Question: Exercise 17-21 Relative-Sales-Value Method; Joint Cost Allocation (LO 17-4) Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information is

 Exercise 17-21 Relative-Sales-Value Method; Joint Cost Allocation (LO 17-4) Breakfasttime Cereal

Exercise 17-21 Relative-Sales-Value Method; Joint Cost Allocation (LO 17-4) 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 $107.000 Yummies 13.700 kilograms Crummies 9,700 kilograms Sales Price per Kilogram $ 7.70 9.20 Required: Use the relative-sales-value method to allocate the company's joint production cost between Yummies and Crummies. (Round your calculation of relative proportions to 3 decimal places.) Sales Value at Split-off Point Allocation of Joint Cost Yummies Crummies Total S 0S 0

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