Question: Refer to the data given in the preceding exercise. Required: Use the relative-sales-value method to allocate Breakfast time Cereal Companys joint production cost between Yummies

Refer to the data given in the preceding exercise.


Refer to the data given in the preceding exercise. Required: Use


Required:
Use the relative-sales-value method to allocate Breakfast time Cereal Company’s joint production cost between Yummies andCrummies.

Joint Cost Cereal Quantity at Split-Off Point Sales Price per Kilogram $2.00 2.50 $30,000 Yummies 12,000 kilograms. 8,000 kilograms. Crummies..

Step by Step Solution

★★★★★

3.54 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Rounded 16350 30000 545 13650 30000 455 Joint Cost 3000... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

238-B-M-A-V-C (302).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

Q:

Refer to the data given in the preceding exercise for Duo Company. Assume that the direct-labor rate is $24 per hour, and 10,000 labor hours are available per year. In addition, the company has a...

Q:

Refer to the data given in the preceding exercise for Dolphin Company. In the preceding exercise Dolphin Company manufactures two- person sailboats with a variable cost of $ 1,000. The sailboats sell...

Q:

Refer to the data given in the preceding exercise for Bianca Bicycle Company. Required: 1. Prepare a cost-volume-profit graph for the company. (Scale the vertical axis in millions of dollars.) 2....

Q:

Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information is as follows: Joint Cost Cereal Quantity at Split - Off Point Sales Price per...

Q:

Refer to the data given in the preceding exercise. Data from preceding exercise Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information is as...

Q:

Hi accfinance70, I need your help will filling the blank attachment with ACC650.M7.xlsx. Like before, I have received A's on my past assignments you have help me with, Thank you so much! Skinny...

Q:

Tuscaloosa National Bank has two service departments. the Human Resources (HR) Department and the Computing Department. The bank has two other departments that directly service customers, the...

Q:

Hi can someone please explain how to do part 17-22 and why they should or should not use the crummies in the mulch (I apologize for the poor image)? Exercise 17-20 Physical-Units Method: Joint...

Q:

821 Skinny Dippers, Inc. produces nonfat frozen yogurt. The product is sold in five-gallon containers, which have the following price and variable costs. Sales price...

Q:

Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information is as follows: Joint Cost Cereal Quantity at Split-Off Point Sales Price per Kilogram...

Q:

xdx J (ax + b)(cx + d) 6) dx b?

Q:

At its best possible output level, a firm has total revenue of $3,500 per day and total cost of $7,000 per day. What should this firm do in the short run if? a. The firm has total fixed costs of...

Q:

Suppose a time series has high variation in values (eg, the values range from 50 to 175). There is no clear trend to the data (the average for the first one- third, second one-third, and third...

Q:

You manage an equity fund with an expected risk premium of 14% and a standard deviation of 54%. The rate on Treasury bills is 6.8%. Your client chooses to invest $120,000 of her portfolio in your...

Q:

You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise equipment. The following information is available about the companys operations: (a) The cash...

Q:

You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise equipment. The following information is available about the companys operations: (a) The cash...

Q:

You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise equipment. The following information is available about the companys operations: (a) The cash...

Q:

The importance of capital budgeting and post-audits Capital budgeting decisions are among the most important decisions that financial managers make. Indicate whether each of the following statements...

Q:

REQUIRED INVESTMENT Truman Industries is considering an expansion. The necessary equipment would be purchased for $ 9 million, and the expansion would require an additional $ 3 million investment in...

Q:

Case Study : Minute Clinic. Mentioning a nationwide shortage of primary care providers, millions of newly insured patients through the Affordable Care Act, and an aging population, Dr. Andrew...