This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed ... (Read 49 times)

imanialler

  • Hero Member
  • *****
  • Posts: 539
on: Mar 6, 2021
The Kenton 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:  24,500 gallons (after shrinkage)

Production:Butter Cream12,000gallons
​Condensed Milk12,500gallons
Sales:Butter Cream11,500gallons
​Condensed Milk12,000gallons
Sales Price:Butter Cream$3.50per gallon
​Condensed Milk$7.50per gallon
Separable costs in total:Butter Cream$14,000​
​Condensed Milk$34,700​

The cost of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 24,500 gallons of saleable product was $55,000. 

The company uses constant gross-margin percentage NRV method to allocate the joint costs of production.  What is the constant gross-margin percent for Kenton?
◦ 64.1%
◦ 20.4%
◦ 23.6%
◦ 62.6%
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by imanialler on Mar 6, 2021

chjcharjto14

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


imanialler

  • Member
  • Posts: 539
Reply 2 on: Mar 6, 2021
Gracias!

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Basidiomycetes produce diverse fruiting bodies. Basidiomycetes produce diverse fruiting bodies.
The crude oil refining showing most of the major steps and processes. The crude oil refining showing most of the major steps and processes.
Mango with whipped cream Mango with whipped cream
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
A teaspoon of milk of magnesia contains 12.0 mg of magnesium hydroxide A teaspoon of milk of magnesia contains 12.0 mg of magnesium hydroxide
Transfer of endosymbiont genes to the nuclear genome and destinations of encoded protein products Transfer of endosymbiont genes to the nuclear genome and destinations of encoded protein products
Video: Activation Energy - Valence Electrons

For a complete list of videos, visit our video library