Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Sunland Dairy has four product lines: sour cream, ice cream, yogurt, and butter. The total costs of producing the milk base for the products is
Sunland Dairy has four product lines: sour cream, ice cream, yogurt, and butter. The total costs of producing the milk base for the products is $46300 which has been allocated based on litres of milk base used by each product. Results of July follow:
Sour Cream | Ice Cream | Yogurt | Butter | Total | |
Units sold | 1700 | 770 | 530 | 5700 | 8700 |
Revenue | $6500 | $15000 | $12300 | $24900 | $58700 |
Variable departmental costs | 4500 | 10200 | 7500 | 11200 | 33400 |
Fixed costs | 4700 | 800 | 1800 | 5600 | 12900 |
Net income (loss) | $(2700) | $4000 | $3000 | $8100 | $12400 |
How much are total joint costs of the products?
$33400
$12900
$46300
$12400
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started