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Dairy Food Corp. produces two types of cheese: cheddar and cream. The results of last year's operations were as follows: Production Sales value at
Dairy Food Corp. produces two types of cheese: cheddar and cream. The results of last year's operations were as follows: Production Sales value at split-off Cheddar 5,000 kilograms Cream 9,000 kilograms $12,000 $22,000 point Revenue $37,000 $75,000 Separable costs $9,000 $9,500 Joint costs 5 points Required: 1. Allocate the joint costs using the physical output method. 2. Allocate the joint costs using the sales value at the split-off point method. 3. Allocate the joint costs using the NRV method. 4. Allocate the joint costs using the constant gross margin NRV method. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)
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