a) 11850

b)13500

c) 11500

d) 34500

e) 33700

b) the company uses constant gross margin percentahe nrv method to allocate the joint costs of production. what is the allocated joint cost of condensed milk?

a) 13500

b)11850

c)33700

d) 34500

e) 11500

The Happy 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 Cream 12,500 gallons Condensed Milk 15,500 gallons Sales: Butter Cream 12,000 gallons Condensed Milk 15.000 gallons Sales: Butter Cream $2.5 per gallon Condensed Milk $5.5 per gallon Separable costs in total: Butter Cream $13,500 Condensed Milk S33,700 The costs of purchasing the of unprocessed milk and processing it up to the splitoff point to yield a total of 28,000 gallons of saleable product was $46,000. 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