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Author Question: The Brital Company processes unprocessed milk to produce two products, Butter Cream and Condensed ... (Read 47 times)

pane00

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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:28,000 gallons
Production:Butter Cream12,000gallons
​Condensed Milk16,000gallons
Sales:Butter Cream11,500gallons
​Condensed Milk15,500gallons
Sales:Butter Cream$4.00per gallon
​Condensed Milk$10.00per gallon
Separable costs in total:Butter Cream$15,000​
​Condensed Milk$35,800​

The costs of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 28,000 gallons of saleable product was $113,100. 

The company uses constant gross-margin percentage NRV method to allocate the joint costs of production.  If separable costs of Butter Cream was $17,500 and constant gross margin was 20%, what would have been the allocated joint costs of Condensed Milk?
◦ $20,900
◦ $34,900
◦ $92,200
◦ $87,200
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by pane00 on Mar 6, 2021

bdobbins

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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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pane00

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

emsimon14

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Reply 3 on: Yesterday
Wow, this really help

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