A dairy company processed raw milk for $60,000. This raw milk can be converted into the following
Question:
A dairy company processed raw milk for $60,000. This raw milk can be converted into the following types of milk with listed sales values. Use the value basis to
(1) Allocate the total cost of the raw milk to each type of milk and
(2) Determine the gross profit for each type of milk.
Transcribed Image Text:
Joint Products Sales Value Whole milk .... 2% milk .... $ 25,000 40,000 Skim milk... 35,000 Total.... $100,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 37% (8 reviews)
answers ...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Show how 1-butanol can be converted into the following compounds: a. CH3CH2CH2CH2Br b. c. CH3CH2CH2CH2OCH3 d. CH3CH2CH2CH2NHCH2CH3 e. CH3CH2CH2CH2SH f. CH3CH2CH2CH2C==N CH CH2CHCH2OCCH2CH,
-
The following types of internal controls are commonly used by organizations for property, plant, and equipment: 1. A fixed asset master file is maintained with a separate record for each fixed asset....
-
The Brite Hope Hospital uses the following types of funds: GF......... General Fund EF ......... Endowment Funds PREF ...... Plant Replacement and Expansion Funds SPF Specific Purpose Funds Using...
-
Using Dirac delta functions in the appropriate coordinates, express the following charge distributions as three-dimensional charge densities p(x). (a) In spherical coordinates, a charge Q uniformly...
-
Saturated liquid nitrogen at 500 kPa enters a boiler at a rate of 0.005 kg/s and exits as saturated vapor. It then flows into a super heater also at 500 kPa where it exits at 500 kPa, 275 K. Find the...
-
Describe two ways in which the publication of the Standards for the Professional Practice ofInternal Auditing affected peer reviews of internal auditing departments.
-
What circumstances might influence the growth or shrinkage of the nonprofit sector?
-
On December 31, 2016, BIG Company had accrued salaries of $6,400. Required a. Record in general journal format the adjustment required as of December 31, 2016. b. Record the above adjustment in a...
-
Cu nto se acumula en un fondo de ahorro con 2 4 dep sitos bimestrales vencidos que crecen a una tasa del 1 5 % si el primer dep sito es de $ 1 0 0 0 y la tasa de inter s es del 1 . 5 4 % bimestral...
-
Plot the value of a two-year European put option with a strike price of $20 on World Wide Plants as a function of the stock price. Recall that World Wide Plants has a constant dividend yield of 5%...
-
Beto Company pays $2.50 per unit to buy a part for one of the products it manufactures. With excess capacity, the company is considering making the part. Making the part would cost $1.20 per unit for...
-
A manufacturer reports the data below. (1) Compute the number of days in the cash conversion cycle. (2) Is the company more efficient at managing cash than its competitor who has a cash conversion...
-
The Intercontinental Publishing Company follows the procedure of debiting Bad Debt Expense for 2% of all new sales. Sales for four consecutive years and year-end allowance account balances were as...
-
You have been working as a Software Developer for five years at DigiTech Solutions. Your current annual salary is S$90,000 and you are entitled to claim fully for medical and dental up to a certain...
-
How has an organization that you've been associated with responded to external events such as globalization, terrorism, climate change, changing demographics, or a pandemic? Was their response...
-
Noreen is planning to attend a WebEx online meeting today at 11:00 a.m. Her boss has asked her to participate in the meeting with other Petro-Go "Go Points" team leaders from around the world. The...
-
15. On a particular day, he delivers 36 pizzas, of which 9 pizzas are delivered in more than 30 minutes. Which is the smallest level of significance at which the evidence is strong enough to believe...
-
Locate a favorite speech; record yourself a) naming the speech and speaker, why you chose this speech, and which part of the speech you'll focus on. I chose Malala Yousafzai's Nobel Peace Prize...
-
The Excel worksheet form that follows is to be used to recreate the Review Problem related to Medical Diagnostics, Inc. Download the workbook containing this from Connect. On the website you will...
-
Differentiate. y = ln(3x + 1) ln(5x + 1)
-
Why are incidental costs sometimes ignored in inventory costing? Under what accounting constraint is this permitted?
-
If costs are declining, will the LIFO or FIFO method of inventory valuation yield the lower cost of goods sold? Why?
-
If costs are declining, will the LIFO or FIFO method of inventory valuation yield the lower cost of goods sold? Why?
-
how does 25000 of common stock issued at .98 affect common stock outstanding of 100000
-
Question 2 (13 marks) Godfrey has just recovered from a serious illness and is planning to start his early retirement at the age of 55 (i.e., start the retirement right after his 55th birthday)....
-
B. Assess the financial health of the nonprofit organization based on your analysis of its financial reports. What recommendations might you make to improve financial reporting and the overall...
Study smarter with the SolutionInn App