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Author Question: The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed ... (Read 29 times)

imanialler

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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
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Marked as best answer by imanialler on Mar 6, 2021

chjcharjto14

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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.
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imanialler

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

JaynaD87

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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