This topic contains a solution. Click here to go to the answer
« previous next »

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

V@ndy87

  • Hero Member
  • *****
  • Posts: 571
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:22,500 gallons (after shrinkage)
Production:Butter Cream12,000gallons
​Condensed Milk10,500gallons
Sales:Butter Cream11,500gallons
​Condensed Milk10,000gallons
Sales Price:Butter Cream$3.50per gallon
​Condensed Milk$9.00per gallon
Separable costs in total:Butter Cream$15,000​
​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 22,500 gallons of saleable product was $51,000. 

The company uses constant gross-margin percentage NRV method to allocate the joint costs of production.  What is the allocated joint costs of Condensed Milk? (Round intermediary percentages to the nearest hundredth.)

◦ $34,678
◦ $16,324
◦ $15,000
◦ $35,800
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by V@ndy87 on Mar 6, 2021

ecabral0

  • Sr. Member
  • ****
  • Posts: 310
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.
Answer Preview
Only 29% of students answer this correctly


V@ndy87

  • Member
  • Posts: 571
Reply 2 on: Mar 6, 2021
Wow, this really help

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Many mothers pump their breast milk so that fathers can be involved in infant feedings Many mothers pump their breast milk so that fathers can be involved in infant feedings
The Procedure Used to Produce Conditioned Emotional Responses The Procedure Used to Produce Conditioned Emotional Responses
Low-fat milk provides a whole host of nutrients Low-fat milk provides a whole host of nutrients
Water-Soluble Vitamins Act as Coenzymes in Metabolic Processes Water-Soluble Vitamins Act as Coenzymes in Metabolic Processes
Gene products that are essential to mitochondrial function Gene products that are essential to mitochondrial function
Ice cream? Ice cream?
Video: Simple Diffusion - gases and nonpolar compounds transport

For a complete list of videos, visit our video library