Author Question: The Brital Company processes unprocessed milk to produce two products, Butter Cream and Condensed ... (Read 70 times)

pane00 · **on:** Mar 6, 2021

The Brital Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June:

Direct Materials processed:

28,000 gallons

Production:	Butter Cream	12,000	gallons
	Condensed Milk	16,000	gallons
Sales:	Butter Cream	11,500	gallons
	Condensed Milk	15,500	gallons
Sales:	Butter Cream	$4.00	per gallon
	Condensed Milk	$10.00	per gallon
Separable costs in total:	Butter Cream	$15,000
	Condensed Milk	$35,800

The costs of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 28,000 gallons of saleable product was $113,100.

The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. If separable costs of Butter Cream was $17,500 and constant gross margin was 20%, what would have been the allocated joint costs of Condensed Milk?
◦ $20,900
◦ $34,900
◦ $92,200
◦ $87,200

bdobbins · **Reply #1 on:** Mar 6, 2021

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