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Author Question: The Alfarm Corporation processes raw milk up to the split-off point where two products, cream and ... (Read 120 times)

mikaylakyoung

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on: Mar 6, 2021
The Alfarm Corporation processes raw milk up to the split-off point where two products, cream and liquid skim, are produced and sold. There was no beginning inventory. The following material was collected for the month of February:

  Direct materials processed:820,000 gallons (797,500 gallons of good product)
  Production:Cream443,000 gallons
Liquid skim354,500 gallons
  Sales:Cream424,000 at $130 per gallon
Liquid skim344,500 at $115 per gallon
The cost of purchasing 820,000 gallons of direct materials and processing it up to the split-off point to yield a total of 797,500 gallons of good product was $2,350,000.  What are the physical-volume proportions to allocate joint costs for cream and liquid skim, respectively?
◦ 54.02% and 45.98%
◦ 55.55% and 44.45%
◦ 50.00% and 50.00%
◦ 53.17% and 46.83%
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by mikaylakyoung on Mar 6, 2021

ngr69

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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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mikaylakyoung

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

isabelt_18

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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