Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

gallons The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of

image text in transcribed
image text in transcribed
gallons The Kenton 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: 24,000 gallons (after shrinkage) Production: Butter Cream 9,000 gallons Condensed Milk 15,000 gallons Sales: Butter Cream 8,500 Condensed Milk 14,500 gallons Sales Price: Butter Cream $6.00 per gallon Condensed Milk $9.00 per gallon Separable costs in Butter Cream $14,500 total: Condensed Milk $36,000 O A $36,000 OB. $36.495 OC. $14,500 OD $14.498 Production: Butter Cream 9,000 gallons Condensed Milk 15.000 gallons Sales: Butter Cream 8,500 gallons Condensed Milk 14,500 gallons Sales Price: Butter Cream $6.00 per gallon Condensed Milk $9.00 per gallon Separable costs in Butter Cream $14.500 total: Condensed Milk $36.000 The cost of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 24.000 gallons of saleable product was $1,000 The company uses constant gross - margin percentage NRV method to allocate the joint costs of production. What is the allocated joint costs of Condensed Milk? (Round intermediary percentages to the nearest hundreds O A $36,000 OB. $36.495 OC. $14.500 OD. $14.498

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

6. Explain the power of labels.

Answered: 1 week ago

Question

5. Give examples of variations in contextual rules.

Answered: 1 week ago

Question

f. What stereotypes were reinforced in the commercials?

Answered: 1 week ago