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Author Question: The Brital Company processes unprocessed milk to produce two products, Butter Cream and Condensed ... (Read 45 times)

stock

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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 Cream13,000gallons
​Condensed Milk20,000gallons
Sales:Butter Cream12,500gallons
​Condensed Milk19,500gallons
Sales:Butter Cream$2.50per gallon
​Condensed Milk$9.00per gallon
Separable costs in total:Butter Cream$14,500​
​Condensed Milk$36,000​

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 $55,000. 

The company uses constant gross-margin percentage NRV method to allocate the joint costs of production.  Which of the following statements is true of Brital?
◦ The gross profit percent of condensed milk is lower than the gross profit of butter cream.
◦ The gross margin is same for both products because constant gross margin percentage NRV method ignores profits earned before the split-off point.
◦ The gross profit of condensed milk is lower than the gross profit of butter cream.
◦ The gross margin is allocated to the joint products in order to determine the joint-cost allocations.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by stock on Mar 6, 2021

fauacakatahaias

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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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stock

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

triiciiaa

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Reply 3 on: Yesterday
Wow, this really help

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