Author Question: The Brital Company processes unprocessed milk to produce two products, Butter Cream and Condensed ... (Read 59 times)

sheilaspns · **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:

33,000 gallons

Production:	Butter Cream	13,500	gallons
	Condensed Milk	19,500	gallons
Sales:	Butter Cream	13,000	gallons
	Condensed Milk	19,000	gallons
Sales:	Butter Cream	$3.50	per gallon
	Condensed Milk	$5.50	per gallon
Separable costs in total:	Butter Cream	$15,000
	Condensed Milk	$34,600

The costs of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 33,000 gallons of saleable product was $89,450.

The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. What is the allocated joint costs of Butter Cream?
◦ $34,600
◦ $15,000
◦ $61,925
◦ $27,525

vish98 · **Reply #1 on:** Mar 6, 2021

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