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ABC Corporation processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June: Production:
ABC Corporation processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June: Production: Butter Cream: gallons Condensed Milk: gallons Sales in gallons: Butter Cream: gallons Condensed Milk: gallons Sales per gallon: Butter Cream: $ per gallon Condensed Milk: $ per gallon Separable costs in total: Butter Cream: $ Condensed Milk: $ The costs of purchasing the of unprocessed milk and processing it up to the splitoff point to yield a total of gallons of saleable product was $ The company uses constant grossmargin percentage NRV method to allocate the joint costs of production. If separable costs of Butter Cream was $ and constant gross margin was what would have been the allocated joint costs of Condensed Milk?
ABC Corporation processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June:
Production:
Butter Cream: gallons
Condensed Milk: gallons
Sales in gallons:
Butter Cream: gallons
Condensed Milk: gallons
Sales per gallon:
Butter Cream: $ per gallon
Condensed Milk: $ per gallon
Separable costs in total:
Butter Cream: $
Condensed Milk: $
The costs of purchasing the of unprocessed milk and processing it up to the splitoff point to yield a total of gallons of saleable product was $ The company uses constant grossmargin percentage NRV method to allocate the joint costs of production. If separable costs of Butter Cream was $ and constant gross margin was what would have been the allocated joint costs of Condensed Milk?
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