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Author Question: The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed ... (Read 31 times)

j.rubin

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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:23,000 gallons (after shrinkage)
Production:Butter Cream7500gallons
​Condensed Milk15,500gallons
Sales:Butter Cream7000gallons
​Condensed Milk15,000gallons
Sales Price:Butter Cream$5.50per gallon
​Condensed Milk$10.00per gallon
Separable costs in total:Butter Cream$15,500​
​Condensed Milk$35,800​

The cost of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 23,000 gallons of saleable product was $48,000. 

The company uses constant gross-margin percentage NRV method to allocate the joint costs of production.  Which of the following statements is true of Kenton's joint cost allocations?
◦ The gross margin is same for both products because constant gross margin percentage NRV method ignores profits earned before the split-off point.
◦ One product can receive negative joint costs allocations to bring the other unprofitable product to the overall average gross margin.
◦ Kenton has chosen the easiest method for allocating its joint costs of production.
◦ The gross profit percent of condensed milk is lower than the gross profit of butter cream.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by j.rubin on Mar 6, 2021

frankwu0507

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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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j.rubin

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Reply 2 on: Mar 6, 2021
Wow, this really help

Liddy

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Reply 3 on: Yesterday
:D TYSM

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