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

justinmsk · **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:

31,500 gallons

Production:	Butter Cream	12,500	gallons
	Condensed Milk	19,000	gallons
Sales:	Butter Cream	12,000	gallons
	Condensed Milk	18,500	gallons
Sales:	Butter Cream	$3.50	per gallon
	Condensed Milk	$10.00	per gallon
Separable costs in total:	Butter Cream	$16,500
	Condensed Milk	$35,600

The costs of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 31,500 gallons of saleable product was $109,025.

The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. If separable costs of Butter Cream was $19,000 and constant gross margin was 30%, what would have been the total allocated joint costs of production?
◦ $109,025
◦ $35,600
◦ $97,400
◦ $163,625

raenoj · **Reply #1 on:** Mar 6, 2021

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