studying translocation, including the use of aphids.

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Definitions:

Brain States

The varying physiological conditions of the brain, which can influence thoughts, emotions, and behavior.

Essential Selves

A concept referring to an individual's core identity or inherent characteristics that define their true nature.

Individuals

Single human beings as separate entities, considered apart from society or any particular group, emphasizing the uniqueness and autonomy of each person.

Certainty

The state of being sure or confident about something, often without any doubt.