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! Required Information [The following Information applies to the questions displayed below.] Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost
! Required Information [The following Information applies to the questions displayed below.] Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity Information is as follows: Joint Cost Cereal $94,000 Quantity at Split-Off Point Sales Price Yummies Crummies 12,400 kilograms 8,400 kilograms per Kilogram $6.40 7.98 Breakfasttime Cereal Company has an opportunity to process Its Crummies further Into a mulch for ornamental shrubs. The additional processing operation costs $1.90 per kilogram, and the mulch will sell for $12.50 per kilogram. 2. Suppose the company does process Crummies Into the mulch. Use the net-realizable-value method to allocate the joint production cost between the mulch and the Yummies. (Round Intermediate calculations of "Relative Proportions" to 3 decimal places and final answers to the nearest dollar amount.) Yummies Mulch Allocation of Joint Cost
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