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Candice Company in Ningbo processes unprocessed goat milk up to the split-off point where two products, condensed goat milk and skim goat milk result. The

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Candice Company in Ningbo processes unprocessed goat milk up to the split-off point where two products, condensed goat milk and skim goat milk result. The following information was collected for the month of October Direct Materials processed: 98,000 gallons (after shrinkage) Production: Condensed goat milk 42,500 gallons Skim goat milk 55,500 gallons Sales: Condensed goat milk $3.50 per gallon Skim goat milk $2.50 per gallon The costs of purchasing the of unprocessed goat milk and processing it up to the split-off point to yield a total of 98,000 gallons of saleable product was $184,480. There were no inventory balances of eit: product Condensed goat milk may be processed further to yield 42,000 gallons (the remainder is shrinkage) of a medicinal milk product, Xyla, for an additional processing cost of $4 per usable gallon of Xyla. Xyla can be sold for $20 per gallon. Skim goat milk can be processed further to yield 54,200 gallons of skim goat ice cream, for an additional processing cost per usable gallon (of ice cream) of $4. The product can be sold for $9 per gallon. There are no beginning and ending inventory balances. What is the estimated net realizable value of Xyla at the split off point? 1.$456,000 2. $764,000 3. $349,000 4.$672,000 > Moving to another question will save this response. A Moving to another question will save this response. >> Question 12 3 points Save Answer Kimberly Corporation in Ningbo manufactures and sells lady bag. The results of sales variances are as follows: Sale price variance = $200,000 (F); sales volume variance = $350,000 (U); sales-mix variance = $300,000 (F). How much is the the static budget variance (total variance). 1. $150,000 (U) 2. $322,000 (F) 3. $110,000 (U) 4. $410,000 (F)

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