Question
This Tes The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month
This Tes 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: 22,000 gallons (after shrinkage) Production: Butter Cream Condensed Milk 7,500 14,500 gallons gallons Sales: Butter Cream 7,000 gallons Condensed Milk 14,000 gallons Sales Price: Butter Cream Condensed Milk $4.50 per gallon $9.00 per gallon Separable costs in Butter Cream $12,500 total: Condensed Milk $35,800 The cost of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 22,000 gallons of saleable product was $48,000. OA. $7,288 OB. $35,800 OC. $40,712 D. $12,500 Click to select your answer. 62 22 # 3 80 F3 54 4 222 Di 17 74 FS fo 85 66 &7 00-> 8 9 61 O tab Production: Butter Cream 7,500 gallons Condensed Milk 14,500 gallons Sales: Butter Cream 7,000 gallons Condensed Milk 14,000 gallons Sales Price: Butter Cream $4.50 per gallon Condensed Milk $9.00 per gallon Separable costs in Butter Cream $12,500 total: Condensed Milk $35,800 pis possible The cost of purchasing the of unprocessed milk and processing it up to the spit-off point to yield a total of 22,000 gallons of saleable product was $48.000. 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 hundredth.) OA. $7.288 OB. $35,800 OC. $40,712 OD. $12.500 Click to select your answer. 1 1 20 162 Q W A ans fock S 13 20 960 4 154 145 96 47 E R T Y U 00- 8 " 1 69 1 SHO " 1 0 a 0 D F G H J K L V + 4 ^ www
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