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VE McBride's Dairy has 200 gallons of cream and 600 gallons of skimmed milk and has incurred $1,000 of joint costs at the split-off point.
VE McBride's Dairy has 200 gallons of cream and 600 gallons of skimmed milk and has incurred $1,000 of joint costs at the split-off point. The amount of this cost that will be allocated to skimmed milk using the physical units method is Formula: Gallons of Skimmed Milk / (Gallons of Cream + Gallons of Skimmed Milk) = Percentage Formula: Percentage x JC = Alloc. to Skimmed Milk A) $1,000 B $750 C) $0 (D) $250
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