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 62 times)

D2AR0N

  • Hero Member
  • *****
  • Posts: 561
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:27,500 gallons (after shrinkage)
Production:Butter Cream12,500gallons
​Condensed Milk15,000gallons
Sales:Butter Cream12,000gallons
​Condensed Milk14,500gallons
Sales Price:Butter Cream$4.50per gallon
​Condensed Milk$8.00per gallon
Separable costs in total:Butter Cream$13,000​
​Condensed Milk$35,600​

The cost of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 27,500 gallons of saleable product was $53,000. 

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? (Round intermediary percentages to the nearest hundredth.)

◦ $33,580
◦ $13,000
◦ $35,600
◦ $19,428
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 D2AR0N on Mar 6, 2021

Jordin Calloway

  • Sr. Member
  • ****
  • Posts: 334
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


D2AR0N

  • Member
  • Posts: 561
Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Processes Involved in Observational Learning Processes Involved in Observational Learning
Natural Products Used as Antineoplastic Therapy Natural Products Used as Antineoplastic Therapy
Processes of the Middle and Upper Troposphere: Rossby Waves and Vorticity Processes of the Middle and Upper Troposphere: Rossby Waves and Vorticity
Contribution of enthalpy and entropy to several favorable processes Contribution of enthalpy and entropy to several favorable processes
Hydrogen burns to produce energy and water Hydrogen burns to produce energy and water
Milk Label Containing Information about the Use of rBGH Milk Label Containing Information about the Use of rBGH
Video: Buffers definition and the role of buffer in the body

For a complete list of videos, visit our video library